The board of directors of UB Finance PLC appointed Mr. Malay Mukherjee as the chairman of the board of directors with effect from 4 December 2023. Mr. Malay Mukherjee counts over 42 years of banking experience primarily in the areas of Risk Audit and IT. He holds a Master of Science (MSc) in Physics from Banaras Hindu University, India and was awarded a Honorary Fellowship in banking and finance from Indian Institute of Banking and Finance, India.

Mr. Mukherjee presently serves as a director of Nabil Bank Limited, Nepal as Independent Director of Shivalik Small Finance Bank, India and Dilip Buildcon Limited, India and also works as a Consultant to the Asian Development Bank. He previously served as the Managing Director and Chief Executive Officer of IFCI Limited, India (December 2013 to December 2016) an executive director of the Central Bank of India (September 2012 to December 2013), the General Manager in charge of the Risk Management Department and the Technology Management Department of Indian Bank at its Corporate Office in Chennai, India. He was the Chairman of the Board of directors of Management Development Institute and Institute of Leadership Development and member of the Governing Body of Entrepreneurship Development Institute of India.

He was also the Chairman of the Board of directors of IFCI Factors Limited, IFCI Infrastructure Development Limited, Tourism Finance Corporation of India Limited, IFCI Financial Services Limited, IFCI Venture Capital Funds Limited and Stock Holding Corporation of India Limited.