, China

MUFG China appoints new deputy president

Johnson Yuan takes over from Liu Lihong, who is transferring to Japan.

MUFG Bank has appointed Johnson Yuan as deputy president of its wholly-owned subsidiary MUFG Bank (China), in addition to his current role as the head of China Business Division.

In a press release, MUFG said that Yuan will help oversee the business and operations of the bank across  its14 locations in China.

Yuan takes over the role from Liu Lihong, who will be transferring to Japan to take on a new position.

In his new role, Yuan will continue to be based in Shanghai and will report to Kenichi Yamato, President of MUFG China and Tony Lee, MUFG’s Head of Global Corporate & Investment Banking for East Asia.

MUFG Bank (China)’s new deputy president first joined MUFG in January 2020 and was reportedly responsible for driving and deepening their corporate banking portfolio, comprising local and global corporates, Chinese state-owned and privately-owned enterprises as well as financial institutional clients, the bank said.

MUFG China has recently been granted access to China’s open market operations and receiving an underwriting license to support non-financial institutions onshore in April and September 2019, respectively.

“As MUFG embarks on its new three-year business plan, China will undoubtedly play a key part in our regional and global growth strategies, and we look forward to have a banker of Johnson’s caliber and experience drive and deepen our China business and also increase its visibility and prominence across our global network,” MUFG China president Yamato said in the press announcement.

Photo courtesy of MatthewHanzel (Wikimedia Commons)

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