The Yomiuri Shimbun

Mitsubishi UFJ Financial Group Inc. $(MUFG)$ on Tuesday formally announced its decision to appoint Junichi Hanzawa, president and chief executive officer of MUFG Bank Ltd., as MUFG's next president and group CEO.

Masakazu Osawa, senior managing executive officer of MUFG Bank, will replace Hanzawa as the bank's president and CEO, and Hiroyuki Seki, deputy president of MUFG Bank, will become president and CEO of Mitsubishi UFJ Morgan Stanley Securities Co.

The appointments will officially take effect on April 1 next year. MUFG aims to put itself on a growth trajectory by refreshing its leadership and that of its core group companies.

Hanzawa, 60, has held key positions primarily related to corporate planning, where management strategy is formulated. He became the bank's president and CEO in 2021. During the era of low interest rates, the bank's policy was to reduce its branches. He shifted away from that policy and instead focused on strengthening face-to-face services, including by opening a new type of retail branch in September.

Osawa, 57, was involved in establishing a joint venture with major U.S. securities firm Morgan Stanley. In recent years, he was in charge of a digital service business and led the rollout of a smartphone payment service called "Coin Plus."

Seki, 57, has extensive experience in market planning. As division head, he spearheaded the bank's entry into the electricity futures market, a first for a major Japanese bank.

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This article is from The Yomiuri Shimbun. Neither Dow Jones Newswires, MarketWatch, Barron's nor The Wall Street Journal were involved in the creation of this content.

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December 16, 2025 05:04 ET (10:04 GMT)

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