BTMU builds out in Asia

MUFG’s main banking arm is bulking up in Asia Pacific and names two senior hires.

The Bank of Tokyo-Mitsubishi UFJ BTMU said on Wednesday it has named Peter Heidinger co-head of corporate banking across Asia and Oceania.

BTMU, the main banking arm of Mitsubishi UFJ Financial Group, also appointed Frederic Cabay as head of financial institutions coverage in the region April 27.

Over the past year, we have focused our efforts on building and streamlining our corporate banking structure in the Asia and Oceania region,” said BTMU’s CEO for Asia and Oceania Go Watanabe in a statement on the hires.

Japanese banks’ have been rapidly ramping up their lending in Asia Pacific since the global financial...

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