Mitsubishi UFJ Financial Group appointed Neal Holland CFO of MUFG Americas Holdings and its primary banking subsidiary, MUFG Union Bank, effective June 1.
Holland will succeed Johannes Worsoe, who has served as CFO since 2016 and who announced his decision to leave the bank in February. Worsoe, who has been with the company for 20 years, will stay on through July 15 to ensure a smooth transition.
As CFO, Holland will lead financial management for the Americas and will be responsible for corporate treasury, corporate finance, financial planning and analysis, procurement, accounting, and risk management. He will be a member of the executive committee for the Americas and report to Kevin Cronin, president and CEO of MUFG Americas Holdings and MUFG Union Bank.
“I’m pleased to welcome Neal to our executive leadership team at such a pivotal time for MUFG’s Americas region,” Cronin said. “Neal is a high-impact financial executive whose broad knowledge of MUFG, given his 13-year tenure with the bank, will enable him to hit the ground running and provide unique perspectives as we accelerate our strategic plan to achieve stronger financial results.
“Over the last 20 years, [Johannes] has had a tremendous impact on our business, our culture and the communities we serve. His steadfast commitment to MUFG and to the colleagues he has led are what make him a highly respected executive. I will miss his counsel and leadership but wish him well as he embarks on a new chapter in his career.”
Most recently, Holland served as Union Bank CFO and deputy CFO of MUFG Americas Holdings after serving as controller and chief accounting officer. Since joining the company in 2008, Holland has held several roles, including head of financial planning and analysis, CFO of the regional bank and head of retail finance and strategy.
From 2004 to 2007, Holland held several executive roles in finance at Countrywide Bank, including executive vice president of the direct bank and executive vice president of finance. Prior to Countrywide, Holland was an auditor and senior consultant in the global capital markets group at Deloitte & Touche. Holland holds a CFA charter and is a Certified Public Accountant.
The U.S. operations of MUFG had total assets of $344 billion at Dec. 31, 2020.