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Prof. A K W Jayawardane

Chairman

Prof. A K W Jayawardane has been serving as a Non-Executive Independent Director of the Commercial Bank since April 2015 and currently he is the Chairman of CBC Tech Solutions, a subsidiary of the Commercial Bank and the Chairman of the Board Tech Committee.

Prof. A K W Jayawardane is currently a Commission Member of the University Grants Commission and a Senior Professor in Civil Engineering. He served as the Vice Chancellor of the University of Moratuwa for six years, Dean, Faculty of Engineering for six years and as an Endowed Professor in Entrepreneurship at the University of Moratuwa for one year.

He obtained BSc Eng Degree in Civil Engineering with first class honours from the University of Moratuwa, a Master of Science Degree in Construction from the Loughborough University of Technology UK and a PhD in Construction Management from the same University.

Prof. Jayawardane served as the President of the Institution of Engineers, Sri Lanka. He is also a Director of Sierra Cables PLC and a member of Board of Management of several other institutions. He is 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), Life Member of Sri Lanka Association for Advancement of Science and a Graduate Member of the Sri Lanka Institute of Directors GSLID.

Sharhan Muhseen

Deputy Chairman

Mr Sharhan Muhseen is a senior Investment Banker with extensive experience in areas of Mergers and Acquisitions, Corporate Finance and Capital Markets. He has served in a senior capacity working with company boards and senior leadership teams of financial institutions across Asia to help drive their Strategic Corporate Agenda and Roadmap. He previously worked in best-in-class global investment banks, Credit Suisse, Bank of America Merrill Lynch and JPMorgan in leading regional coverage roles.

Mr Muhseen’s most immediate previous role was as Managing Director, Head of South East Asia Financial Institutions Group (FIG) and Head of Asia Insurance at Credit Suisse based in Singapore. In his Investment Banking career spanning over 20 years, Mr. Muhseen has completed landmark mergers and capital raising transactions in excess of USD 100 billion. The Asia FIG sectors team at Merrill Lynch and Credit Suisse has won the “FIG Asia House of the Year” awards from the Asset magazine for several years under his leadership. Multiple transactions he led have been awarded as best country deals and best financial sector capital raise transactions.

He is credited with some leading research reports including reports on Banking sector efficiency, currency depreciation and budget deficit in his role as Head of Sri Lanka Banking sector research coverage and lead Economist at Jardine Flemming. He has also worked at Standard Chartered Bank in the Corporate Banking Division, where he started out as a Management Trainee and at Rodman and Renshaw stock and commodities broker based in Chicago.

Mr Muhseen has experiences at the policy level working as a Team Leader at the National Council for Economic Development (NCED) under the Ministry of Finance as well as a Director at the Task Force to Rebuild the Nation (TAFREN), Presidential Task Force for rebuilding the economy after the 2004 Tsunami. He holds a Masters in Economics from the University of Colombo, a Bachelor of Business Administration (Hons) from Western Michigan University and has completed the Corporate Finance training program with JPMorgan in New York.

Sanath Manatunge

Managing Director / Chief Executive Officer

Mr Manatunge joined Commercial Bank in 1989. He held the position of Chief Risk Officer of the Bank, prior to assuming duties as the Deputy General Manager Corporate Banking. Under Mr Manatunge, the Corporate Banking Division of the Bank experienced rapid growth in the loan book and in areas such as Trade Finance fee-based income while maintaining the quality of advances.

Mr Sanath Manatunge is a director of the Bank’s Maldivian subsidiary – Commercial Bank of Maldives and Bank’s IT subsidiary, OneZero Company Ltd.

A Fellow of the Chartered Institute of Management Accountants, UK (FCMA) and a Chartered Global Management Accountant (CGMA), Mr Manatunge has a Master of Business Administration (MBA) degree from the University of Sri Jayewardenepura. He is also a Fellow Member of the Institute of Bankers – Sri Lanka and a Fellow of the Institute of Certified Management Accountants of Sri Lanka. Mr Manatunge was instrumental in forming the Association of Banking Sector Risk Professionals, Sri Lanka and was its President in 2014. He has also served as a Council Member of the Association of Professional Bankers (APB) and as a member of the CIMA Thought Leadership Commitee.

He was also adjudged the “Chief Information Security Officer of the Year” at the EC- Council Global CISO Forum held in Atlanta – USA in September 2013 in recognition of his outstanding contribution in strengthening and promoting information security practices.

