Union Bank of India (UK) Ltd is a wholly owned subsidiary of Union Bank of India, one of the largest & leading Public Sector Bank in India.
Union Bank of India (UK) Ltd is registered in England and Wales in the year 2011 under registered company number 07653660, with its registered office at Senator House, 85 Queen Victoria Street, London, EC4V 4AB. Union Bank of India (UK) Ltd has been authorised by the Prudential Regulation Authority (PRA) and regulated by the Prudential Regulation Authority and the Financial Conduct Authority (FCA). The Bank is registered in FCA register in the year 2013 with financial services register number 601551. Your deposits with Union Bank of India (UK) Ltd are protected up to £85,000 per eligible person for single accounts and up to £170,000 for joint accounts by the Financial Services Compensation Scheme (FSCS), the UK's deposit guarantee scheme. For further information please visit Bank & savings protection checker | Check your money is protected | FSCS.
The Parent Bank (Union Bank of India) was established in the year 1919 and has its registered headquarters at Mumbai, India. The Government of India (GOI) holds more than 80 (%) percent share in the Parent Bank. Initiating major reforms in Public Sector Banks (PSBs) in India, a mega amalgamation exercise was taken up in financial year 2019-20. As a result of which, post amalgamation of Parent Bank, it became 5th largest PSB in India with more than 9500 Branches, 13300 plus ATMs, an employee strength of over 75000 and customer base of over 120 million.
Parent Bank has its presence in the world's major financial centres of Hongkong, Dubai, and Sydney, as well as representative office at Abu Dhabi, banking joint venture in Malaysia and a wholly owned subsidiary in London, UK. The Parent Bank is building value in international markets by meeting the banking requirement of corporate, cross-border lending and trade finance.
Ms A Manimekhalai
Ms. A Manimekhalai is appointed as Chairperson on 28th June 2022. Ms. A. Manimekhalai is currently the Managing Director & CEO of Union Bank of India. A seasoned banker with experience of more than 3 decades, Ms. A. Manimekhalai started her career in erstwhile Vijaya Bank as an Officer in 1988 and rose successively as Branch Head, Regional Head, and functional head of various Departments at Corporate Office. She was instrumental in devising & implementation of strategic policies covering core areas like strategic planning, setting organizational goals, growth strategies, action plans, compliance, internal control, etc.
Before joining as MD & CEO at Union Bank of India, Ms. A Manimekhalai was Executive Director at Canara Bank, wherein she oversaw strategic planning, credit & related matters, inspection, marketing and financial inclusion, State Level Lead Bank responsibilities and the functioning of Regional Rural Banks. She played a pivotal role in effecting successful amalgamation of Canara Bank and Syndicate Bank. She has extensive experience as Director on the Board of five other companies namely Canbank Factors Ltd, Canbank Computer Services Ltd, Canara HSBC Oriental Bank of Commerce Life Insurance Co. Ltd., General Insurance Corporation of India, India Infrastructure Finance Company Ltd. and Trustee, Canara Robeco Asset Management Co.
Ms. Manimekhalai holds Master of Business Administration (Marketing) from Bangalore University, and a Diploma in Human Resource Management from Narsee Monjee Institute of Management Studies (NMIMS), Mumbai. A beneficiary of various executive development programs at leading institutes of country, she is also a Certified Associate of Indian Institute of Bankers (CAIIB).
Mr Rajneesh Karnatak
Mr. Rajneesh Karnatak was appointed as Nominee Director on 26th May 2022, Mr Karnatak is currently the Executive Director of Union Bank of India. Before joining Union Bank of India, he was a Chief General Manager of Punjab National Bank posted at Corporate Office.
Mr. Karnatak has a rich banking experience of over 27 years and carries varied branch and administrative office experience. As General Manager in erstwhile Oriental Bank of Commerce, he has headed Large Corporate Credit Branches and verticals such as Credit Monitoring, Digital Banking and Mid Corporate Credit. Post the amalgamation of Oriental Bank of Commerce into Punjab National Bank, he has also headed Credit Review & Monitoring Division and Corporate Credit Division in Punjab National Bank.
Mr. Karnatak is a Post Graduate in Commerce (M. Com) and is a Certified Associate from Indian Institute of Bankers (CAIIB) and has attended various training and Leadership Development Programs from IIM-Kozikode and JNIDB Hyderabad and has also taken part in Advance Management Programme at IMI (International Management Institute) Delhi. He carries with him credit appraisal skills including project funding & working capital funding along with Risk Management with specific reference/special emphasis on Credit Risk. He is presently Nominee Director on the Board of UBI Services Ltd.
