Strategic Report

Our Board of Directors

Seated Left to Right:

Mr. M.P. Jayawardena –
Deputy Chairman

Mr. K.G.D.D. Dheerasinghe –
Chairman

Mr. J. Durairatnam –
Managing Director/CEO

Standing Left to Right:

Mrs. J. R. Gamage –
Company Secretary

Mr. L.D. Niyangoda

Ms. N.T.M.S. Cooray

Prof. A. K. W. Jayawardane

Mr. S.Swarnajothi

Mr. S.Renganathan –
Chief Operating Officer

Mr. G.S. Jadeja

Mr. K. Dharmasiri

Board Profiles

Director   Skills and Experience   Other Current
Appointments
  Previous
Appointments
  Shareholding
of Bank

K.G.D.D. Dheerasinghe

Chairman

Chairman of the
Board since July 2014

Chairman of the BHRRC, BNC, BCC, BIC and BRPTRC

Independent
Non-Executive
Director since December 2011

 

An eminent economist with a distinguished career of over 40 years in the banking industry. Published widely and presented papers on many aspects of economics including debt capital markets and financial globalisation in Sri Lanka
and overseas.

Holds a B.Phil (Econ) and B.Com with first class honours from the University of Colombo and M.A. (Econ) from the University of Leeds UK. Honorary Fellow of the Institute of Bankers of Sri Lanka and Honorary ACI Diploma holder.

 

Chairman, Commex
Sri Lanka S.R.L. Italy, Chairman, Serendib Finance Ltd. (The above companies
are subsidiaries of the Bank).

 

Senior Deputy Governor of CBSL. Chairman of the Monetary Policy Committee and the Sovereign Ratings Committee. Secretary to the Monetary Board. Alternate Executive Director for Bangladesh, Bhutan, India and Sri Lanka at the International Monetary Fund. Chairman, Bartleet Finance PLC.

 

Holds 21,159 Voting Shares

M.P. Jayawardena

Deputy Chairman

Deputy Chairman since July 2014 Chairman of the BIRMC Independent
Non-Executive Director since December 2011
 

A senior finance professional with wide experience in the corporate sector, both
in Sri Lanka and overseas.

Fellow member of CA of Sri Lanka.

 
 

Senior Deputy Chairman,
Sri Lanka Institute of Directors, Group Director, CIC Holdings PLC, Chairman, Commercial Insurance Brokers (Pvt) Ltd., Chairman of a few subsidiaries of Chemanex PLC. Serves on the Boards of many other private companies. Group Consultant to Chemanex PLC.

 

Head of Treasury, Zambia Consolidated Copper Mines

 

Nil

J. Durairatnam

Managing Director/Chief Executive Officer

Managing Director/Chief Executive Officer since July 2014

Executive Director since April 2012 and former Chief Operating Officer

 

Substantial professional experience in Banking, covering all aspects of International Trade, Off shore Banking, Credit, Operations and Information Technology. He has served the Bank in several management positions, including, Chief Operating Officer, Deputy General Manager, Assistant General Manager –
International Division and Head of Imports counting nine years as a member of Corporate Management.

Holds a Bachelor’s Degree from the University of Peradeniya.

 

Managing Director, Commercial Development Company PLC, The above company is a subsidiary of the Bank), Director, Lanka Financial Services Bureau Ltd, Sri Lanka Banks’ Association (Guarantee) Ltd., The Financial Ombudsman Sri Lanka (Guarantee) Ltd.

 

None

  Holds 470,770 Voting Shares

S. Swarnajothi

Chairman of the BAC

Independent
Non-Executive Director since August 2012

  A senior finance professional with experience in both private and
public sectors.   Fellow of the CA Sri Lanka and CMA
Sri Lanka, a member of CMA Australia. Holds a B.Sc. Degree in Management from the University of Sri Jayewardenepura and a M.Sc. in Project Management from the University of Moratuwa.
  Member of the Tax Appeals Commission, which position
he had held since May 2014.
  Auditor General of Sri Lanka from January 2008 to August 2010.   Holds 8,738 Non-Voting Shares

S. Renganathan

Executive Director and Chief Operating Officer

since July 2014

  A senior banker counting over 35 years, he led the Bank’s acquisition of the Bangladesh operations of Credit Agricole Indosuez (CAI), Commercial Bank’s first ever acquisition of a banking operation, subsequently building up the same as Country Manager. He has also held several other key positions at the Bank including Deputy General Manager – Personal Banking and the first Chief Risk Officer
of the Bank. Fellow of the Chartered Institute of Management Accountants, UK (FCMA), CGMA, Fellow of the IFS School of Finance, UK (Fifs) and a Fellow of the Institute of Bankers of Sri Lanka (FIB).
  Director of Commercial Bank of Maldives Private Limited   Member of the General Council of the Institute of Bankers of Bangladesh, Founder President Bangladesh Chamber of Commerce & Industry, Executive Member, Foreign Investor Chamber of Commerce and Industry, Bangladesh.   Holds 197,647 Voting and 10,488
Non-Voting shares

Prof. A.K.W. Jayawardane

 

