MUFG’s next CEO Hanzawa seeks growth to close gap with global rivals
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Junichi Hanzawa will become the CEO of Mitsubishi UFJ Financial Group (MUFG) on April 1, succeeding Hironori Kamezawa, who will become chairman. Hanzawa aims to sustain MUFG's growth amid rising interest rates and close the gap with global rivals by focusing on growth strategies in Asia and the US. MUFG's profits have been boosted by higher domestic interest rates and gains from cross-shareholdings sales. The bank is also expanding abroad, including a potential investment in Shriram Finance. Hanzawa's leadership will be closely watched for further elevating MUFG's global standing.
Source: Businesstimes The copyright of this article belongs to the original author/organization.
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