Attorney Yoshihiko Okuno is expected to succeed Akio Kioi as president of the Resolution and Collection Corp.
Sources said RCC has already entered into talks with the Financial Services Agency and other parties concerned on a successor to Kioi, who will resign soon as head of the government-backed loan collection body.
Okuno, 67, will join RCC as early as January and become its president next spring.
A veteran corporate troubleshooter, Okuno is best known for his work as court-appointed trustee to oversee the restructuring of Japan Leasing Corp., which collapsed with debts totaling as much as 2 trillion yen. Japan Leasing was one of three nonbank affiliates of the former Long-Term Credit Bank of Japan.
Kioi, who has been in his post for almost 4 1/2 years, has been credited with spearheading an aggressive corporate rehabilitation campaign and other efforts to turn RCC into a viable entity.