Singapore headquartered United Overseas Bank (UOB) has named Mr. P V Ananthakrishnan as the new Country Head for UOB's India operations.
Earlier, Mr. Lourdes Premkumar Sinnappan was appointed for this position but now he has been appointed as General Manager of United Overseas Bank's Labuan branch in Malaysia.
The new Country Head, Mr. Ananthakrishnan is expected to develop and expand UOB's corporate banking, treasury and trading businesses in India as said in the bank's statement.
Mr. Ananthakrishnan before taking up the new position of Country Head at UOB was the Chief Executive Officer and Country Head of Mashreq Bank India. He also held various senior positions in BNP Paribas, HDFC Bank, Andhra Bank nd Corporation Bank in India.
The first branch of UOB was opened in India in Mumbai in 2009.
The Mumbai branch of UOB provides wholesale banking services, including lending, trade finance products to financial institutions and corporates.