Johannes (Johs) Worsoe Given Expanded Duties and Will Join Executive Management CommitteeJOHANNES (JOHS) WORSOE Union Bank of Ca
January 25 2007 - 10:00AM
Business Wire
Union Bank of California Executive Vice President Johs Worsoe has
been appointed head of the bank�s institutional services and asset
management business lines and has been added to the bank�s
Executive Management Committee, which consists of the bank�s
policy-making officers. Worsoe�s current responsibilities include
overseeing the global markets foreign exchange, global markets
derivatives, UnionBanc investment services, IRA solutions and
UnionBanc insurance services, the parent organization for the
bank�s insurance agencies. With the retirement of Executive Vice
President Piet Westerbeek as head of institutional services and
asset management, Worsoe is now responsible for the majority of the
bank�s non-interest income, fee-generating businesses. Westerbeek,
who has been with the bank some 34 years, is assisting with the
transition. Prior to joining Union Bank of California in 2001,
Worsoe spent six years at Imperial Bank in Los Angeles where he
served as senior vice president and managing director of
international financial services division. Before his tenure there,
he managed the foreign exchange activities for National Bank of
Long Beach, a subsidiary of a major Scandinavian bank. Worsoe also
served as chief investment officer for Eurocom Investments, a
financial services company dedicated to serving Scandinavian high
net worth clients living in Spain and Great Britain. From 1985 to
1991, Worsoe worked in various positions, including the foreign
exchange department, for Vejle, Denmark-based Aktivbanken A/S. A
native of Denmark, Worsoe holds an M.B.A. from the University of
Southern California and a B.A. degree from the University of
Phoenix. He also holds a diploma from the Danish Banking School. In
addition to his duties at Union Bank of California, Worsoe
volunteers in the USC undergraduate mentor program, and is the
treasurer of the Danish American Chamber of Commerce. He is also on
the board of directors of the Boys & Girls Clubs of Hollywood.
Worsoe speaks five languages fluently: Danish, English, German,
French and Spanish. Based in San Francisco, UnionBanCal Corporation
(NYSE:UB) is a bank holding company with assets of $52.6 billion at
December 31, 2006. Its primary subsidiary, Union Bank of
California, N.A., had 321 banking offices in California, Oregon and
Washington, and 2 international offices at December 31, 2006. The
company's Web site is located at www.unionbank.com.
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