Union Bank announced the appointment of Mr. Nirvana Chaudhary as the Chairman of Union Bank with effect from 21 December 2023. Mr. Chaudhary was appointed as a Non-Executive, Non-Independent Director to the Union Bank Board in October 2023. Mr Chaudhary has extensive experience as a business leader and is presently the Managing Director of CG Capital Partners Global Pte Ltd and Chairman of several companies within the global conglomerate CG Corp Group of Nepal. He holds a Bachelor of Business Administration and a Master of Business Administration (MBA) from Kathmandu University, Nepal and has completed the Entrepreneurial Masters Programs at London Business School, UK and Massachusetts Institute of Technology, USA.

Union Bank also welcomes the appointments of  Mr. Malay Mukherjee and Mr. Sanjay Pokhrel to its Board of Directors.

Mr. Malay Mukherjee is an experienced banker with over 42 years of experience in Audit, Risk, and IT, and was appointed as a Non-executive, Non-independent Director of Union Bank in October 2023. Mr Mukherjee has held many key positions in the banking sector in India and presently serves as a Director of Nabil Bank Limited, Nepal where CG Corp Global is the major shareholder. He holds a Master of Science (MSc) in Physics from Banaras Hindu University, India and was awarded an Honorary Fellowship in Banking and Finance from the Indian Institute of Banking and Finance, India.

Mr. Sanjay Pokhrel was appointed as a Non-Executive, Non-Independent Director of Union Bank in November 2023. Mr Pokhrel is a highly experienced financial expert and a Chartered Accountant with extensive experience in Investment Management, Mergers and Acquisitions, and Asset Management. Currently, he is the Head of Mergers & Acquisitions at CG Corp Global in Dubai.

These appointments bring a wealth of experience and expertise to Union Bank marking a strategic move to strengthen and diversify its strategic capabilities and leadership and come at a pivotal time, reflecting the Bank’s commitment to fostering growth, innovation, and excellence in banking services.