San Francisco-based UnionBanCal Corporation and its primary subsidiary Union Bank have appointed Mark Midkiff as Deputy Chief Credit Officer. He will report to Senior Executive Vice President and Chief Credit Officer Bruce Cabral.
Masaaki Tanaka, President and CEO of Union Bank, said: “Effective credit portfolio management is an integral part of Union Bank’s culture and it will be one of the most important drivers of our future growth. I am very pleased that Bruce and Mark will work side-by-side in the coming months to ensure continuity in our credit management division.”
Mr. Midkiff joins Union Bank after a 25-year career with Wachovia Corporation, where he most recently served as Executive Vice President and Chief Risk Officer of the General Banking Group. He was responsible for establishing a comprehensive risk management framework and providing strategic direction for the credit portfolio and special assets teams.
John Erickson, Vice Chairman and CRO, said: “With his proven success in risk management, credit administration and corporate banking, Mark is a strong addition to Union Bank.”
UnionBanCal is the 16th largest commercial bank holding company in the US. Its primary subsidiary, Union Bank, is a full-service commercial bank providing an array of financial services to individuals, small businesses, middle-market companies, and major corporations.
