Mitsubishi UFJ Financial Group (MUFG) has named Junichi Hanzawa, 60, currently head of its main banking unit, as its next CEO effective April 1. Outgoing CEO Hironori Kamezawa, 64, will become chairman. As Japan's largest bank enjoys record profits, sustaining growth beyond rising interest rates poses a key challenge.
Mitsubishi UFJ Financial Group (MUFG) announced on December 16 that Junichi Hanzawa, 60, head of its main banking unit, will become the next CEO. He will succeed Hironori Kamezawa, who has led the bank since 2020, effective April 1, 2025. Kamezawa, 64, will transition to the role of chairman.
As Japan's largest bank, MUFG manages assets worth ¥400 trillion ($2.6 trillion) and has posted record profits amid rising interest rates. Hanzawa's primary task will be to maintain this momentum beyond the temporary boost from higher rates.
A lifelong insider, Hanzawa built his career as a corporate staffer, contributing significantly to strategic planning and regulatory affairs. Viewed as a typical Japanese bank leader and a safe choice, his ability to propel the group to new heights will be closely scrutinized.
