Linda Cunningham and Jeffrey Storey Join Boards of Directors of MUFG Americas Holdings Corporation and MUFG Union Bank, NA
Ms Cunningham is a former banking regulator who spent more than three decades in the Office of the Comptroller of the Currency (OCC) with roles in banking supervision and corporate risk management. Prior to retiring from OCC, she served as the regulator’s first chief risk officer and headed the enterprise risk management office. For most of her career, Ms. Cunningham was a major bank examiner, overseeing many of the largest and most complex financial institutions operating in the United States.
Mr. Storey is President and CEO of Lumen Technologies, a telecommunications company that provides a variety of integrated services to commercial and residential customers. He has nearly four decades of experience in the telecommunications industry and was previously President and CEO of Level 3 Communications, a global telecommunications provider. Mr. Storey began his career with Southwestern Bell Telephone.
“We are delighted to welcome Linda and Jeff to MUFG during these unprecedented times for our industry and the market at large,” said Executive Chairman Kazuo “Kaz” Koshi. “Linda and Jeff’s decades of combined experience in leading transformational change will help us best position MUFG for the future. Their leadership will help us adapt to an ever-changing market, challenge our competitors and meet regulatory expectations. “
Ms. Cunningham and Mr. Storey will replace the current members of the Board of Directors Ann jaedicke and Barbara rambo, who are retiring from the boards of directors.
Executive Chairman Koshi said, “We also thank Ann and Barbara for their many years of service to the Board and to MUFG. They each helped make our bank the institution it is today, and we are deeply grateful for their many contributions and accomplishments over the years. “
About the U.S. operations of Mitsubishi UFJ Financial Group, Inc., including MUFG Americas Holdings Corporation
The US operations of Mitsubishi UFJ Financial Group, Inc. (MUFG), one of the world’s leading financial groups, have total assets of $ 331 billion at March 31, 2021. As part of this total, MUFG Americas Holdings Corporation (MUAH), a financial holding company, a bank holding company and an intermediary holding company, has total assets of 170 billion dollars at March 31, 2021. The main subsidiaries of MUAH are MUFG Union Bank, NA and MUFG Securities Americas Inc. MUFG Union Bank, NA provides a wide range of financial services to consumers, small businesses, mid-market businesses and large corporations. From March 31, 2021, MUFG Union Bank, NA operated 309 branches, primarily retail bank branches in the West Coast states, as well as commercial branches in Texas, Illinois, new York, and Georgia.
MUFG Securities Americas Inc. is a registered securities brokerage firm engaged in origination transactions in the capital markets, domestic and foreign debt and equity transactions, private placements, guaranteed financings and securities borrowing and lending transactions. MUAH is owned by MUFG Bank, Ltd. and Mitsubishi UFJ Financial Group, Inc. MUFG Bank, Ltd., a wholly owned subsidiary of Mitsubishi UFJ Financial Group, Inc., has offices in Argentina, Brazil, Chile, Colombia, Peru, Mexico, and Canada. Visit www.unionbank.com or www.mufgamericas.com for more information.
About MUFG (Mitsubishi UFJ Financial Group, Inc.)
About MUFG Mitsubishi UFJ Financial Group, Inc. (MUFG) is one of the world’s leading financial groups. Based at Tokyo and with over 360 years of history, MUFG has a global network with approximately 2,600 locations in over 50 countries. The Group has more than 180,000 employees and offers services such as commercial banking, fiduciary banking, securities, credit cards, consumer credit, asset management and leasing. The Group aims to “be the most reliable financial group in the world” through close collaboration between our operating companies and to respond flexibly to all the financial needs of our clients, serving society and fostering shared growth and sustainable for a better world. MUFG shares trade on the Tokyo, Nagoya, and new York scholarships.
For more information visit https://www.mufg.jp/english
T: (212) 782-5953
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