Mitsubishi UFJ Financial Group (MUFG) appointed Neal Holland as Chief Financial Officer for MUFG Americas Holdings Corporation and its primary banking subsidiary MUFG Union Bank, N.A., effective June 1. The U.S. operations of MUFG had total assets of $344 billion at Dec. 31, 2020.
Holland will succeed Johannes "Johs" Worsoe, who has served as CFO since 2016 and in February announced his decision to leave the bank to pursue the next chapter in his career. 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 will report to Kevin Cronin, President and CEO of MUFG Americas Holdings Corporation 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," said Cronin. "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."
Cronin continued, "Over the last 20 years, Johs 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 Corporation after serving as Controller and Chief Accounting Officer. Since joining the company in 2008, Holland has held several key roles, including head of Financial Planning and Analysis, CFO of the Regional Bank and head of Retail Finance and Strategy.
From 2004 to 2007, he 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, Mr. Holland was an auditor and senior consultant in the Global Capital Markets group at Deloitte & Touche, LLP. Holland holds a CFA charter and is a Certified Public Accountant. He graduated cum laude from the University of Washington with B.A. in Business Administration.