The Board of Directors of Union Bank of Colombo PLC announced the appointment of experienced banker Priyantha Fernando as Deputy Chairman of the Bank.Fernando’s appointment comes in the wake of the retirement of Asoka De Silva from this position with effect from May 29, 2017,
De Silva had completed his nine-year service period as per the corporate governance rules of the Central Bank of Sri Lanka.
Prior to the new appointment, Fernando has served as an Independent Non-Executive Director on the Bank’s board for six years, while chairing the Integrated Risk Management Committee of the Bank and also serving as a member on the Board Audit Committee, Human Resources and Remuneration Committee and the Nomination Committee.
Fernando counts more than 35 years of experience in the banking and finance sectors and was attached to the Central Bank of Sri Lanka serving in senior and diverse capacities.
He served as the Deputy Governor of the Central Bank in 2010-2011, in charge of the Financial System Stability and the Corporate Service clusters.
Fernando possesses extensive experience and expertise in the fields of banking and financial sector regulation, information technology, national accounting and statistics, fund management and risk management.
At the Central Bank, he served as Chairman of the Financial Stability Committee, a member of the Monetary Policy Committee, a member of the Risk Management Committee and the Chairman of the National Payment Council.
At present, he holds directorships at Commercial Leasing and Finance Company, Taprobane Holdings, Ceylon Leather Products, Imperial Institute of Higher Education, Thomas Cook Travels Sri Lanka and Equi Capital Investments.
Fernando is also the Chairman appointed by the Central Bank to the Golden Key Credit Card Company Limited and is the Chairman of Golden Key Hospitals.
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