Hyderabad, Mumbai, New Delhi — November 15, 2022: Shri Srinivasan Varadarajan has been appointed as part-time Non-Official Director as well as Non-Executive Chairman of Union Bank of India on November 7, 2022.

Shri Srinivasan Varadarajan, an engineering graduate from the college of engineering, Anna University, Chennai and PG diploma in management from the Indian Institute of Management, Calcutta has to his credit, more than three decades of experience in banking and financial services. He last served as the Deputy Managing Director of Axis Bank before setting up his own advisory practice in 2019.

As a financial advisor, he has worked with a leading international consulting firm, a sovereign wealth fund, a large corporate group, an NBFC group, and a private sector bank. Shri Srinivasan Varadarajan was the Managing Director and Head of Markets with J.P. Morgan, India. He was also the CEO, J P Morgan Chase Bank in India.

He served on various RBI committees including the Technical Advisory Committee, Committee for repos and Committee for Separate Trading of Registered Interest and Principal Securities (STRIPS). He was also the chairman of the Fixed Income Money Market and Derivatives Association of India (FIMMDA) and the Primary Dealers Association of India (PDAI). He was also a member of the Indo-UK Financial Partnership Forum.