Chairman of the BTC

Independent
Non-Executive Director since April 2015

  An academic of high repute, he brings considerable knowledge and experience
of IT to the Board. Holds a PhD in Construction Management and a Master of Science Degree in Construction from the Loughborough University of Technology, UK and a B.Sc. Eng. in Civil Engineering Degree with
first class honours from the University
of Moratuwa. Also a Corporate Member, a Fellow and an International Professional Engineer of the Institution of Engineers, Sri Lanka (IESL),
CEng, FIE(SL), IntPE(SL), Fellow of the National Academy of Sciences of Sri Lanka, FNAS(SL), Founder Member of the Society of Structural Engineers Sri Lanka MSSE(SL), Fellow of the Institute of Project Managers, Sri Lanka, FIPM (SL).
  Vice-Chancellor of the University of Moratuwa and a Senior Professor in Civil Engineering, Director of Sierra Cables PLC, Chairman of ONEzero Company Ltd. (The above company is a subsidiary of the Bank) and a member of the Board of the Management of several other institutions.   Dean, Faculty of Engineering for six years, First NDB Bank Endowed Professor in Entrepreneurship at
the University of Moratuwa, President of the Institute of Engineers, Sri Lanka (IESL).
  Nil

K. Dharmasiri

Independent
Non-Executive
Director since
July 2015

  A senior banker counting over
37 years at Bank of Ceylon and retiring as its General Manager/Chief Executive Officer. He has diversified experience both within and outside Sri Lanka.   Holds a First Class Honours in Commerce and a Bachelor of Philosophy in Economics. Also an Associate Member
of the Institute of Bankers of Sri Lanka.
 

None

  Non-Executive Nominee Director on the Boards of Janashakthi Insurance Ltd., Sabaragamuwa Development Bank, Merchant Bank of Sri Lanka PLC, BOC Travels (Pvt) Ltd., BOC Property Development & Management (Pvt) Ltd., Ceybank Holiday Homes (Pvt) Ltd., Hotels Colombo (1963) Ltd., Ceybank Asset Management Ltd., Lanka Securities (Pvt) Ltd., Institute of Bankers of Sri Lanka, Lanka Financial Services (Bureau) Ltd., LankaClear (Pvt) Ltd. and Bank of Ceylon (UK) Ltd.  

Nil

L.D. Niyangoda

Independent
Non-Executive Director since August 2016

  He has a proven track record of over
30 years in the corporate environment
and is qualified in various management
fields both locally as well as internationally. Consultant Business and Administration experience for a period of 35 years. Holds a Bachelor’s Degree from the University of Peradeniya. Member of numerous professional bodies, including the Council for Agricultural Research Policy of Sri Lanka, Standing Committee of Agriculture and Veterinary Studies, University Grants Commission and Faculty of Agriculture, University of Peradeniya.
  Managing Director/Chief Executive Officer of A Baur & Co. (Pvt) Ltd., Director of Baur Asia (Pte) Ltd., Singapore, Serves on the Boards of many other Companies.     Chief Operating Officer, A Baur & Company (Pvt) Ltd.   Nil

Ms. N.T.M.S. Cooray

Independent
Non-Executive Director since September 2016

  A senior finance professional with wide experience in the private sector. Holds a Master‘s of Business Administration from the University of Colombo, Fellow Member of the Chartered Institute of Management Accountants
UK (FCMA).
  Managing Director of Jetwing Travels (Pvt) Ltd., Chairperson of the Sri Lanka Institute of Directors, Advisory Council for Tourism and a member of the Board of the Management of several other institutions.   Director, Finance and Administration on the Board of J Walter Thompson, Non-Executive Director on the Boards of Capital Alliance Finance PLC, Trade Finance and Investments PLC and served on the Boards of many other private and public companies.   Nil

G.S. Jadeja

A Non-Executive Director since September 2016

  A senior finance professional with wide experience in the private sector. Holds an MBA in Finance from Baruch College CUNY, a Master’s Degree in Hotel Management from Oberoi School of Hotel Management (A Cornell University Affiliate Programme) and B.A. (honors) from
St. Stephen’s College, University of Delhi.
  Global Head, Financial Innovation at the International Finance Corporation.   Held several key positions as Regional Industry Head, Asia, Senior Manager-Latin America and The Caribbean Region, Mexico/Bogota, Manager, East Asia and The Pacific Region, Hong Kong, Senior/Principal Investment Officer – Financial Markets Division, Washington D.C. at The International Finance Corporation. Also served as a Director Acquisition/Integration and Business Development, New York, NY, Director Finance and Assistant to the CFO, Manager/Senior Manager Finance at American Express Travel Related Services Inc.   Nil

Mrs. J.R. Gamage

Company Secretary since May 2014

 

An Attorney-at-Law who counts over
18 years experience at the Bank.

She holds a Diploma in Company Secretarial Practice from the Institute
of Chartered Corporate Secretaries of Sri Lanka and a Post Attorney Diploma in Banking and Insurance Laws from the Incorporated Council of Legal Education
of Sri Lanka.

She has received extensive training on Secretarial and Legal fields at a leading Law Firm prior to joining the Bank.

 

None

 

None

  64,029 Voting Shares