MUFG, the Japan-headquartered financial services group, has made further top-level changes to its management.

The international securities business of MUFG has made key changes to its senior leadership team in Asia, adding to an appointment made earlier this week at its operations in Hong Kong.

Trent Hagland, head of Asia and chief executive, Mitsubishi UFJ Securities (Hong Kong), is stepping down from these positions and returning to Australia for personal reasons. Hagland has been in Hong Kong in his latest role for four years and at the firm for seven years; he joins the board of directors as a non-executive director for Mitsubishi UFJ Securities (Hong Kong) and for Mitsubishi UFJ Securities (Singapore), effective 29 April.

Yasutaka Suehiro, a 28-year veteran of MUFG and the current deputy CEO, Mitsubishi UFJ Securities (USA), will transition to the Asia team to take on Hagland's vacated role and will be based in Hong Kong.

“Trent’s departure is a disappointment but I am pleased that Trent has accepted a position as a non-executive director of the board. Our business in the region has developed significantly under his leadership and, in this new capacity, he can continue to help set the strategic direction and maintain oversight of the business he helped to build," said Takami Onodera, chairman, board of directors, Mitsubishi UFJ Securities (Hong Kong), and chairman of Mitsubishi UFJ Securities (Singapore).

Earlier this week, Mitsubishi UFJ Securities named Rick Mattila as managing director, international head of research. He is relocating to join the company in Hong Kong.