BTMU appoints first foreign executive officer

Bank of Tokyo-Mitsubishi UFJ BTMU, which is on a push to increase its overseas market share, has appointed Randy Chafetz to be its first non-Japanese executive officer.

He will relocate to Tokyo from New York, where he has been head of corporate and investment banking for the Americas since 2008. The new appointment gives him responsibility for BTMU’s global corporate and investment bank, outside Japan.

Chafetz will report to Takashi Morimura, deputy president and chief executive of BTMU’s global business unit, and Takahiro Yanai, managing executive officer.

“Chavetz has helped lead BTMU in the Americas to...