MUFG Bank has appointed Mick Wang as its managing director, head of China business division (CBD) coverage and deputy head of CBD for its wholly owned subsidiary MUFG Bank (China), with responsibility for leading MUFG China’s non-Japanese client coverage teams to maximize growth of its corporate banking portfolio, comprising local and global corporates, Chinese state-owned enterprises and financial institutional clients.
Wang, who joins from Citibank and is based in Shanghai, is the latest addition to MUFG China’s global corporate and investment banking (GCIB) senior management team. He reports to Benjamin Lam, who joined MUFG China recently as head of GCIB, China, and head of CBD.
Wang has close to 20 years of coverage banking experience, predominantly in mainland China but also in Hong Kong, Vietnam and Singapore. He spent most of his career with Citibank and, prior to joining MUFG, was Citibank’s head of diversified industrials, corporate banking in China, where he led the bank’s top-tier local corporate coverage team in charge of sectors ranging from auto, transportation and logistics, metals and mining, to capital goods and infrastructure.
Wang also took on a senior role with Sumitomo Mitsui Banking Corporation in Beijing between 2018 to 2021, where he led its coverage banking team in North China managing local corporate and non-Japanese multination corporate subsidiary relationships.
“In addition to his wealth of knowledge in corporate and institutional banking, Wang brings to this position a deep pool of experience in cultivating and managing relationships with China’s leading companies and financial institutions, which will be invaluable as we accelerate our efforts to develop our banking franchise in China,” says Tony Lee, MUFG’s head of global corporate banking and co-head of investment banking for East Asia. “China is an important powerhouse on the global arena and serves as a cornerstone of MUFG’s Asia network and regional business strategy.”
