|Day's Range||0.00 - 0.00|
|52 Week Range|
|PE Ratio (TTM)||10.31|
|Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Mitsubishi UFJ Financial Group Inc said Takashi Oyamada, chief executive of its core banking unit, would step down for health reasons, disrupting a well-planned succession plan at Japan's largest lender by assets. Oyamada, 61, took over the helm at Bank of Tokyo-Mitsubishi UFJ (BTMU) in April last year and was widely seen as successor to MUFG CEO Nobuyuki Hirano.
Takashi Oyamada, one of the top executives at Japan’s Mitsubishi UFJ Financial Group Inc., is stepping down for health reasons, said people with knowledge of the matter.
The head of the Bank of Tokyo-Mitsubishi UFJ (BTMU), the core business of Japan's biggest "megabank," has decided to step down for health reasons barely a year into the job, sources told Reuters on Tuesday. President and CEO Takashi Oyamada's departure disrupts parent Mitsubishi UFJ Financial Group's (MUFG) meticulous succession planning but is not expected to have an immediate impact on the management of Japan's largest lender by assets. The MUFG board is expected to name Deputy President Kanetsugu Mike as Oyamada's replacement on Wednesday, said the sources, one of whom was involved in the decision and two of whom were briefed on the change.