Mitsubishi UFJ Financial Group (MUFG) has hired Alan Verschoyle-King to the newly-created position of head of cash and liquidity management for Emea.
Verschoyle-King will lead in planning and delivering the bank’s strategy for its cash and liquidity management business, providing a full suite of products and services for clients across the region.
Based in London, Verschoyle-King joins MUFG’s 60-strong Emea transaction banking team and reports to Takaaki Kato, deputy head of transaction banking for Emea.
Verschoyle-King moves to MUFG from Western Union Business Solutions, where he had served as global head in its financial institutions and corporate partners group since October 2017.
Prior to Western Union, Verschoyle-King held multiple roles at BNY Mellon for just under 12 years, including global head of sales and relationship management and head of Emea, treasury services from 2011 to 2017.
Verschoyle-King has also served in senior positions, including head of transaction banking for Emea, at ABN Amro and Bank of America.
Michael Hogan, head of transaction banking for MUFG in Emea, says: “Alan will play an important role in the wider team as we further strengthen our capabilities and his wide-ranging experience in global business leadership will certainly prove to be a compelling asset as we continue to grow and become even more relevant to our clients.”
Verschoyle-King adds: “MUFG is fully committed to a business strategy of client focus, targeted investment and technological innovation, and I’m delighted to have been invited to contribute to the successful delivery of that business strategy.”