KUALA LUMPUR (Jan 15): Mitsubishi UFJ Financial Group Inc's banking subsidiary in Malaysia, MUFG Bank (M) Bhd (MUFG), announced three new appointments as part of ongoing leadership renewal efforts.

In a statement today, MUFG said that with effect from Dec 21, 2018, Ravi Buchia was appointed as head of MUFG Labuan branch, while Goh Kiat Seng was named head of global corporate banking for MUFG in Malaysia.

"Both Mr Buchia and Mr Goh are internal promotions to their new positions. The third appointment was made on Jan 11, 2019 when the bank appointed Ms Chia Chin Lan as the head of financial institutions group for ASEAN in Malaysia. She will report to Mr. Goh and Mr. Frederic Cabay, global co-head of financial institutions for MUFG, who is based out of Singapore.

"Both Mr Buchia and Mr Goh will report to CEO and president for MUFG Malaysia Mr. Takuma Matsuyama, while Mr Goh will also functionally report to Mr Sanjiv Vohra, head of global corporate banking division for Asia & Oceania region," MUFG said.

MUFG said it has been present in Malaysia for over 60 years. MUFG said it has served as the main intermediary for Japanese investment into Malaysia and established a reputation as a key player in the Islamic finance arena, providing innovative Shariah-compliant solutions in support of a growing number of corporate clients.

Matsuyama said in the statement that Buchia and Goh will take on new appointments that will see them make greater contributions to MUFG’s business in Malaysia.

"With their extensive experience in corporate banking and track records with the bank and in Malaysia respectively, Ravi (Buchia) and (Goh) Kiat Seng are naturally suited to take helm of our business, and I look forward to their support as MUFG Malaysia continues to partner its clients to greater success in the country.

“I also welcome (Chia) Chin Lan to our team, and with her experience in the financial institutions and transaction banking businesses, we look upon her to help grow our client base and strengthen the existing FI relationships in the region," Matsuyama said.