Printer Friendly

CHEMICAL BANK ANNOUNCES NEW CHIEF INVESTMENT OFFICER FOR ITS JAPANESE TRUST BANKING SUBSIDIARY

 NEW YORK, Dec. 1 /PRNewswire/ -- Chemical Bank announced today that it has appointed Masamichi Ohtani as Chief Investment Officer of Chemical Trust & Banking Co., Ltd. (Japan), its Tokyo-based trust banking subsidiary. Mr. Ohtani will succeed Tomoaki Shibata, who retires in February next year.
 Mr. Ohtani, 51, joins Chemical Trust from Mitsui Trust & Banking Co., Ltd., where he has worked since his graduation in 1965 from Japan's Hitotsubashi University.
 During his career at Mitsui Trust, Mr. Ohtani held several senior-level investment management positions. From 1982 to 1988 he was Deputy Managing Director of Mitsui Trust Bank (Europe) S.A., based in Brussels. Upon his return to Tokyo he was named General Manager of Mitsui Trust's Investment Management Division, a post he held until 1991, when he became the bank's General Manager for Pension Fund Investment. For the last year he has served as General Manager of Mitsui Trust's Economic and Industrial Research Division.
 Chemical Trust & Banking Co., Ltd. is one of nine foreign-owned trust banks operating in Japan, the unit specializes in providing investment management services to corporate and institutional investors. Currently, the company has approximately $6.5 billion of trust assets outstanding of which $1.5 billion are managed on a discretionary basis.
 -0- 12/1/93
 /CONTACT: John Meyers, in New York, 212-270-7454, or Shohei Yamada, in Tokyo, 81-3-3214-9585, both of Chemical/
 (CHL)


CO: Chemical Bank ST: New York IN: FIN SU: PER

WB-TW -- NY056 -- 9250 12/01/93 12:02 EST
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Dec 1, 1993
Words:243
Previous Article:ALUMAX PAYS DIVIDEND ON PREFERRED
Next Article:ENEX RESOURCES CORPORATION ANNOUNCES 27% INCREASE IN CASH DIVIDEND
Topics:

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters