Mr K G D D Dheerasinghe
Chairman
Chairman of the Board since July 2014.
Chairman of the Board Human Resources and Remuneration Committee (BHRRC), Board Nomination Committee (BNC), Board Credit Committee (BCC), Board Investment Committee (BIC) and Board Strategy Development Committee (BSDC). Independent Non-Executive Director since December 2011.
Skills and experience:
An eminent Economist with a distinguished career of over 45 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.Com and B.Phil. (Econ) with First Class Honours from the University of Colombo and MA (Econ) from the University of Leeds, UK. Honorary Fellow of the Institute of Bankers of Sri Lanka and Honorary ACI Diploma holder.
Member of the Sri Lanka Institute of Directors since December 2015.
Other current appointments:
Chairman, Serendib Finance Ltd., Chairman, CBC Myanmar Microfinance Company Limited (The above companies are subsidiaries of the Bank).
Previous appointments:
Senior Deputy Governor of the Central Bank of Sri Lanka. Chairman, Monetary Policy Committee and 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, Director, Fitch Ratings Lanka Limited, Council Member, University of Sri Jayewardenepura, Chairman, Commex S. R. L. (Italy). Chairman, Skills Development Fund Limited and Commissioner, Local Loans & Development Fund.
Shareholding of Bank:
Holds 24,254 voting shares.
Mr M P Jayawardena
Deputy Chairman since July 2014.
Chairman of the Board Integrated Risk Management Committee (BIRMC), Independent Non-Executive Director since December 2011.
Skills and experience:
A senior finance professional with wide experience in the corporate sector, both in Sri Lanka, and overseas. Fellow of The Institute of Chartered Accountants of Sri Lanka. Fellow of the Institute of Chartered Professional Managers of Sri Lanka. Member of the Sri Lanka Institute of Directors.
Other current appointments:
Group Director, CIC Holdings PLC, Chairman, Commercial Insurance Brokers (Pvt) Ltd., and serves on the Boards of many other private companies. He is also a member of the high level advocacy group for IFC led women in work programme, Sri Lanka.
Previous appointments:
Head of Treasury, Zambia Consolidated Copper Mines Ltd., Immediate past President of Sri Lanka Institute of Directors, Member of the Council of The Institute of Chartered Accountants of Sri Lanka, Member of the Monitory Policy Consultative Committee of the Central Bank of Sri Lanka, Past Chairman of the Ceylon National Chamber of Industries.
Shareholding of Bank:
Nil
Mr S Renganathan
Appointed as the Managing Director and Chief Executive Officer in July 2018.
Skills and experience:
A senior banker counting over 39 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 Chief Operating Officer, Deputy General Manager – Personal Banking, and the first Chief Risk Officer of the Bank.
Fellow of the Chartered Institute of Management Accountants, UK (FCMA), Chartered Global Management Accountant (CGMA), Fellow of the London Institute of Banking and Finance, UK (FLIBF), and a Fellow of the Institute of Bankers of Sri Lanka (FIB).Member of Sri Lanka Institute of Directors.
Other current appointments:
Managing Director of Commercial Development Company PLC, Deputy Chairman of Commercial Bank of Maldives (Pvt) Ltd., Director of Lanka Financial Services Bureau Ltd., Director of Sri Lanka Bank’s Association (Guarantee) Ltd., Vice Chairman of International Chamber of Commerce Sri Lanka, Executive Member of The Ceylon Chamber of Commerce, Executive Member of The Council for Business with Britain.
Previous appointments:
Member of the General Council of the Institute of Bankers of Bangladesh, Founder President of the Sri Lanka-Bangladesh Chamber of Commerce and Industry, Executive Member of the Foreign Investors Chamber of Commerce and Industry in Bangladesh.
Shareholding of Bank:
Holds 353,736 voting and 12,143 non-voting shares.
Mr S Swarnajothi
Appointed as an Independent Non-Executive Director in August 2012, Chairman of the Board Audit Committee (BAC).
Skills and experience:
A senior finance professional with experience in both private and public sectors.
Fellow member of The Institute of Chartered Accountants of Sri Lanka and CMA Sri Lanka, a member of CMA Australia. Holds a BSc Degree in Management from the University of Sri Jayewardenepura and a MSc in Project Management from the University of Moratuwa.
Member of Sri Lanka Institute of Directors since December 2015.
Other current appointments:
Member of the Tax Appeals Commission, which position he had held since May 2014.
Previous appointments:
Auditor General of Sri Lanka, from January 2008 to August 2010.
Member of the Governing Council of Moratuwa University – from August 2016 to April 2019.
Member of the National Salaries and Cadre Commission – from March 2016 to April 2019.
Shareholding of Bank:
Holds 11,152 non-voting shares.
Prof A K W Jayawardane
Appointed as an Independent Non-Executive Director in April 2015.
Chairman of the Board Technology Committee (BTC).
Skills and experience:
Vice Chancellor of the University of Moratuwa until November 27, 2017, and a Senior Professor in Civil Engineering. 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 BSc. 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).
Member of Sri Lanka Institute of Directors since December 2015.
Graduate Member of the Sri Lanka Institute of Directors since January 2018.
Other current appointments:
Director of Sierra Cables PLC, Chairman of CBC Tech Solutions Ltd. (a subsidiary of the Bank), Director of Mother Lanka Foundation, Member of the Board of Sri Lanka Engineering Council, and a member of the Board of the Management of several other institutions, Director General of National Science Foundation.
Previous appointments:
Dean, Faculty of Engineering for six years, First NDB Bank Endowed Professor in Entrepreneurship at the University of Moratuwa. President of the Institution of Engineers, Sri Lanka (IESL).
