Chaudhary steps into Deputy Chairman role at Union Bank

Union Bank of Colombo yesterday announced the appointment of Nirvana Chaudhary, Non-Independent Non-Executive Director, as the Deputy Chairman of the Bank, effective 2 December.

The decision was made during a board meeting held on 2 December.

Chaudhary, CG Corp Global Managing Director, who had served as the Chairman of Union Bank since December 2023, stepped down from the role in October this year, citing ongoing commitments in Nepal.

The Board accepted his resignation on 30 September and unanimously appointed Dinesh Weerakkody as the new Chairman.

According to a disclosure to the Colombo Stock Exchange (CSE), Chaudhary’s appointment as Deputy Chairman follows the retirement of Trevine Fernandopulle. CG Capital Partners Global Ltd. acquired the 70.84 percent stake held in Union Bank by Culture Financial Holdings in October 2023.