K Dharmasiri

Director

Mr K. Dharmasiri is a career banker with over thirty seven years of diversified banking experience both within and outside Sri Lanka. He commenced his career with Bank of Ceylon (BOC) in 1975 and retired as the General Manager/Chief Executive Officer of the Bank in 2013. Prior to the appointment as the Chief Executive Officer, Mr Dharmasiri has performed duties as an Additional General Manager and a Deputy General Manager covering wide range of banking activities mainly, Corporate & Offshore Banking, Recoveries, Finance & Planning, Marketing and Internal Audit.

He has served as a Non- executive Nominee Director on the Boards of Janashakthi Insurance Ltd, Sabaragamuwa Development Bank, Merchant Bank of Sri Lanka PLC, BOC Travels (Private) Ltd, BOC Property Developmet & Management (Private) Ltd, Ceybank Holiday Homes (Private) Ltd, Hotels Colombo (1963) Ltd, Ceybank Asset Management Ltd, Lanka Securities (Private) Ltd, Institute of Bankers of Sri Lanka, Lanka Financial Services (Bureau) Ltd and Lanka Clear (Private) Ltd.

Mr Dharmasiri graduated from the university of Colombo with a First Class Honours in Commerce and Holds a Bachelor of Philosophy in Economics. He is also an associate member of the institute of Bankers of Sri Lanka.

Lakshman Niyangoda

Director

Mr Lakshman Dushyantha Niyangoda is presently serving as the Managing Director/Chief Executive Officer of A Baur & Co. (Pvt) Ltd and counts over 30 years of experience with the Company. He is also a Director of Baur Asia (Pte) Ltd, Singapore. He holds a Bachelor of Science (Agriculture) Degree from the University of Peradeniya. He has also served as a 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.

Shiromal Cooray

Director

Ms Nawalage Therese Manouri Shiromal Cooray is the Managing Director of Jetwing Travels (Pvt) Ltd. She is presently serving as the Chairperson of the Sri Lanka Institute of Directors and also serving on the Advisory Council for Tourism.

She has obtained a Masters in Business Administration from the University of Colombo. She is a Fellow of the Chartered Institute of Management Accountants.

Ms Cooray has held several key positions at J Walter Thompson, Travel Agents Association of Sri Lanka and Sri Lanka Association of Inbound Tour Operations.

Judy Lee

Director

Ms Judy Lee is a pioneer and leading expert in quantitative risk management and its applications to strategy. She has over 30 years of experience as a banker, capital markets expert and partner in management consulting firms serving CEOs and Boards in US and Asia.

Ms Lee is currently Managing Director of Dragonfly LLC which she co-founded in 2000. The New York based consulting firm provides strategy, risk management and investment advice to Boards, CEOs, CFOs, Business heads in US, Europe and Asia, covering all sectors, corporates, financial institutions and governments.

She is also CEO of Dragonfly Capital Ventures (DFC) which she founded in 2009. DFC develops and invests in renewable energy in South East Asia. DFC also develops investment pipeline in the US for Asian clients.

She currently serves on the Board of Directors of Temasek Life Sciences Accelerator and is an Entrepreneur-in-Residence. She is on the Board of Overseers of NYU Stern School of Business. Ms Lee has served as Board Director of Solar Frontier, a renewable energy subsidiary of Japan-listed Showa Shell Sekiyu.

Ms Lee is co‐author of the books “What Every CEO Must Know About Risk” and “RAROC and Risk Management”.

She was an Adjunct Professor at Singapore Management University where she developed and taught Enterprise Risk Management for 10 years. She has also taught Risk Management at Columbia University, New York.

Prior to Dragonfly, Ms Lee was a key member of the pioneering team that developed quantitative risk methodology at Bankers Trust in the late 1980s. She ran the bank’s daily global risk quantification and reporting. She also worked on derivatives and other capital markets products and was risk manager reporting to the President for BT Securities.  

Ms Lee holds an MBA from the Wharton School and a BS from NYU Stern School of Business. She also attended the Women on Boards programe at Harvard Business School.

Since 2000, Ms Lee has lived and worked in both New York and Asia.

