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Denise DeMaio

Chief Audit Executive and Executive Officer of MUFG Bank


Denise DeMaio is responsible for ensuring an effective Third Line of Defense for MUFG Combined U.S. Operations and MUFG Americas Holdings Corporation through the development and execution of MUFG America’s Internal Audit Plan and administrative oversight over Credit Review activities, Global Financial Crimes (GFC) Audit and Global Audit Transformation (GAT). She leads almost 400 team members who serve as trusted partners and leaders in identifying and mitigating risks for MUFG Americas.

Denise has built a reputation for delivering strategic results, teambuilding and developing talent. During her more than 25-year career, Denise has been responsible for the development and execution of internal audit practices and strategies for corporations in the U.S. and abroad.

Prior to joining MUFG, Denise served as Executive Vice President, Chief Auditor of TD Bank. In addition to leading a team of 150 internal audit professionals, she helped build future leaders through her work on the Women in Leadership Executive Committee. Denise joined TD Bank from Protiviti, Inc., where she served as Director of Internal Audit Services, with responsibility for the internal audit practice for financial services in the Midwest. Before Protiviti, Inc., Denise served as Group Senior Vice President, Audit Director for ABN AMRO/LaSalle Bank Corporation based in Amsterdam for more than eight years. Denise was responsible for the entire audit activity in Europe, and during her tenure was responsible globally for the audit of all corporate functions and SOX testing for the Group Audit Division. She started her career with Ernst & Young LLP in Chicago.

A Certified Public Accountant and Certified Risk Professional, Denise earned her Bachelor’s Degree from Northern Illinois University and Master of Business Administration from Kellogg School of Management at Northwestern University.  Additionally, she is a member of the Institute of Internal Auditors Financial Services Advisory Board.

Denise proudly serves as Executive Sponsor of the firm’s Pride Alliance ERG whose mission is to support, strengthen, and collaborate with lesbian, gay, bisexual, transgender, queer, and ally communities. 

She and her husband, Peter, live in New Jersey and have two children.