The Bank of Tokyo-Mitsubishi, a leading commercial bank, will promote Vice President Satoru Kishi to the post of president to replace current President Tasuku Takagaki, the bank announced Friday.

The change is effective from Jan. 1, 1998, when Takagaki will become the bank’s chairman. He will replace present Chairman Tsuneo Wakai, who is retiring from the post to become a counselor for the bank.

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