Mitsubishi UFJ Financial Group Inc. appointed Yasushi Itagaki as president of its Indonesian unit, PT Bank Danamon Indonesia Tbk, The Nikkei reported Sept. 2.
Itagaki is a managing executive officer at the Japanese financial group. He will assume his new role Oct. 1.
In April, Mitsubishi UFJ Financial Group raised its stake in Bank Danamon to 94% from from 40%, making the Indonesian bank a consolidated subsidiary of the group.
