Mitsubishi UFJ Financial Group, Inc.’s banking arm, the Bank of Tokyo-Mitsubishi UFJ, Ltd. (MUFG) announced the appointment of Ms. Marie Diana Lynn Coronel-Singson as Head of Global Corporate Banking for its Manila Branch. Ms. Singson joins the bank today, and is based in Manila.
Ms. Singson will be responsible for deepening market penetration amongst existing clients as well as identifying and developing new client businesses for the bank in the Philippines.
MUFG has been operating in the Philippines for more than 60 years, and has served as the main banker for many Japanese corporates operating here. With the increasing collaboration with Security Bank Corporation, of which MUFG has a 20% stake in, MUFG’s Manila Branch has been serving the financial needs of a growing number of Filipino corporates and institutions.
“In recent years, we have gained good traction and deepened our presence and network by developing strong relationships with many local and regional corporates in the Philippines. Given her wealth of experience, we expect Diane to drive our business to the next level,” said Mr. Sanjiv Vohra, General Manager of the Global Corporates for Asia and Oceania region in Singapore. Mr. Vohra joined MUFG last September and was Citibank’s Country Head for Philippines and Guam from 2006 to 2013.
Prior to joining MUFG, Ms. Singson was the concurrent Head of Standard Chartered Philippines’ Financial Markets and Financial Markets Sales, where she was responsible for the bank’s management and governance of the financial markets business in the Philippines.
She started her 20-year tenure with Standard Chartered Bank in the Philippines with Financial Markets (Treasury) in 1996 and was in charge of setting up the Sales Desk. Ms. Singson then moved on in 2005 to become Head of Financial Institutions and Corporate & Institutional Clients (CIC), managing and driving the FI business for the bank.
In her earlier career, she had been with Philippine Commercial International Bank (PCIBank) for 5 years with Treasury Marketing, responsible for marketing foreign exchange hedging products to the corporate clients of the bank.
Ms. Singson graduated with a Bachelor’s Degree (Dean’s Medalist) in Business Economics from the University of the Philippines Diliman in 1984.
Asia & Oceania remains vital to MUFG’s global business, primarily because of the increasing cross-border trade and investments by many corporates in this region. The Philippines is an integral part of the bank’s regional strategy and this appointment is testament to the importance of the market.
The bank has been transforming its business model for the region over the past couple of years and has strengthened the team as well as its capabilities so as to support the growing number of international corporates and financial institutions that want to expand in Asia.