Union Bank appoints new Director

The Union Bank of Colombo PLC (UBC), announced the appointment of Imtiaz Muhseen as an Independent Non Executive Director to the Bank's Board of Directors.

Imtiaz Muhseen

Muhseen who counts over 25 years experience in Business and Financial Management, both locally and internationally, was previously employed at the Ceylon Tobacco Company and British American Tobacco UK. He is synonymous for his capabilities and experience in leading cross functional teams across diverse nationalities and cultures in driving global programmes of restructuring and the standardisation of business functions.

His key international achievements in the above areas include, spearheading the implementation of SAP across 25 international markets during his tenure at British American Tobacco UK (BAT).

Welcoming Muhseen to the UBC Board, Alex Lovell, Chairman of Union Bank stated that, “Muhseen brings with him valuable skills and diverse experiences, along with a leadership track record in Finance and Change Management, all of which would further help enhance our Board's capacity to guide the Bank's future growth and development.”

The Board of Union Bank consists of a blend of high profile local and international Directors from diverse fields, among whom are some of the world’s best known investors. Union Bank is one of Sri Lanka’s fastest growing Banks, focusing on Small and Medium Enterprises and Retail sectors, with a rapidly expanding branch network. The Bank also has diversified business interests with the acquisition of National Asset Management Limited (NAMAL) and UB Finance, according to a Union Bank press release.