Composition of the Committee
Board Investment Committee (the BIC) consists of the following members whose profiles are given in the section on Board of Directors and Profiles.
Mr K G D D Dheerasinghe* (Chairman)
Mr J Durairatnam (Managing Director/CEO)
Mr S Renganathan
(Director/Chief Operating Officer)
Mr K Dharmasiri* (Director)
Mr G S Jadeja (Director)
*Independent Non-Executive Director
Regular Attendees by Invitation:
Mr K D N Buddhipala (Chief Financial Officer)
Mr K A P Perera (Head of Global Markets)
Mr A N P Sooriyaarachchi
(Assistant General Manager –
Corporate and Investment Banking)
Mr S K K Hettihamu (Chief Risk Officer)
Secretary to the Committee
Mr A Wijesiriwardane (Head of Global Treasury)
Meetings
Name | Eligible to attend/Attended |
Mr K G D D Dheerasinghe | 12/12 |
Mr J Durairatnam | 12/12 |
Mr S Renganathan | 12/12 |
Mr K Dharmasiri | 12/12 |
Mr G S Jadeja | 12/09 |
The Committee meets once a month.
Our investments have mainly been in Government Securities and debt instruments with strategy focused on maintaining liquidity.
The Committee is responsible for the investment-related decisions of the Bank. Hence the Committee will oversee investment activities by providing assistance and guidance, evaluate strategic relevance and financial viability of various investment proposals, monitoring, the Bank’s various investment activities, in accordance with investment policies of the Bank.
Within this framework, the Committee performs the following duties:
The Committee meets monthly and reviews progress of strategic and significant investments, liquidity situation of the Bank, market developments and the country’s economic outlook. The Committee also reviews the monthly performance of Treasury and Investment Banking Division, where the interest rate risk, repricing risk and other market risks are discussed.
The Committee also from time to time would issue instructions to executive officers of the Bank on investment-related activities.
K G D D Dheerasinghe
Chairman – Board Investment Committee
Colombo
February 23, 2018