MUFG appoints new head of global corporate banking in Taiwan
Randy Hung will oversee bank's global corporate banking portfolio in Taiwan, brings about 20 years of corporate banking experience
MUFG Bank in Taiwan has appointed Randy Hung as head of global corporate banking for Taiwan. He joins the bank on April 30 and will be based in Taipei.
Hung will oversee the bank’s global corporate banking portfolio in Taiwan, both in terms of enhancing existing client relationships and spearheading new business acquisition. Prior to joining MUFG, Hung was with HSBC Taiwan as its global account manager with the Global Banking Department since 2013. During his tenure with HSBC, he was responsible for arranging solutions for Taiwan-based multinationals and also worked with the Taiwan Desk in Shanghai to pitch cross-border transactions to his clients.
A seasoned banker with about 20 years of corporate banking experience, Hung brings a deep understanding of key sectors in Taiwan from electronics to transportation. After obtaining his MBA degree from National Taiwan University in 1999, Hung started his banking career with local banks including Bank Sinopac and Industrial Bank of Taiwan, the latter of which he focused on originating syndication and securitization deals as a lead arranger.
In 2007, Hung joined Standard Chartered Bank China in Shanghai to lead its Taiwan Desk as well as its Growth Cities Team, where he was responsible for the bank’s Global Corporate business across eight branches in China before returning to Taiwan in 2013.
Hung will report locally to Yuichiro Tanabe, regional head of MUFG Taiwan, and functionally to Tony Lee, MUFG’s newly-appointed head of global corporate banking for East Asia, based in Hong Kong.
Tanabe says, “In recent years, MUFG Taipei has successfully scaled up its business year-on-year and with Randy’s experience, we look forward to further facilitating the growth of local Taiwanese corporates as well as connect them with our regional and global clients.”
Emphasizing the importance of the global corporate banking business for MUFG especially in East Asia, Lee says: “Randy’s appointment reaffirms the importance that MUFG places not only on its global corporate banking franchise in Asia, but Taiwan as a key market for growth.”
MUFG first opened its representative office in Taipei in 1990. It obtained a full banking branch license in Taipei in 1993 and in 2016, MUFG opened its second branch in Kaohsiung. MUFG’s presence in Taiwan serves a single market segment: large corporate banking, with two main sub-segments: major Japanese companies operating and investing in Taiwan and large-scale Taiwanese companies and MNCs operating in Taiwan.
MUFG will continue to leverage its global network to support local Taiwanese enterprises as they invest abroad especially in ASEAN (New Southbound Policy). Through MUFG’s vast experience in offshore wind farm projects in Europe, the bank will also contribute to Taiwan’s fulfilment of its green energy policy.
30 Apr 2019