Tasuku Takagaki
Profile
Performance in office
Tenure
Tenure
Background
He joined The Bank of Tokyo in April 1953. He became its President in June 1990, leading for nearly six years a bank whose strengths lay in overseas offices and foreign exchange. He never worked at Mitsubishi Bank, and became the first President of The Bank of Tokyo-Mitsubishi from the merger partner's side.
Selection
With the merger on April 1, 1996, he became the first President of The Bank of Tokyo-Mitsubishi. The surviving company was Mitsubishi Bank and the merger ratio was 1 to 0.8, a combination in which Mitsubishi Bank was the senior partner in both size and form. Even so, the presidency went to Takagaki of the former Bank of Tokyo, and Tsuneo Wakai, President of the former Mitsubishi Bank, became Chairman. This was not a rescue reorganization but an integration of two healthy banks seeking complementarity, and the appointments followed that framework.
Initiatives
The new Bank of Tokyo-Mitsubishi had total assets of about ¥72 trillion, making it the world's largest bank at the time. Mitsubishi Bank, strong in its domestic branch network, and The Bank of Tokyo, strong in overseas offices and foreign exchange, had little business overlap, and complementarity was the reason for the merger. Whereas later bank reorganizations in Japan leaned toward rescues, this merger joined two relatively healthy banks. Takagaki stepped back to Chairman in January 1998, after less than two years as President.
Career
Career
Bank of Tokyo
| Date | Position |
|---|---|
| Apr 1953 | Joined |
| Jun 1990 | President |
Bank of Tokyo-Mitsubishi
| Date | Position |
|---|---|
| Apr 1996 | President |
| Jan 1998 | Chairman |
| Jan 1998 | Stepped down as President |