Mitsubishi UFJ Financial Group has appointed Junichi Hanzawa as President and Group CEO, effective 1 April 2026, completing a planned leadership transition at Japan's largest banking group. Hironori Kamezawa, President and Group CEO since April 2020, becomes Chairman and remains a member of the Board of Directors. The changes were decided by MUFG's Board of Directors on 16 December 2025, which described them as part of regular changes in corporate executives.
Hanzawa takes over as Japan's largest bank is reporting record profits; Bloomberg reported that his challenge will be sustaining that growth beyond the windfall of rising interest rates.
HANZAWA STEPS INTO THE CHIEF EXECUTIVE ROLE
Hanzawa, who has been President and CEO of MUFG Bank since April 2021, takes charge of a group with about 2,000 locations in more than 40 countries and about 150,000 employees, offering commercial banking, trust banking, securities, credit cards, consumer finance, asset management and leasing. The appointment took effect on 1 April, the first day of MUFG's fiscal year.
A career MUFG insider, Hanzawa joined The Mitsubishi Bank in 1988 and previously served as General Manager of the Corporate Planning Division and as Group Chief Compliance Officer.
KAMEZAWA'S LEGACY AND WHAT LIES AHEAD
Kamezawa's six-year tenure as President and Group CEO spanned the pandemic, the last years of the Bank of Japan's negative interest-rate policy, which ended in March 2024, and the rate increases that followed.
As Chairman, Kamezawa remains a member of MUFG's Board of Directors but is no longer a Representative Corporate Executive.
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