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Bank Danamon Indonesia gets new president

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.