In a departure from Japanese banking practice, Aozora Bank announced Wednesday its next president is coming from rival Sumitomo Trust & Banking Co.
Aozora's appointment of Hirokazu Mizukami, 56, managing executive officer of Sumitomo Trust, takes effect Dec. 1.
At Japanese banks, executives customarily remain with their banks, which are still viewed more as extended families than as employers.
With your current subscription plan you can comment on stories. However, before writing your first comment, please create a display name in the Profile section of your subscriber account page.