IN DEPTH: MUFG seeks deals abroad, harmony at home

MUFG is leading a new charge by Japanese banks overseas. Success hangs on managing foreigners, cross-selling more bonds and creating harmony within the bank.

MUFG’s first foreign board members stood on stage alongside career insiders at the Japanese bank’s annual shareholder meeting, part of its charm offensive to reassure investors it can manage its burgeoning international operations.

The new board members Toby Myerson, a US acquisitions lawyer, and Tarisa Watanagase, a former governor of the Bank of Thailand are supposed to provide the extra skills and experience needed to help crank up MUFG’s expansion into overdrive.

They are also the public face of change at Japan’s largest bank by assets. MUFG, known for its conservatism, is hunting for a commercial bank in the US, another commercial bank...

¬ Haymarket Media Limited. All rights reserved.

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