Bank of Tokyo Adviser Joins Union Bank

A top Bank of Tokyo executive has been named chairman of Union Bank, effective Sept. 27.

Jiro Ishizaka, 61, also was elected to the board of the San Francisco bank, effective immediately. Ishizaka most recently was an adviser to the president of Bank of Tokyo, Minoru Inouye.

Union Bank is 77% owned by Bank of Tokyo. Ishizaka’s office will be in Los Angeles, the bank said.

Ishizaka replaces Tamotsu Yamaguchi, who will continue serving as a Union Bank director. Yamaguchi is Bank of Tokyo’s resident senior managing director for the Americas and is chairman of Bank of Tokyo Trust in New York.

Ishizaka started working for Bank of Tokyo in 1951, holding various jobs in Tokyo and New York. He resigned in 1984 to serve as an adviser at Nippon Life Insurance Co., rejoining Bank of Tokyo in June.