RETAIL BANKING | Staff Reporter, Japan

Bank of Tokyo-Mitsubishi UFJ's CEO to step down

Sources told Reuters that the head of the Bank of Tokyo-Mitsubishi UFJ (BTMU), the core business of Japan's biggest "megabank," has decided to step down for health reasons barely a year into the job.

President and CEO Takashi Oyamada's departure disrupts parent Mitsubishi UFJ Financial Group's meticulous succession planning but is not expected to have an immediate impact on the management of Japan's largest lender by assets.

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