Shri Arun Tiwari is the Chairman and Managing Director of Union Bank of India since December 26, 2013.
A postgraduate in Chemistry, Shri Tiwari has extensive knowledge in areas as diverse as Banking & Finance and Computer Programming. Shri Tiwari, a voracious reader and continuous learner, has undergone training at prestigious institutions, like Arthur D’Little, Boston, USA, Kellog School of Management, Northwestern University, Chicago, Indian School of Business, Hyderabad, etc. Shri Tiwari did a study assignment in USA and Europe for export oriented Small Scale Industries in India under aegis of World Bank.
Shri Arun Tiwari started career as a Probationary Officer in Bank of Baroda, where he worked in almost all key segments of Banking, in various capacities – at Branches, Zonal Office, and at Corporate Office as General Manager – MSME & Wealth Management, Whole Sale Banking. His tenure in the Bank spanned various geographies of the country and overseas centres at Kuala Lumpur and Singapore, as Chief Executive of the respective territories.
Before joining Union Bank of India, Shri Tiwari was Executive Director in Allahabad Bank from June 18, 2012.
Presently, Shri Tiwari is also Chairman of Union KBC Asset Management Company Limited, an Asset Management Company of the Bank. He is a Director on the Board of Star Union Dai-Ichi Life Insurance Company Limited, Bank’s Life Insurance Joint Venture Company. He is the Chairman of Bank’s overseas subsidiary i.e. Union Bank of India (UK) Ltd. He is also Ex-Officio Director on the Board of General Insurance Corporation of India (GIC Re) and also a director on the board of the New India Assurance Company Ltd.
Shri Arun Tiwari is the Chairman of IBA Standing Committee on Risk Management and Basel Implementation, Chairman of IBA - Gyan Sangam Working Group on Risk Management, Co-Chairman of CII National Committee on Banking 2016-17, Member of Advisory Board of "Financial Inclusion Fund" constituted by Govt. of India, a Member of Governing Council (Director) of Indian Institute of Banking & Finance, Mumbai (IIBF), a Member of the Governing Board of Institute of Banking Personnel Selection, a Member of the Committee constituted by Govt of India, Ministry of Finance to look into the issues of High Level of Non Performing Loans.