December 25, 2018 / 9:24 AM / 8 months ago

Japan's MUFG to promote bank unit chief Mike to president-source

TOKYO, Dec 25 (Reuters) - Mitsubishi UFJ Financial Group is set to name Kanetsugu Mike, the head of its banking unit, as its next president, a source with direct knowledge of the matter said on Tuesday.

Current President Nobuyuki Hirano will become chairman while Mike will also continue to serve as CEO of the banking unit, said the source, who requested anonymity because he was not authorised to discuss the matter.

An spokeswoman for MUFG, Japan’s largest lender, said nothing had been decided.

Reporting by Taiga Uranaka and Taro Fuse; Editing by Chris Gallagher

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