NEW YORK--(BUSINESS WIRE)--MUFG, one of the world’s leading financial groups, today announced that Donna Dellosso will join the company as the Chief Risk Officer for the Americas for MUFG Americas Holdings Corporation and its U.S. banking subsidiary, MUFG Union Bank, N.A.
Ms. Dellosso will serve on the company’s Executive Committee for the Americas as a policy making officer. She will be based in New York and report to the President and Chief Executive Officer for MUFG Union Bank, Stephen Cummings, and to Kanetsugu Mike, Regional Executive for the Americas.
Ms. Dellosso has more than 30 years of risk management experience, with deep expertise across investment banking, capital markets, treasury services and asset management. She joins MUFG from JPMorgan Chase Bank, N.A., where she spent 18 years in a variety of senior risk management roles, most recently as Managing Director and Chief Risk Officer for the lead bank, JPMorgan Chase Bank, N.A., and prior to that as the Managing Director and Chief Risk Officer for the Asset Management division. In addition to her tenure at JPMorgan Chase Bank, N.A., Ms. Dellosso worked in risk for Smith Barney Inc., Kidder, Peabody & Co. Incorporated, and The Nikko Securities Co. International, Inc. She holds a B.S. in accounting from St. John’s University.
In her new role, Ms. Dellosso will be responsible for providing strategic direction for risk and credit management for the Americas, including enterprise-wide risk, compliance and business security for MUFG’s operations in the United States, Latin America and Canada. She will manage and ensure implementation of the company’s cyber security, including information, digital, cloud computing and vendor security. She also will oversee the company’s relationships with key regulatory agencies and with compliance procedures.
“I am extremely pleased Donna will be joining our company and look forward to working alongside a leader with such an extensive resume of risk and credit experience,” said Mr. Cummings. “Donna emerged as our top choice after a thorough international search and a rigorous interview process. She will lead a team of 1,400 professionals throughout MUFG in the Americas and is a welcome addition to our team.”
About MUFG Americas Holdings Corporation
Headquartered in New York, MUFG Americas Holdings Corporation is a financial holding company and bank holding company with total assets of $114.3 billion at June 30, 2015. Its principal subsidiary, MUFG Union Bank, N.A., provides an array of financial services to individuals, small businesses, middle-market companies, and major corporations. As of June 30, 2015, MUFG Union Bank, N.A. operated 390 branches, comprised primarily of retail banking branches in the West Coast states, along with commercial branches in Texas, Illinois, New York and Georgia, as well as two international offices. MUFG Americas Holdings Corporation is a wholly-owned subsidiary of The Bank of Tokyo-Mitsubishi UFJ, Ltd. which is a wholly-owned subsidiary of Mitsubishi UFJ Financial Group, Inc., one of the world’s leading financial groups. Visit www.unionbank.com for more information.
About MUFG (Mitsubishi UFJ Financial Group, Inc.)
MUFG (Mitsubishi UFJ Financial Group, Inc.) is one of the world’s leading financial groups, with total assets of approximately ¥264 trillion (JPY) or $2.4 trillion (USD)1, as of March 31, 2015. Headquartered in Tokyo and with approximately 350 years of history, MUFG is a global network with over 1,100 offices in 50 countries. The Group has over 140,000 employees and about 300 entities, offering services including commercial banking, trust banking, securities, credit cards, consumer finance, asset management, and leasing. The Group’s operating companies include Bank of Tokyo-Mitsubishi UFJ, 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. Through close partnerships among our operating companies, the Group aims to “be the world’s most trusted financial group,” flexibly responding to all of the financial needs of our customers, serving society, and fostering shared and sustainable growth for a better world. MUFG’s shares trade on the Tokyo, Nagoya, and New York (NYSE: MTU) stock exchanges. Visit www.mufg.jp/english/index.html.
1 Exchange rate of USD = ¥120.17 (J-GAAP) as of March 31, 2015
©2015 Mitsubishi UFJ Financial Group, Inc. All rights reserved. The MUFG logo and name is a service mark of Mitsubishi UFJ Financial Group, Inc., and is used by MUFG Americas Holdings Corporation with permission.
