Union Bank Vice Chairman John Erickson to Retire after 30 Years with Company
Will Continue in Advisory Role to CEO Until June 2014
SAN FRANCISCO--(BUSINESS WIRE)-- Union Bank, N.A. today announced that Vice Chairman and Chief Corporate Banking Officer John C. Erickson will retire effective July 15, 2013, after a highly successful 30-year career with the bank. Erickson will continue to serve as an advisor to President and Chief Executive Officer Masashi Oka through June 2014.
In addition to his leadership responsibilities for Corporate Banking, John retires as a member of Union Bank's Executive Committee and as a member of the Mitsubishi UFJ Financial Group (MUFG) U.S. Management Committee, among other responsibilities.
"John has contributed immeasurably to the bank's success over three decades. He has consistently delivered increasing levels of earnings, served unselfishly as a leader and mentor, represented the company ably as a member of not-for-profit boards, and so much more," said Oka. "I'm pleased that John will be an advisor to me for another year."
In 2009, Erickson was appointed Vice Chairman and Chief Corporate Banking Officer, overseeing commercial banking, global treasury management, wealth management, capital markets, and real estate industries. Prior to this appointment, he served as Vice Chairman and Chief Risk Officer, with responsibility for credit, compliance, enterprise risk management, corporate real estate and Basel II activities.
Erickson has served in a wide variety of capacities for Union Bank over the years, mostly leading key business units in areas such as commercial banking, wealth management, capital markets, and national banking.
Erickson joined Union Bank's management training program in 1983 after graduating from the University of Southern California with a bachelor's degree in economics. In 1991, he received an MBA in finance from the University of Southern California.
"It has been a great privilege to work at Union Bank and I have truly enjoyed working with the many talented employees and loyal customers. I look forward to working with my colleagues to ensure a smooth transition, and to maintaining their friendship during my retirement years," said Erickson.
About UnionBanCal Corporation & Union Bank, N.A.
Headquartered in San Francisco, UnionBanCal Corporation is a financial holding company with assets of $97 billion at March 31, 2013. Its primary subsidiary, Union Bank, N.A., is a full-service commercial bank providing an array of financial services to individuals, small businesses, middle-market companies, and major corporations. The bank operated 443 branches in California, Washington, Oregon, Texas, Illinois, and New York as well as two international offices, on March 31, 2013. UnionBanCal Corporation is a wholly-owned subsidiary of The Bank of Tokyo-Mitsubishi UFJ, Ltd., which is a subsidiary of Mitsubishi UFJ Financial Group, Inc. Union Bank is a proud member of the Mitsubishi UFJ Financial Group (MUFG, NYSE:MTU), one of the world's largest financial organizations. In July 2013, American Banker Magazine and the Reputation Institute ranked Union Bank #1 for reputation among its customers. Visit http://www.unionbank.com for more information.
Daniel Weidman, 213-236-4050
KEYWORDS: United States North America California
The article Union Bank Vice Chairman John Erickson to Retire after 30 Years with Company originally appeared on Fool.com.Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.