Virginia Governor-Elect Taps Former MUFG Americas CEO as Finance Chief
(Bloomberg) -- Virginia Governor-elect Glenn Youngkin named Stephen Cummings a former president and CEO of Mitsubishi UFJ Financial Group in the Americas as the state’s secretary of finance.
In February, Cummings announced that he was retiring from the company. MUFG has the biggest overseas operations among Japanese banks, with offices and subsidiaries in more than 50 countries. Cummings oversaw the bank’s sprawling businesses in the Americas, including MUFG Union Bank and MUFG Securities Americas.
“Lowering taxes and restoring fiscal responsibility in Richmond is a primary focus of our Day One Game Plan, and Steve’s experience and expertise will help make sure we deliver real results for Virginians,” Youngkin said in an emailed statement Wednesday.
In recent weeks, Youngkin has been filling out his cabinet ahead of his Jan. 15 inauguration.
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