The Japanese Bankers Association will appoint Fuji Bank President Yoshiro Yamamoto as its new chairman at a board meeting next week, association officials said.
Yamamoto, 64, will succeed Sumitomo Bank President Yoshifumi Nishikawa, whose term expires next spring, the officials said late Thursday.
He is expected to become chairman and cochief executive officer of Mizuho Holdings Inc., a joint holding company to be formed Sept. 29 by Fuji, Dai-Ichi Kangyo Bank and Industrial Bank of Japan.
The three banks will be placed under the control of the holding company and their shares will be delisted from stock exchanges.
The appointment was agreed at a meeting between the association chairman and vice chairmen earlier in the day, the officials said.
Yamamoto will assume the post after the JBA’s annual meeting in April, they said.
The JBA, established in 1945, groups 145 banks in Japan, including two foreign banks — Chase Manhattan Bank and Citibank N.A. It has 40 associate member banks, including 29 foreign banks.
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