Raja Senanayake

Director

Mr Senanayakege Raja Pushpakumara (Raja Senanayake) is a Fellow Member of CA Sri Lanka with over 30 years of post-qualifying experience and holds a B.Com (Special) degree from the University of Sri Jayewardenepura with a second class upper division pass and a Postgraduate Diploma in Business Management from the PIM of the University of Sri Jayewardenepura. Having completed his articles at Ernst & Young and qualifying as a Chartered Accountant, he joined Singer Industries (Ceylon) PLC in 1991 as the Financial Accountant. In 1994, Mr Senanayake joined Commercial Bank of Ceylon PLC as the Senior Manager Finance and worked for 13 years and was the Assistant General Manager (Finance & Planning) when he resigned. He also served as the Chief Financial Officer at the Nations Trust Bank PLC.

He works at Smart Media The Annual Report Company and is currently heading the Smart Academy, an International Integrated Reporting Council (IIRC) Accredited Training Foundation Partner.

Mr Senanayake is also a Non-Independent Non-Executive Director (since April 2021) and was an Independent Non-Executive Director (from October 2014 to March 2021) of CBC Finance Ltd., a fully owned subsidiary of Commercial Bank of Ceylon PLC, an Independent Non-Executive Director of Senkadagala Finance PLC since April 2017 and a Director of Virtual Capital Technologies (Pvt) Ltd., a software development company that specialises in enterprise solutions in the real estate, retail and telecom spaces catering to the New Zealand and the Australian markets since August 2017. 

Mr Senanayake is passionate about and possesses extensive domain knowledge on the financial services industry, financial management and corporate reporting in particular, including such aspects as risk management, capital management, corporate governance, compliance, sustainability and integrated reporting. Besides many other local and overseas training programmes, he has undergone training on banking and finance with Euromoney and on general management with the National University of Singapore.

Thushara Wijewardena

Director

Mrs Thushara Wijewardena is a corporate executive with a proven track record in the IT industry both locally and internationally. She has been serving in various senior positions in the industry for many years gaining diverse experience in providing technology solutions for high tech startups to large multinational businesses in the world.

Mrs Wijewardena is currently the Chief Executive Officer of Aventude (Pvt) Ltd. (‘Aventude’). which she co-founded in 2018. Aventude is a technology strategic consultation & solutions company based in Colombo and Stockholm with the specialization of expertise in solving business problems using technology in an end–to–end spectrum.

She also serves as the Vice Chairperson of the Cabinet approved national initiative, Women’s Chamber for Digital Sri Lanka (WCDSL), an initiative to uplift women participation in digital economy of Sri Lanka through ICT education, career empowerment and supportive policies.

Mrs Wijewardena gained her board executive education at Harvard Business School, and also earned strategy certification for game changing organizations and artificial intelligence in impact for business strategies from Massachusetts Institute of Technology, Sloan School of Management.

Dr. Sivakumar Selliah

Director

Dr. Selliah holds an MBBS degree and a Master’s Degree (M.Phil). He has over two decades of diverse experience in varied fields including Manufacturing, Healthcare, Insurance, Logistics, Packaging, Renewable Power, Plantation, Retail etc. He serves on the Boards of many public listed and private companies.

Dr. Selliah is currently the Deputy Chairman of Asiri Hospital Holdings PLC, Asiri Surgical Hospital PLC and Central Hospitals Private Ltd. He is also a Director of Lanka Tiles PLC, HNB Assurance PLC, Softlogic Holdings PLC, Lanka Walltiles PLC, ACL Cables PLC, Odel PLC, Swisstek (Ceylon) PLC and Swisstek Aluminium (Pvt) Ltd.  In addition, Dr. Selliah is also the Chairman of JAT Holdings PLC, Vydexa (Lanka) Power Corporation (Pvt) Ltd. and Cleanco Lanka (Pvt) Ltd. He has also served on many other Boards in the past. Currently, he also serves on the many Board Sub Committees of some of the companies listed above as the Chairman or a Member.

Dr. Selliah has served as a Senior Lecturer in the Faculty of Medicine, University of Kelaniya for many years in the past and served on several committees. He has also been the Head of the Department of Physiology for many years during his tenure at the Faculty.

S Prabagar

Chief Operating Officer / Executive Director

Mr. Sellathurai Prabagar is a senior banker with over 26 years of diversified banking experience with Commercial Bank and is appointed as Chief Operating Officer and Executive Director from 12th May, 2022.

He has served as branch manager of mid sized and larger branches in Colombo, performed as Chief Operating Officer and Country Manager of the bank’s Bangladesh Operations, provided leadership to internal audit function of the bank as the head and Assistant General Manager, spearheaded the bank operations as the Assistant General Manager in charge of Operations and lead corporate banking as the Deputy General Manager, which was the last position held by him before taking up this responsibility.

