Sunday, 20 June 2021

MUFG appoints veteran banker Jarvis Tam to spearhead its Mainland Chinese corporate banking franchise

Beijing, 08 June 2021 MUFG Bank, Ltd. has appointed Mr. Jarvis Tam as Deputy Head of China Business Division and Head of China Corporate, for its wholly-owned subsidiary MUFG Bank (China), Ltd. (MUFG China). By taking on this newly-created role, Mr. Tam, whose 30-year tenure with the bank has been dedicated solely to its China corporate banking business, will leverage his extensive experience to enhance the quality and coverage of the bank’s onshore corporate banking franchise.

Mr. Tam’s appointment underscores a longstanding commitment from MUFG towards cultivating internal talent for growth. He has relocated from Hong Kong to Beijing to assume this new appointment, which takes immediate effect. He will report functionally to Mr. Johnson Yuan, Deputy President of MUFG China and Head of China Business Division, as well as Mr. Hideyuki Okamura, Head of MUFG Beijing Branch.

Mr. Tam joined MUFG in 1991 and over the course of his career with the bank, has accumulated extensive experience in supporting corporates of various industries in China, from consumer and industrials to power and utilities, natural resources, TMT, transportation and infrastructure. In May 2018, he was promoted to Managing Director and Head of China Business Group in Hong Kong, assuming overall responsibility for coverage of Chinese corporates with presence in Hong Kong and supervising a team of more than 30 experienced relationship managers.

Mr. Tam’s appointment underscores the increasing importance placed by MUFG in identifying the right talent to spearhead key growth initiatives, in this case its China business strategy.

As the world’s second-largest economy, China plays a crucial part in MUFG’s global network and growth strategy in Asia. The bank’s presence in the country dates back over 60 years and it was incorporated as a local subsidiary of MUFG in 2007. With a branch network spanning 14 cities, MUFG China is fast establishing itself as not just a leading foreign bank within the country, but a leader in the Renminbi (RMB) markets, having been granted access to China’s open market operations and receiving an underwriting license to support non-financial institutions onshore in 2019.

Welcoming Mr. Tam to the MUFG China team, Mr. Yuan, said: We are pleased to have a career banker of Jarvis’s calibre and experience on the MUFG China team. The establishment of a senior role in Beijing to accelerate MUFG’s business franchise in Mainland China is extremely timely in light of the tremendous opportunities arising from the country’s strong recovery from the pandemic, and we look forward to benefiting from Jarvis’s rich experience and deep network of contacts to not only strengthen our onshore coverage team, but to create greater business synergy between our China corporate franchise and MUFG’s unrivalled global and regional network.”

On his appointment, Mr. Tam said: “It has been a great privilege to be a part of MUFG for most of my professional life. Over the course of my career, I have witnessed the remarkable rise of China as an economic powerhouse. Like MUFG, I am fully convinced that the country’s growth journey is just beginning, and look forward to playing a greater role in supporting the growth of our Chinese corporate clients domestically and overseas.”

Re-disseminated by The Asian Banker