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Mitsubishi UFJ Financial Group makes management changes

Mitsubishi UFJ Financial Group Inc. made changes to its board of directors and executive team, including naming a new deputy chairman.

The company said Feb. 5 that it appointed Saburo Araki as deputy chairman, effective April 1. Araki will move from his role as senior managing executive officer and group head of the corporate banking business. He will take over from Takashi Nagaoka, who will remain as director.

Also from April 1, Kenji Yabuta will be senior managing executive officer and group head of corporate banking. He will then take over as group head of the Japanese corporate and investment banking business from July 1.

Naoki Hori was appointed group head for the retail and commercial banking business, effective July 1. Hori will move from his role as managing officer and group deputy chief human resources officer.

Masato Miyachi was named group head for global corporate and investment banking, also from July 1. Miyachi will move from his role as managing officer and deputy group head for the global business group.

Also from July 1, Eiichi Yoshikawa will be group head for the global commercial banking business. He will move from his role as senior managing executive officer and group head of the global business group.