Having turned around the branches he managed to greater performance, he contributed and was instrumental in bringing up Bangladesh Operations from a two branch two booth operations to that of a 19 branch operations, 3rd highest profitable bank next only to SCB and HSBC out of 10 foreign banks, which also contributed to around 15% of the overall bottom line of Commercial Bank. Under his leadership, operations in Bangladesh earned AAA credit rating by the leading credit rating agency CRISL .

He currently serves as non-executive director at the Board of CBC Technologies Ltd, a fully owned subsidiary of the bank. Mr. Prabagar has served as the Chairman of Roadmap Committee appointed by Central Bank(CBSL) on implementation of Blockchain technology in Sri Lanka. He represented the bank at National Payment Council meetings at CBSL. He also functioned as the bank’s Ombudsman in resolving customer complaints with Financial Ombudsman of the country. He was the representative of the bank to BTAC (Bankers Technical Assistance Committee) appointed by Bankers Association of Sri Lanka, to take up operational issues faced by banks.

He served in the panel of lecturers to the Post Graduate Diploma in Bank Management offered by Institute of Bankers (IBSL) and carried out lectures over 4 years. He was a Secretary to Bangladesh-Sri Lanka Chamber of Commerce and Industry, actively promoting trade and investment between the countries.

Mr. Prabagar holds an MBA in Banking from University of London, an Associate of Institute of Bankers (AIB – SL), and B.Com fromBharathidasan University in India.

He is fully qualified in CIMA (Chartered institute of Management Accountants – UK), and CISA (Certified in System Audit – USA), also holding a diploma in System Security and Control Audit (DISSCA – CASL).

S Renganathan

Managing Director / Chief Executive Officer

Mr Sivakrishnarajah Renganathan is a career banker who has served Commercial Bank throughout the entirety of his working career; Mr Renganathan has held several key positions in the Bank and been deeply involved in its evolution and growth. In July 2003, 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, and was appointed Country Manager – Bangladesh, in which capacity he led a team of 225 over a five year tenure, building up the Bank’s operations in Bangladesh. On his return to Sri Lanka from Bangladesh, Mr Renganathan was appointed the Bank’s first Chief Risk Officer (CRO) and was responsible for preparing and implementing the Bank’s integrated risk management policy. In April 2011, he was appointed to the pivotal position of Deputy General Manager – Personal Banking in charge of the entire branch network of the Bank . Mr Renganathan was appointed as the Bank’s Chief Operating Officer (COO) and Executive Director on 17th July 2014.

S Renganathan is a Fellow of the Chartered Institute of Management Accountants, UK (FCMA), Fellow of the IFS School of Finance, UK (Fifs) and a Fellow of the Institute of Bankers Sri Lanka (FIB). He is also an associate member of Financial Services Institute of Australasia. He has received extensive Leadership, Management and Banking training in the USA, London, Japan, Thailand, Abu Dhabi, India and many other countries. He has served among others, as a Member of the General Council of the Institute of Bankers of Bangladesh, as founder President of the Sri Lanka Bangladesh Chamber of Commerce and Industry and Executive Committee member of the Foreign Investors Chamber of Commerce and Industry.

T L B Hurulle

Director

Mr Themiya Loku Bandara Hurulle served as a Member of the Public Representations Committee – Sri Lanka Constitutional Reform

He holds a Diploma in Refrigeration & Air Conditioning (Dip.R), from the Southbank University, London SE1 and Engineering Apprentices I & II certification from the University of Moratuwa

Mr Hurulle obtained Corporate Membership (M. Inst.R) of the Institute of Refrigeration, Surrey, in 1978.

He was also a Director General of the Telecommunications Regulatory Commission of Sri Lanka (TRCSL)

Pramith Rajapaksha

Company Secretary

Mr Rajapaksha was appointed as Company Secretary on 1st April 2019. He joined the Bank on 7th February 2011 as the Assistant Company Secretary and counts over 16 years of experience in the field of Company Secretarial Practice. 

Mr Rajapaksha is an Associate of the Chartered Governance Institute, UK (formerly known as Institute of the Chartered Secretaries and Administrators, UK) and a Graduate of the Institute of Chartered Corporate Secretaries (ICCS) of Sri Lanka and he held the position of Assistant Company Secretary of Bank from February 2011 to March 2019 prior to being appointed as the Company Secretary.

