Governor Abbott Meets With Mitsubishi UFJ Financial Group, Inc. Chairman Nobuyuki Hirano in Tokyo, Japan
Governor Greg Abbott today met with Mitsubishi UFJ Financial Group, Inc. (MUFG) Chairman Nobuyuki Hirano in Tokyo, Japan. The Governor expressed his appreciation for the company's investment in Texas and the two leaders discussed potential opportunities for future growth. The meeting is part of Governor Abbott’s week-long economic development trip to Asia. A readout and photo of the meeting can be found below:
Governor Abbott kicked off the meeting with MUFG Chairman Hirano by discussing the regulatory and tax environment that is attracting businesses to Texas, as well as the state's continued efforts to diversify the economy. Governor Abbott thanked Chairman Hirano for working with Texas on the Section 232 steel and aluminum tariffs under the Trade Expansion Act. They went on to discuss MUFG's deep connection with Texas, which dates back to 1961, and the company's growing number of potential clients in Texas. Governor Abbott concluded the meeting by saying he was very pleased with the number of Japanese companies doing business in the Lone Star State.
Nobuyuki Hirano is the President, Group Chief Executive Officer and Chairman of MUFG, as well as the director of MUFG Bank, Ltd. A veteran banker, Hirano started his career more than 40 years ago working at MUFG’s domestic banking branch offices. Hirano later developed his career in Europe and New York, where he held a variety of positions within corporate banking and global strategy planning. Following his return to Japan, Hirano held a number of high-ranking positions in MUFG’s corporate banking and corporate planning divisions. He became the Chairman of the bank in April 2016, and in April 2019, Hirano was appointed the Chairman of MUFG. Hirano has served as a Chairman of the Japan-U.S. Business Council since 2017, an Audit and Supervisory Board member of Toyota Motor Corporation since 2018, and a Director, Audit and Supervisory Committee Member of Mitsubishi Heavy Industries.
Mitsubishi UFJ Financial Group, Inc. is part of the Mitsubishi Group and is the fifth largest bank by assets in the world. MUFG is the largest bank in Japan in terms of market capitalization and assets. As of March 31, 2019, MUFG had approximately 600 business locations in Japan and approximately 1,200 business locations in more than 50 countries.
It is the largest non-Chinese bank group globally and has a balance sheet slightly larger than those of JPMorgan Chase and HSBC Holdings. MUFG is headquartered in Tokyo.