Mr Kalyan Varma
Managing Director & Chief Executive Officer
Mr Kalyan Varma, Managing Director & Chief Executive Officer at Union Bank of India (UK) Ltd since August, 2021 is a seasoned banker with rich banking experience. In more than one decade of industry know-how, his range of experiences span from application of operational aspects of conventions at grassroot, to administering and formulating policy blueprints at the executive stratum. He has grown through assuming responsibilities across the spectrum in business development and leadership. From handling key strategic assignments, industry-proficiency and competence. His industrial journey includes a range of responsibilities in Bank's business development, starting from being a Credit Officer to heading large Branches in India. Mr. Varma's demonstrated expertise in the field is coupled with his excellency in administrative roles with the Parent Bank as well as UK-subsidiary. His latest assignment with the parent Bank was to lead the Stressed Asset Resolution Team at Corporate Office, (Mumbai), in the capacity of Assistant General Manager.
A post graduate in science, and a Certified Associate of Indian Institute of Bankers (CAIIB), Mr. Varma has also completed 'Role of Director' from Institute of Directors in UK.
Mr. Natesh Kumar D Shetty
Executive Director & Chief Operating Officer
Mr Natesh Kumar D Shetty, is incumbent Executive Director & Chief Operating Officer of Union Bank of India (UK) Ltd since December, 2021. He is a career banker with vast experience in multiple, operational and administrative areas of Banking. He has performed all his roles with commendable success, starting from probationary officer to independent Branch head of various categories of Bank Branches across India and vertical head of controlling and administrative responsibilities. He had exposure to policy framing and critical decision-making mechanisms in the Bank. He is having a track record of achieving the desired goals by leading from front and being an effective team player and has also been successful in establishing enduring and cordial customer relationships. His immediate previous assignment with the parent Bank was vertical head of Credit Monitoring and Recovery Department at Zonal office Pune, in the capacity of Assistant General Manager.
He is a post graduate in Management, a Certified Associate of Indian Institute of Bankers (CAIIB), from Indian Institute of Banking and Finance and Certified Financial Manager from Centre for Financial Management, Bangalore, India.
He has also completed 'Role of Director' from Institute of Directors, London, United Kingdom.
Dr Anand Kumar
Non - Executive Director (NED)
Dr Anand Kumar, Non-Executive Director of Union Bank of India (UK) Ltd. since July 2020. Previously Dr Kumar is associated with the Bank as ED & Deputy CEO since July 2013. He is a senior banker with over three decades of banking experience in India, Singapore and UK environments. Prior to joining Union bank of India (UK) Ltd he had served Bank of Baroda UK as their Retail Banking and Strategic Initiatives Head and earlier as the Retail banking head at ICICI Bank (UK) Plc. He is credited with rolling out retail banking products such as e-banking, debit cards and online bonds in both the banks. Dr Kumar is a keen learner always updating himself of the developments. Earlier he had served ICICI bank in India as Regional Head, Chandigarh and Zonal head, Kolkata. He has also served as Head-ICICI Lombard General Insurance (Services) Company Limited in London, UK.
Dr Kumar is also now appointed as one of the directors at Associations of Foreign Bankers (AFB) of London, UK.
Dr Kumar is well qualified with an MBA, LLB and PhD, he is a fellow of the Chartered Institute of Security & Investments, UK and an ICA certified Compliance awareness course and has been trained at Manchester Business School, Manchester UK on Managing Financial services and 'Role of a Director' course with the Institute of Directors, UK.
Ms. Charlotte Morgan
Independent Non - Executive Director (INED)
Ms. Charlotte Morgan, Independent Non-Executive Director at Union Bank of India (UK) Ltd, since November 2021, has rich and wide-ranging wealth of experience in the Financial Industry spanning over 45+ years. She has held several senior level positions in her career, including advisory, directorships and non-executive roles. Ms Morgan had previously held the role of Group Head of Corporate Treasury and Tax at Standard Chartered Bank PLC earlier in her career, before moving to a global commodities firm, ED&F Man Holdings Limited, where she performed a variety of senior positions, as Director of Taxes, Director ED&F Man Treasury Management PLC, and was an advisor to the Chief Financial Officer until 2013.
Mr. Patrick Quinn
Independent Non - Executive Director (INED)
Mr. Patrick Quinn, Independent Non-Executive Director at Union Bank of India (UK) Ltd, since June 2013 is a widely experienced international banker with over four decades of experience at senior level in investment and commercial banks. He is at the Board of Union Bank of India (UK) Ltd since last 9 years, also he has been in the Board of an another International bank in the UK as a Non-executive director for over 22 years and had served earlier as an executive director on the Board of Yamaichi Bank (UK) Ltd, a Japanese bank. He also has experience of having served in various geographies including Hong Kong and USA. During his career he has had a strong record of business development, credit, administration and operations. Mr Quinn chairs the Risk and Compliance committee of the Board.
Mr Quinn is an Associate member of the Chartered Institute of Bankers and an Associate member of the British Institute of Management.