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Connecting clients, portfolio companies is next for Japan’s MUFG in Asia-Pacific

Connecting clients, portfolio companies is next for Japan’s MUFG in Asia-Pacific

By Kim Browne

Culture

Leveraging stakes in banks in Indonesia, Thailand, Vietnam and the Philippines enables MUFG to extend more support to its customers

The appointment of Nobuya Kawasaki as chief executive for the Asia-Pacific at MUFG is a homecoming of sorts, with him having spent seven years – from 2013 to 2020 – in Singapore leading the investments team at the Japanese financial services group.

Notable startups that MUFG took stakes in during his tenure include Grab, Indonesia-based digital lender Akulaku and Netherlands-based lender Home Credit, which also has operations in the Philippines and Indonesia.

“Since this April, I am also responsible for MUFG’s global corporate (clients) and Japanese corporate (clients). I am now trying to connect our traditional customer base and our new customer base, as there is a lot of potential to grow in this area,” Kawasaki told The Business Times.

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Originally published by businesstimes.com.sg. Syndicated material does not necessarily reflect the views of Grazia British.

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