The Bank of Tokyo-Mitsubishi UFJ Forms New Management Structure in the United States

BTMU and Union Bank, N.A. Positioned for U.S. Growth and Stronger Collaboration

NEW YORK & SAN FRANCISCO--()--The Bank of Tokyo-Mitsubishi UFJ, Ltd. (BTMU) today announced that effective July 1, 2011, it will establish a new management structure through a virtual holding company1 in the United States known as BTMU U.S. Holdings. The new structure will position BTMU’s U.S. operations — BTMU Headquarters for the Americas and Union Bank — for increased growth in the U.S. market and strengthen its overall U.S. governance structure by creating closer alignment between both companies.

Under the leadership of BTMU Chief Executive Officer for the Americas Masaaki Tanaka, the new holding company will encompass BTMU’s exclusive interests in the United States, namely BTMU Headquarters for the Americas and Union Bank, covering both wholesale and retail banking.

“This new structure will enable us to be more nimble and flexible in responding to U.S. market opportunities and provide better governance to make the decisions necessary to achieve the company’s aggressive growth plans,” said Mr. Tanaka. “Under single leadership, BTMU Headquarters for the Americas and Union Bank will be able to develop an even stronger and more robust relationship, enabling us to foster tighter business collaboration and leverage operational efficiencies over time.” Mr. Tanaka continued, “This move also reaffirms and further emphasizes BTMU’s interests and commitment to become a top ten banking group in the U.S.”

Union Bank President and Chief Executive Officer Masashi Oka will take on the additional role of Co-Chief Operating Officer for the Americas of BTMU. Union Bank remains a wholly owned subsidiary of BTMU and will maintain its status as a national bank. As part of the new structure, Mr. Oka will report to Mr. Tanaka. Mr. Tanaka will also serve as the other Co-Chief Operating Officer for the Americas of BTMU.

The Bank of Tokyo-Mitsubishi UFJ, Ltd.

The Bank of Tokyo-Mitsubishi UFJ, Ltd. (BTMU) is Japan’s premier bank, with a global network spanning more than 40 countries. BTMU offers an extensive scope of commercial and investment banking products and services to businesses, governments, and individuals worldwide. In the Americas, BTMU has offices throughout the United States and in Canada, Mexico, and Central and South America serving mainly corporate clients. BTMU’s parent, Mitsubishi UFJ Financial Group, Inc. (MUFG), is one of the world’s leading financial groups, with total assets of more than JPY 206 trillion (approximately US$2.48 trillion) as of March 31, 2011. MUFG’s services include commercial banking, trust banking, securities, credit cards, consumer finance, asset management, and leasing. The Group’s operating companies include BTMU, Mitsubishi UFJ Trust and Banking Corporation (Japan’s leading trust bank), and Mitsubishi UFJ Securities Holdings Co., Ltd., one of Japan’s largest securities firms. MUFG’s shares trade on the Tokyo, Osaka, Nagoya, and New York (NYSE:MTU - News) stock exchanges.

UnionBanCal Corporation & Union Bank, N.A.

Headquartered in San Francisco, UnionBanCal Corporation is a financial holding company with assets of $80.6 billion at March 31, 2011. Its primary subsidiary, Union Bank, N.A., is a full-service commercial bank providing an array of financial services to individuals, small businesses, middle-market companies, and major corporations. The bank operated 401 banking offices in California, Washington, Oregon, and Texas, as well as two international offices, on March 31, 2011. UnionBanCal Corporation is a wholly owned subsidiary of The Bank of Tokyo-Mitsubishi UFJ, Ltd., which is a subsidiary of Mitsubishi UFJ Financial Group, Inc. Union Bank is a proud member of the Mitsubishi UFJ Financial Group (MUFG, NYSE:MTU), one of the world’s largest financial organizations. Visit www.unionbank.com for more information.

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1A virtual holding company does not have independent corporate status nor does it issue capital stock. It is an advanced business management approach to eliminate complex procedures required for acquiring corporate status while maintaining functions equivalent to those held by a holding company with corporate status.

Contacts

The Bank of Tokyo-Mitsubishi UFJ, Ltd.
Elizabeth Lyman, 212-782-5856
or
Union Bank
Thomas Taggart, 415-765-2249

Contacts

The Bank of Tokyo-Mitsubishi UFJ, Ltd.
Elizabeth Lyman, 212-782-5856
or
Union Bank
Thomas Taggart, 415-765-2249