THE Bank of Tokyo-Mitsubishi UFJ, Ltd. (BTMU) announced the appointment of an experienced local corporate banker as head of global corporate banking for its Manila branch.
The newly created role in the banking arm of Mitsubishi UFJ Financial Group Inc.(MUFG) was given to Melina Concha, who was the country head of HSBC Philippines Commercial Banking from August 2012 to April 2016.
Prior to joining MUFG, she held other leadership roles over her 20-year tenure with HSBC, including being senior vice president for Large Corporates and concurrently for Financial Institutions and Public Sector Group.
Concha will report to Tadahiro Miyamoto, general manager of Manila Branch, and Yoshitake Manabe, general manager of the Global Corporate Banking for Asia and Oceania region.
“With Ms. Concha onboard our leadership team, we can expect her to work collaboratively with the team across Asia and Oceania for business development and grow our market share here in the Philippines,“ Miyamoto said in an official statement.
MUFG has been operating in the Philippines for more than 60 years, and has served as the main banker for many Japanese corporates operating in the country.
“Over the recent years, we have started to deepen our presence and network with many local and regional corporates.
“We expect to grow our global corporate banking business here in the Philippines and in the region. Given her depth of experience, Ms. Concha is ideally placed to lead our global corporate banking team in the Philippines and drive the business to the next stage of our development,” Miyamoto added.
BTMU is Japan’s premier bank, with a global network spanning close to 50 countries. Outside of Japan, BTMU offers an extensive scope of commercial and investment banking products and services to businesses, governments and individuals worldwide.
BTMU’s parent, MUFG, is one of the world’s leading financial groups with total assets of ¥286 trillion, or $2.4 trillion, as of end-March 2015.
MUFG’s services include commercial banking, trust banking, securities, credit cards, consumer finance, asset management and leasing.
The Japanese bank also holds a 20-percent stake at the Dy family-led Security Bank.