Sell or transform - Director Union Bank Employee Review

Shrinking business, absence of any strategy and extremely poor senior management at the regional bank. Executive management at the regional bank is disconnected from reality. Top team comprises Regional Bank CEO's old colleagues who lack the skills and capabilities but continue to fleece the organization. Unfortunately, the top management at MUFG is too soft and has a very nonchalant, hands off approach to the Union Bank business. Union Bank management is dominated by former Countrywide executives who are completely clueless about what to do and the results speak for themselves. Recent hires to build new products are poor quality, have not delivered and all product launches and enhancements are way behind schedule. Just a matter of time before any high quality professionals who are still there leave.