Kyota Omori Named Chairman of the Board of UnionBanCal Corp. and Union Bank of California
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UnionBanCal Corporation (NYSE: UB) today announced that Kyota Omori will
succeed Norimichi Kanari as chairman of the board effective July 23,
2008. Kanari, who has served as chairman of UnionBanCal and its
principal subsidiary, Union Bank of California, N.A., since February
2007, is stepping down from his position. Omori, 60, will serve as
non-resident chairman of UnionBanCal and Union Bank of California.
A graduate of The University of Tokyo, Faculty of Law, Omori is the
deputy president for Mitsubishi UFJ Financial Group, Inc. (MUFG), whose
subsidiary, The Bank of Tokyo-Mitsubishi UFJ (BTMU), is UnionBanCal
Corporation’s majority shareholder. During
Omori’s distinguished 36-year career he has
held a number of positions within BTMU, including senior managing
executive officer and chief executive officer for the Americas. He began
his banking career with The Mitsubishi Bank, Ltd. in 1972.
"I am very pleased to welcome Kyota as our new
chairman of the board,” said Union Bank of
California President and Chief Executive Officer Masaaki Tanaka. "Kyota’s
global banking experience and knowledge will be invaluable to our board
of directors and our executive management team.”
Kanari has had a notable career with BTMU and UnionBanCal Corporation.
From May 2005 to April 2008, he served as deputy president and chief
executive officer of the global business unit of BTMU, and from July
2001 to May 2005, he was the president and chief executive officer of
UnionBanCal and Union Bank. He also served as vice chairman of
UnionBanCal and Union Bank from July 2000 to July 2001.
"We have been fortunate to have Norimichi
Kanari serve in a number of capacities for both BTMU and UnionBanCal
Corporation over the years,” Tanaka said. "We
thank him for his valued work and wish him well in his future endeavors.”
Based in San Francisco, UnionBanCal Corporation (NYSE: UB) is a bank
holding company with assets of $57.9 billion at March 31, 2008. Its
principal subsidiary, Union Bank of California, N.A., had 334 banking
offices in California, Oregon, and Washington and 2 international
offices at March 31, 2008. The company's Web site is located at www.unionbank.com.
