UPDATE 1-Japan Post taps ex-Citibank Japan chairman as bank unit head

April 23, 2015 11:12 AM

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TOKYO, April 23 (Reuters) - Japan Post Holdings Co named former chairman of Citibank Japan Masatsugu Nagato president of Japan Post Bank ahead of planned IPOs by the state-owned mail and financial giant and its two subsidiaries later this year.

Nagato, 66, is scheduled to become president of Japan Post's banking unit on May 11 pending approval at a shareholder meeting on the same day, the company said on Thursday.

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