Can Japan’s megabanks ignore the devil’s whisper
The CEOs speak out: Sumitomo Mitsui Financial Group
The CEOs speak out: Mizuho Corporate Bank
Mr Kuroyanagi was nearing the end of his stint at the helm of Japan’s largest financial group when he spoke to Euromoney in mid February; he steps down from direct managerial involvement in the commercial bank unit on April 1 but will remain president of the group’s holding company. In this interview with Lawrence White, he and Yasumasa Gomi, head of the group’s investment banking arm, discuss MUFG’s recent past, ambitions in Asia and plans to change its entire corporate culture.
Q: In a 2006 article in a US paper the interviewer quotes you as saying you thought Mitsubishi UFJ Financial Group could one day rival Citigroup in size.
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