John C. Erickson Advanced to Vice Chairman and Chief Risk Officer of UnionBanCal CorporationJohn C. Erickson (Photo: Business Wi

  
    
  
  
    
      UnionBanCal Corporation (NYSE:UB) today announced that John C. Erickson 
      has been promoted to Vice Chairman and Chief Risk Officer of the 
      Company and its principal subsidiary, Union Bank of California, N.A. His 
      promotion is effective April 1.
    
    
      Erickson succeeds Vice Chairman and Chief Risk Officer Masashi 
      Oka, who has completed his rotational assignment in the United States 
      and is returning April 1 to The Bank of Tokyo-Mitsubishi UFJ (BTMU), 
      where he will assume responsibilities as Executive Officer and General 
      Manager of BTMU’s Corporate & Investment 
      Banking Business Development Division.
    
    
      BTMU is the major shareowner of UnionBanCal Corporation.
    
    
      Erickson, a Senior Executive Vice President, was appointed Deputy Chief 
      Risk Officer last September.
    
    
      In his new role as Chief Risk Officer, Erickson will have several areas 
      of responsibility: Credit Management, Compliance, Enterprise-Wide Risk 
      Management, Bank Secrecy Act, and Financial Intelligence. In addition, 
      he will chair the bank’s Basel II Steering 
      Committee and will be responsible for Corporate Real Estate and Bank 
      Security.
    
    
      “John has demonstrated exceptional 
      effectiveness in improving our compliance and risk management processes. 
      I am confident that with John’s leadership, 
      experience, and resolve we are well-positioned to sustain our compliance 
      efforts and ensure the company’s long term 
      success,” stated Masaaki Tanaka, 
      President and Chief Executive Officer.
    
    
      Oka was appointed Chief Risk Officer in August 2007 and has served on 
      the board of directors of UnionBanCal and Union Bank since 2005. Until 
      his appointment as Chief Risk Officer, Oka served as Vice Chairman of 
      the Administration & Support Group of the Bank.
    
    
      “Masashi has played a key role in building our 
      enterprise-wide risk management culture. He has worked tirelessly to 
      enhance internal compliance controls and processes and to keep our 
      regulators well informed of the progress we’ve 
      made on compliance issues. We thank him for his service, and wish him 
      well in his new assignment,” Tanaka added.
    
    
      Prior to his recent assignments in the Risk Management area, Erickson 
      was responsible for the Commercial Banking and Wealth Management Group, 
      which was comprised of the Commercial Banking, Wealth Management, 
      Capital Markets, National Banking, Commercial Credit Center and 
      Commercial Loan & Trade Services units.
    
    
      Erickson joined the bank in 1983 as a trainee. He later managed 
      syndications and was promoted to Senior Vice President of Corporate 
      Capital Markets before being named Executive Vice President with 
      responsibility for certain wholesale banking areas.
    
    
      Erickson is a member of Union Bank of California’s 
      Executive Management Committee and its CEO Forum, which sets policy for 
      the bank. Erickson will report directly to Masaaki Tanaka.
    
    
      Based in San Francisco, UnionBanCal Corporation (NYSE:UB) is a bank 
      holding company with assets of $55.7 billion at December 31, 2007. Its 
      primary subsidiary, Union Bank of California, N.A., had 330 banking 
      offices in California, Oregon and Washington, and 2 international 
      offices at December 31, 2007. The company's Web site is located at www.unionbank.com.