Mitsubishi UFJ Financial Group (MUFG), the world’s 5th largest bank by total assets held, has just hired Pierre Ferland, as CEO of MUFG Securities Asia.
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Mr. Ferland is a highly experienced top executive, having joined MUFG from Royal Bank of Scotland (RBS), where he has been working since 2001. Mr. Ferland held a multitude of positions during a career at RBS that spanned the better part of the two decades.
RBS Career
His most recent position at RBS was Co-CEO of Capital Resolution for RBS Global. He had been promoted to the position after having occupied the positions of Head of Capital Resolution and Head of Corporate and Institutional Banking in the three years prior to the promotion.
When Mr. Ferland joined RBS in 2001, it was as a branch manager and country executive in Tokyo. His breakthrough began 3 years later, when he was granted his first internal promotion, becoming Global Head of Financial Institutions Management in 2004.
After holding the position for 4 years, Mr. Ferland served for 5 years as Head of Markets for the bank’s Asia Pacific regional operations. The long-standing career at RBS exemplifies an attitude of stability and stamina that likely contributed to his onboarding with MUFG.
Additional Financial Market Experience
Mr. Ferland’s finance career was launched back in 1986, when he joined the National Bank of Canada, holding a 7-year position in the bank’s foreign Exchange and fixed income trading division.
He then remained in the fixed income space, when he was onboarded by Banco Santander’s Tokyo and Singapore branches. In 1997, Mr. Ferland joined NatWest, as Head of Interest Rate Trading, before eventually taking on the role of Head of Trading.
MUFG has made various operational changes, in adapting to the dynamic global financial industry. With regard to its European operations, the company is gearing toward the looming Brexit, zeroing in on Amsterdam as a likely landing spot for its EU headquarters.
