MUFG Bank has appointed Richard Yorke to the newly-created position of head of global corporate and investment banking (GCIB), Asia Pacific.
Yorke will be responsible for the bank’s GCIB business across the Asia region, spanning Asean, South Asia, East Asia and Oceania. The new position brings together the bank’s pan-Asian corporate banking coverage and solutions businesses under a single leadership.
Based in Singapore, Yorke will report to Randall Chafetz, deputy CEO of GCIB and head of global corporate and Makoto Kobayashi, head of the financial solutions group. At a regional level, he will also report to Noriaki Goto, the newly-appointed regional executive for Asia.
Yorke joins from Wells Fargo, where he had been since 2010, most recently as executive vice-president and COO of the wholesale banking group in San Francisco.
Yorke previously spent 20 years at HSBC in a variety of roles, primarily in Asia. From 2005 to 2010, he served as president and chief executive of HSBC Bank China, in Shanghai.
Of the appointment, Chafetz says: “Richard is a highly experienced banker with a well-balanced approach to the CIB business and will immediately add value to our platform. His addition to our Asia leadership team underscores our commitment to enhancing our ability to provide comprehensive and sophisticated solutions to our global corporate client base as well as further evidences MUFG’s ability to attract top talent to highly visible global roles.”