BTMU appoints first foreign executive officer

Japan’s biggest lender transfers Randy Chafetz from its US business to lead global expansion.

BTMU appoints first foreign executive officer
Japan's biggest bank is aiming to expand overseas

 

Bank of Tokyo-Mitsubishi UFJ BTMU, which is on a push to increase its overseas market share, has appointed Randy Chafetz to be its first non-Japanese executive officer.

He will relocate to Tokyo from New York, where he has been head of corporate and investment banking for the Americas since 2008. The new appointment gives him responsibility for BTMU’s global corporate and investment bank, outside Japan.

Chafetz...

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