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Former MUFG Americas President and CEO Named Virginia Finance Secretary

December 28, 2021, 08:07 AM
Filed Under: Industry News

Virginia Governor-Elect Glenn Youngkin announced he has chosen Stephen Emery Cummings to serve as the next Secretary of Finance of the Commonwealth of Virginia. Cummings, a leader in finance in the United States and abroad, and most recently President and CEO of Mitsubishi UFJ Financial Group (MUFG) in the Americas, will join the Youngkin Administration as the Commonwealth’s next Secretary of Finance.

Prior to his role at MUFG, Cummings served as Chairman of UBS’s Investment Banking division in the Americas, served as Global Head of Corporate and Investment Banking at Wachovia Bank and at Bowles Hollowell Conner & Co. where he was Chairman and Chief Executive Officer.

“Lowering taxes and restoring fiscal responsibility in Richmond is a primary focus of our Day One Game Plan, and Steve’s experience and expertise will help make sure we deliver real results for Virginians. Steve shares my vision of respecting Virginians’ hard-earned tax dollars and ensuring the Commonwealth’s budget is managed effectively and efficiently, and he has the skillset and leadership qualities that our team needs to make Virginia the best place to live, work and raise a family,” said Youngkin.

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