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Board Members
Why bank with us – ICICI Bank UK plc
We offer you a range of personal, business, corporate and investment banking services in the UK and Europe. We’re a wholly owned subsidiary of ICICI Bank Ltd, an award-winning global bank.
We are authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and Prudential Regulation Authority (Registration Number: 223268).
Mr. Sriram H. Iyer
Head International Banking Group
ICICI Bank Limited
Mr. Sriram H. Iyer chairs the Board of Directors and is a member of the Board Governance Nomination and Remuneration Committee of ICICI Bank UK plc.
Mr. Iyer leads the International Banking Group of the Parent Bank, ICICI Bank Limited. As part of this role, he is responsible for all of the Bank’s international operations. He also spearheads the Global Remittances and NRI business of the Bank. Mr. Iyer is Chair of the Board of Directors of ICICI Bank Canada.
Mr. Iyer joined ICICI Bank in India in 1996 and has since held a number of key management positions. He was a core member of the executive team that established ICICI Bank in Canada in 2003 and served as the President and Chief Executive Officer of ICICI Bank Canada between April 2008 and July 2019. Under his leadership, the Bank achieved significant growth in both asset base and profitability.
During his tenure with ICICI Bank Canada, Mr. Iyer actively supported a number of business and not-for-profit organizations and served on several boards including Toronto Global and Conference Board of Canada. In 2008, he was named to Canada’s Top 40 under 40™, a program that celebrates Canadians who have reached significant success before the age of 40 in the private, public and not-for-profit sectors. In 2012, Mr. Iyer received the Queen Elizabeth II Diamond Jubilee Medal and the Indo-Canada Chamber of Commerce named him Corporate Executive of the Year.
Mr. Iyer holds a Bachelor of Engineering degree from the National Institute of Technology and a Masters of Business Administration degree from the Indian Institute of Management, Bangalore. He is also a certified corporate director and has completed the Directors Education Program from the Institute of Corporate Directors.
Mr. Rajesh Rai
Business Head - Retail and Business Banking
ICICI Bank Limited
Mr. Rajesh Rai is a member of the Board of ICICI Bank UK plc. and its Board Risk, Conduct and Governance committees.
Mr. Rajesh Rai has been with the ICICI group for over 20 years and has worked across businesses like Retail Banking, Corporate Banking and Government Institutions. Mr. Rai is currently Business Head of the Retail and Business Banking for ICICI Bank Limited, India. Prior to joining ICICI Bank Limited, India in 2020, Mr. Rai was associated with ICICI Lombard General Insurance Company Limited. Mr. Rai was one of the founding members of ICICI Lombard General Insurance Company Limited and handled roles with varied responsibilities.
Mr. Rai is an Economics graduate and has pursued Chartered Accountancy course from the Institute of Chartered Accountants of India till intermediate level.
Mr. Raghav Singhal
Managing Director and CEO
Mr. Raghav Singhal is the Managing Director and CEO of ICICI Bank UK plc.
Mr. Singhal has been with the ICICI Bank for over 24 years and has extensive experience in retail banking, private banking, treasury business and credit cards. As Retail Business Head for West 2 region in India, he developed and executed business strategy basis micro markets opportunity, customer insights and ecosystem based 360 degree banking. During his tenure in Treasury business, he oversaw the strategy to transform the treasury business from corporate focused to de-risked granular business by scaling up the SME, retail and bullion businesses. He was responsible for laying foundation for strong bullion business at ICICI Bank Limited.
He was also involved with the scaling of the remittance business to capture the remittance opportunity in the India – Middle East corridor. He independently launched the commercial cards business and was part of the core team that setup the credit cards business at ICICI Bank Limited.
Mr. Singhal holds a Post Graduate Diploma in Management from Indian Institute of Management, Lucknow and is a Bachelor of Arts (Hons, Mathematics) from St. Stephen’s College, Delhi.
Mr Stephen Krag
Mr. Stephen Krag is an Independent Non-Executive Director and Chair of the Audit Committee of the Bank. He spent over 30 years in financial services working for various UK and overseas financial institutions including NatWest Markets, HBOS, Daiwa Capital Markets and Royal Bank of Canada in senior finance and operational roles.In his executive career he was CFO and Director on the Board of a number of regulated banking and securities firms including RBC Europe Limited (the main European subsidiary of RBC Capital Markets).
He has also served as a Non-Executive Director on Bluebay Asset Management and Royal Bank of Canada Investment Management UK Limited.
He is a qualified chartered accountant and holds a history degree from Cambridge University.
Mr. Huw Morgan
Independent Non-Executive
Director
Mr. Huw Morgan is an Independent Non-Executive Director and Chair of the Board Risk Committee of the Bank. Mr. Huw Morgan is an FCIB banker who spent some 25 years with HSBC plc- latterly as Head of Business banking. Prior to this he held a variety of roles including Relationship Director in Midland Montagu Corporate Banking , Head of Operations on the acquisition of Mid-Med bank in Malta and ,more recently, Regional Director for Wales and the South West responsible for the Retail branch network and Corporate and Commercial banking businesses. Mr Morgan is the Senior Independent Director for Finance Wales, he Chairs Help me Compare Ltd and also sits on the board as an NED for Inspiretec Ltd. He also sits on the board of the Financial and Professional Services Panel for Wales and the Cardiff Central Enterprise Zone. Both these organisations seek to increase business development Wales. Mr. Morgan holds an MPhil in Economics from Aberystwyth University and he now sits on the University´s development board.
Mrs. Serena Joseph
Mrs. Serena Joseph is an Independent Non-Executive Director and Chair of the Board Governance Nomination and Remuneration Committee and Board Conduct Risk Committee of the Bank. Serena has vast experience in regulatory advisory practice and held professional positions across various entities. Serena headed the newly formed Regulatory Advisory Practice as a Partner at Mazars Plc, which became the model for the Group’s European Partnership. She was instrumental in establishing and building the first-ever Regulatory Advisory Practice at KPMG as well. She also hold position as Chair of Risk at Kroo Bank Ltd.
Serena is a keen advocate for diversity being a member of the founding team and working party of GAIN, a group for autism, insurance and neurodiversity and is the Vice-Chair of the membership committee at the Naval & Military Club. Serena is both ACIB qualified and a member of the London Institute of Banking and Finance, Fellow of the Compliance Institute, now incorporated into CISI, and a graduate in Modern History from University of Oxford.
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