Shareholding of Bank:
Nil
Mr K Dharmasiri
Appointed as an Independent Non-Executive Director in July 2015.
Skills and experience:
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 B.Phil (Econ) and B.Com with First Class Honours from the University of Colombo. Also an Associate Member of the Institute of Bankers of Sri Lanka.
Member of Sri Lanka Institute of Directors since December 2015.
Other current appointments:
None
Previous appointments:
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., Lanka Clear (Pvt) Ltd., Bank of Ceylon (UK) Ltd., and Credit Information Bureau of Sri Lanka.
Shareholding of Bank:
Nil
Mr L D Niyangoda
Appointed as an Independent Non-Executive Director in August 2016.
Skills and experience:
He has a proven track record of over 32 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 37 years.
Holds a Bachelor’s Degree in Agricultural Science 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.
Member of Sri Lanka Institute of Directors since March 2000.
Other current appointments:
Chairman of A Baur & Co. (Pvt) Ltd.
Previous appointments:
Managing Director/Chief Executive Officer of A Baur & Co. (Pvt) Ltd., Chief Operating Officer, A Baur & Co. (Pvt) Ltd., Director of Baur Asia (Pte) Ltd., Singapore.
Shareholding of Bank:
Nil
Ms N T M S Cooray
Appointed as an Independent Non-Executive Director in September 2016.
Skills and experience:
A senior finance professional with wide experience in the private sector.
Holds a Master of Business Administration from the University of Colombo, Fellow Member of the Chartered Institute of Management Accountants, UK (FCMA).
Member of Sri Lanka Institute of Directors since July 2006.
Other current appointments:
Chairman and Managing Director of Jetwing Travels (Pvt) Ltd., and Chairman Jetwing Hotels Ltd.
Previous appointments:
Former Chairperson of the Sri Lanka Institute of Directors. 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. Member, Advisory Council for Tourism and a member of the Board of the Management of several other institutions.
Shareholding of Bank:
Holds 193,062 voting and 51,540 non-voting shares.
Mr T L B Hurulle
Appointed as an Independent Non-Executive Director in April 2017.
Skills and experience:
Holds a Diploma in Refrigeration and Air Conditioning (Dip.R) London, Southbank University, and Engineering Apprentices I & II Programmes, University of Moratuwa. Certificate in Science and Technology of Refrigeration – City & Guilds Institute, London.
Member of Sri Lanka Institute of Directors since August 2017.
Other current appointments:
Director of Kanrich Finance Ltd.
Previous appointments:
Senior Manager/Engineer, Tudawe Trading Co. (Pvt) Ltd., Director-General, Telecommunications Regulatory Commission of Sri Lanka, (TRCSL), Design and Applications Engineer, Metropolitan Air Conditioning & Refrigeration Ltd., London, Divisional Manager/Chief Engineer, Walker Sons & Co. Ltd., Corporate Member (M. Inst.R) of the Institute of Refrigeration, Surrey, United Kingdom (1977/1978).
Awarded the INFOTEL “92 Pioneering” award at INFOTEL 2017 and was a member of the Public Representations Committee (PRC-CR) on Constitutional Reform 2016/2017.
Shareholding of Bank:
Nil
Justice K Sripavan
Appointed as an Independent Non-Executive Director in April 2017.
Chairman of the Board Related Party Transactions Review Committee (BRPTRC)
Skills and experience:
Appointed as the Chief Justice of the Democratic Socialist Republic of Sri Lanka on January 30, 2015 and held office until March 01, 2017.
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, Chairman of the Superior Court Complex, Board of Management, and Chairman of the Mahapola Trust Fund.
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.
Member of Sri Lanka Institute of Directors since August 2017.
Previous appointments:
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.
Appointed as 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. Elevated to the Supreme Court Bench in March 2008.
Shareholding of Bank:
Nil
Mr S C U Manatunge
Appointed as an Executive/Non-Independent Director and Chief Operating Officer in July 2018.
Skills and experience:
He was the former Deputy General Manager – Corporate Banking. He counts for 30 years of experience at the Bank, having held corporate management/senior positions such as Chief Risk Officer, Head of Credit Risk and Chief Manager – Corporate Banking prior to being appointed as the Deputy General Manager – Corporate Banking.
He is a Fellow of the Chartered Institute of Management Accountants, UK (FCMA) and has obtained a Master of Business Administration (MBA) Degree from the University of Sri Jayewardenepura with a Merit Pass. He is also a Fellow Member of the Institute of Bankers – Sri Lanka (FIB) and a Fellow of the Institute of Certified Management Accountants of Sri Lanka (FCMA).
He was instrumental in forming the Association of Banking Sector Risk Professionals, Sri Lanka and was the President in the year 2014. He has also served as a Council Member of the Association of Professional Bankers (APB), and a member of the CIMA – “Thought Leadership Committee” .
He was a visiting lecturer for the MBA Degree Programme at the University of Colombo. Also a resource person at the Training Centre of Central Bank of Sri Lanka, and Institute of Bankers of Sri Lanka.
He was 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 and IT Risk Management.
Other current appointments:
Director, Commercial Bank of Maldives Private Ltd. (Subsidiary of the Bank).
Previous appointments:
Director, CBC Tech Solutions Ltd. (Subsidiary of the Bank).
Shareholding of Bank:
Holds 69,778 voting shares.
Mr R A P Rajapaksha
Appointed as Company Secretary in April 2019.
Skills and experience:
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, counting over 16 years of experience in the field of Company Secretarial Practice including 9 years of experience at the Bank. 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.
Other current appointments:
Vice President of the Chartered Governance Institute, Sri Lanka Branch.
Previous appointments:
Company Secretary of Serendib Finance Ltd. from November 2014 to March 2019.
Shareholding of Bank:
Nil