Shares of Mitsubishi UFJ Financial Group Inc (ADR) (NYSE:MTU) ended Friday session in red amid volatile trading. The shares closed down -0.06 points or -1.12% at $5.29 with 2.92 million shares getting traded. Post opening the session at $5.32, the shares hit an intraday low of $5.28 and an intraday high of $5.36 and the price vacillated in this range throughout the day. The company has a market cap of $73.57 billion and the numbers of outstanding shares have been calculated to be 14.00 billion shares.
On August 16, 2016 Mitsubishi UFJ Financial Group, Inc. (MUFG), one of the world’s leading financial groups, announced it hired Harvey Colli as a Managing Director to oversee its Transaction Banking business in Latin America.
Colli, who assumes this new role after 15 years in senior positions with JPMorgan Chase and Citigroup, will focus on Latin American and Japanese corporate clients. Based in São Paulo, he reports to Junsuke (John) Koike, MUFG’s Regional Head for Latin America; and Head of Transaction Banking Sales for Asian Corporate Banking, Latin America, and Canada, Martin Nonna.
“Latin America is a vital and fertile region for MUFG’s Transaction Banking business, and that’s why we wanted Harvey for our team,” said Koike. “I’m very confident that his track record of growing businesses, leadership capabilities, and experience working with treasurers and CFOs will prove exceedingly valuable to clients in this burgeoning area of our business.”
Nonna added: “Harvey’s depth of experience in transaction banking and commitment to fostering client relationships will help us continue to expand our business in Latin America. This hiring is part of a long-term investment and commitment of MUFG in the region, where the bank aims to be one of the main providers of off-shore services for the large Latin American companies and of local products for the subsidiaries of Japanese and selected multinational companies that we serve globally.”
Previously, Colli was the head of JP Morgan Chase’s Treasury Services business in Brazil, serving local and multinational clients in the corporate and financial institutions segments. At Citigroup, Colli held a range of positions including the head of the bank’s International Cash Management business, where he had responsibility for the business and its products in Brazil.
Shares of State Street Corp (NYSE:STT) ended Friday session in red amid volatile trading. The shares closed down -0.84 points or -1.19% at $69.70 with 2.87 million shares getting traded. Post opening the session at $70.53, the shares hit an intraday low of $69.70 and an intraday high of $71.00 and the price vacillated in this range throughout the day. The company has a market cap of $26.85 billion and the numbers of outstanding shares have been calculated to be 390.02 million shares.
State Street Corp (STT) on September 9, 2016 announced that it has been named to The Boston Business Journal’s (BBJ) 2016 list of Top Charitable Companies in Massachusetts. The list includes 85 companies that gave at least $100,000 to Massachusetts-based charities in 2015.
In 2015 the State Street Foundation invested nearly $23 million in the communities in which it operates globally, including more than $15 million in Massachusetts. With a primary strategic focus on education and workforce development, in June 2015 the State Street Foundation launched the Boston Workforce Investment Network (Boston WINs), a $20 million commitment to five local and national nonprofit organizations collaborating to advance job readiness and create meaningful career paths for Boston youth.
“We believe it’s our responsibility to take on a strategic and active role in community service,” said State Street Chairman and Chief Executive Officer Jay Hooley. “Our employees have rallied behind this objective, donating more than 100,000 hours of volunteer time in 2015 alone. This honor from the BBJ is a direct reflection of their dedication and commitment to supporting the communities in which they live and work.”