Domiciled in Tokyo, Senior Managing Executive Officer & Chief Executive of Global Commercial Banking Business Unit and Chief Operating Officer – International (COOI) of MUFG Bank, Ltd.
Qualifications / Education Background
Graduated with an economics degree from Osaka University in Osaka, Japan in 1983, and obtained a Master’s degree in Business Administration from the Booth School of Business, University of Chicago, USA in 1988.
A seasoned banker with over 30 years of experience, Mr. Takayoshi Futae began his career in 1983 at The Sanwa Bank, Ltd., which was a predecessor of the Bank of Tokyo-Mitsubishi UFJ. He worked in the United States for more than 10 years, in its Chicago and New York branches, before returning to Japan to take on more senior roles in structured finance, project and asset based finance, and corporate restructuring. In Japan, he was instrumental in initiating two key business functions for the bank - the Project & Asset-based Financing Division, which today is part of the Structured Finance Division, and the Global Corporate Banking Division, serving the MNCs and the non-Japanese corporates.
In 2016, Mr. Futae relocated to Singapore when he was appointed Chief Executive Officer of MUFG Bank’s Asia & Oceania region and oversaw the bank’s business lines across 13 markets. In July 2017, his scope of responsibilities widened to include East Asia.
A crucial part of his role involved driving collaboration between MUFG and its strategic partner banks in Asia, and Mr. Futae’s appointments on the boards of Thailand’s Bank of Ayudhya and Security Bank Corporation of the Philippines, both of which MUFG has equity stakes in, helped facilitate this responsibility. Mr. Futae has since stepped down from these board duties, but still serves on the Board of Commissioners at Bank Danamon Indonesia, an appointment he has held since November 2018.
Now based in Tokyo, Mr. Futae’s role as head of Global Commercial Banking Business Unit will see him further accelerating synergies among MUFG’s strategic partner banks with MUFG. In his other designation as COO-I, he oversees the safety and soundness of the bank’s global business and operating platforms.
With his extensive experience and expertise accumulated in locations spanning Asia to America, Mr. Futae brings with him a global perspective, versatility and rigour that will be invaluable to any business. His active involvement in strengthening MUFG’s strategic bank network in Asia has also given him a deep understanding of the importance of leveraging synergies between a well-respected local partner and a global financial group for mutual success.