Market Overview

Richard Rizzo Joins Union Bank to Lead National Corporate Banking Expansion in the Northeast

LOS ANGELES--(BUSINESS WIRE)--

Union Bank, N.A., today announced that Richard J. Rizzo, Jr., has joined the company as senior vice president and regional director of mid-corporate banking for the Northeast region. He will be based in the bank's New York corporate office.

Richard Rizzo (Photo: Business Wire)

Richard Rizzo (Photo: Business Wire)

Rizzo will oversee expansion of the bank's corporate banking services into the Northeast region focusing on key markets such as New York, Boston, Philadelphia and Washington, D.C. The effort will target companies based from Maine to the Carolinas with revenues ranging from $500 million to $2 billion. Union Bank offers a wide range of services to meet corporate growth and expansion initiatives, including senior credit facilities, debt and equity capital markets, foreign exchange and interest rate hedging, global treasury management, and trade services.

“Rich's substantial experience in corporate banking, with a key focus on building a team of experienced bankers and deepening client relationships, is key to our success in this market,” said Chris Freeman, Union Bank senior vice president and head of national corporate banking.

Rizzo's extensive career spans capital markets, corporate banking and wealth management/private banking and includes leadership positions at prominent institutions such as Wells Fargo, Citigroup, and Bank of America. He is a member of the Association for Corporate Growth (ACG) and recently served on the MidAtlantic board of Teach for America in Philadelphia. He received a bachelor's degree in accounting and marketing from Boston College.

About UnionBanCal Corporation & Union Bank, N.A.

Headquartered in San Francisco, UnionBanCal Corporation is a financial holding company with assets of $88.2 billion at September 30, 2012. Its primary subsidiary, Union Bank, N.A., is a full service commercial bank providing an array of financial services to individuals, small businesses, middle-market companies, and major corporations. The bank operated 402 branches in California, Washington, Oregon, Texas, Illinois, and New York as well as two international offices, on September 30, 2012. UnionBanCal Corporation is a wholly-owned subsidiary of The Bank of Tokyo-Mitsubishi UFJ, Ltd., which is a subsidiary of Mitsubishi UFJ Financial Group, Inc. Union Bank is a proud member of the Mitsubishi UFJ Financial Group (MUFG) (NYSE: MTU), one of the world's largest financial organizations. Visit www.unionbank.com for more information.

Union Bank, N.A.
Joanne Curran, 213-236-5017
joanne.curran@unionbank.com

 

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