UnionBanCal Corp., which owns Union Bank of California, appointed Masaaki Tanaka to succeed Takashi Morimura as president and chief executive.
Morimura is returning to the Tokyo office of parent Mitsubishi UFJ Financial Group Inc., San Francisco-based UnionBanCal said. Tanaka will take over May 24. Chairman Tetsuo Shimura, who also is returning to Japan, will be replaced by former CEO Norimichi Kanari.