He is a member of Sri Lanka Institute of Directors since September 2017.

Mr Rajapaksha currently serves as the Vice President of the Chartered Governance Institute, Sri Lanka Branch and he served as the Company Secretary of CBC Finance Ltd. from 2014 to 2019.

Prof. A K W Jayawardane

Chairman

Prof. A K W Jayawardane has been serving as a Non-Executive Independent Director of the Commercial Bank since April 2015 and currently he is the Chairman of CBC Tech Solutions, a subsidiary of the Commercial Bank and the Chairman of the Board Tech Committee.

Prof. A K W Jayawardane is currently a Commission Member of the University Grants Commission and a Senior Professor in Civil Engineering. He served as the Vice Chancellor of the University of Moratuwa for six years, Dean, Faculty of Engineering for six years and as an Endowed Professor in Entrepreneurship at the University of Moratuwa for one year.

He obtained BSc Eng Degree in Civil Engineering with first class honours from the University of Moratuwa, a Master of Science Degree in Construction from the Loughborough University of Technology UK and a PhD in Construction Management from the same University.

Prof. Jayawardane served as the President of the Institution of Engineers, Sri Lanka. He is also a Director of Sierra Cables PLC and a member of Board of Management of several other institutions. He is 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), Life Member of Sri Lanka Association for Advancement of Science and a Graduate Member of the Sri Lanka Institute of Directors GSLID.

Nimal Fernando

Director

Mr. D N L Fernando is a Professional Banker, who retired from active service in the banking sector in August 2020. In his career spanning over 33 years at the Bank of Ceylon (BoC), he has played many prominent roles in the Recoveries Department and the Product Development Banking Unit where he had initiated a number of noteworthy innovative liability and asset products.

His most immediate previous role was as the Chief Risk Officer (Deputy General Manager) of BoC, which he held for more than four and half years until his retirement in August 2020. Under his guidance as the Chief Executive Officer/ Director of Bank of Ceylon (UK) Ltd., London for 3 years, he had played a key role in successfully redirecting the BoC (UK) for a strategic turnaround.

Mr Fernando is currently the General Manager of Ceybank Holiday Homes (Pvt) Ltd., a subsidiary of BoC Travels (Pvt.) Ltd. and Property Development and Management (Pvt.) Ltd., a subsidiary of BoC.

He holds a Bachelor of Science (Hon.) degree from the University of Colombo and served briefly in the Academic Staff of the (then) Batticaloa University College and, under the Ministry of Education as an Education Officer in “Sri Lanka Education Service”, before joining the Bank of Ceylon in 1986.

In 1998, Mr. Fernando became an Associate Member of Institute of Bankers of Sri Lanka. He has vast experience in branch banking, customer service and Corporate/Retail credit in rural and urban branches for over 14 years and training/exposure in international and treasury operations, which he gained during his service at the Bank of Ceylon London branch and as a member of expatriate staff at the Bank of Ceylon Karachi branch (now closed) in Pakistan. He has also managed 70 BoC branches for 4 years as the Assistant General Manager in charge of the Western Province South (Largest Administrative Region of BoC then), before taking up the assignment at Bank of Ceylon (UK) Ltd. as the CEO/Director in late 2012.

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K Sripavan

Chairman

Mr Kanagasabapathy Sripavan was appointed as the Chief Justice of the Democratic Socialist Republic of Sri Lanka in January 2015 and held office until March 2017. During this period he functioned as the Chairman of the Judicial Services Commission of Sri Lanka, Chairman of the Incorporated Council of Legal Education, Chairman of the Sri Lanka Judges’ Institute and Chairman of the Superior Court Complex Board of Management.

Mr Sripavan was enrolled as an Attorney-at-Law of the Supreme Court of Sri Lanka in 1977. He obtained a Diploma in Industrial Law from the University of Colombo in 1992 and Master of Laws from the University of London in 1994.

He functioned as the Head of the Court of Appeal Unit in the Attorney General’s Department and handled a large volume of work both in the Court of Appeal and in the Supreme Court including Bills and Fundamental Rights Applications. Prior to the elevation to the Court of Appeal Bench he functioned as a Legal Consultant for the National Savings Bank for two years.

He was appointed a Judge of the Court of Appeal in May 2002 and was elevated to the post of President of the Court of Appeal in March 2007 by his Excellency the President. In March 2008 he was elevated to the Supreme Court Bench.