TOKYO, May 24 (Reuters) - Mitsubishi UFJ Financial Group Inc on Wednesday said Takashi Oyamada, chief executive of core banking unit Bank of Tokyo-Mitsubishi UFJ (BTMU), would step down on June 14.
Japan’s largest lender by assets named BTMU Deputy President Kanetsugu Mike as Oyamada’s successor. It did not give a reason for the change.
Sources told Reuters on Tuesday that Oyamada was stepping down for health reasons, barely a year after assuming the role.
Reporting by Taiga Uranaka; Editing by Chris Gallagher