The Bank announced the appointment of Nisala Kodippili as Chief Information Officer while career banker Asanka Ranhotty was appointed as Vice President, SME Banking and Transaction Banking at Union Bank.
Kodippili previously functioned as the Chief Information Officer of Nations Trust Bank and has been instrumental in driving significant information technology and digital innovations in Banks during his career spanning more than 20 years with specialisation in the Banking industry. Nisala Kodippili will give leadership to Union Bank’s evolving digital banking strategy while strengthening its information technology function as a key enabler for business growth. Ranhotty functioned as the Vice President - Head of Cash Management and Trade Finance at Deutsche Bank prior to joining Union Bank.
He is a career Banker with 24 years of experience spanning across SME, Retail Banking, Corporate Banking, Transaction Banking, Trade Finance and Credit Risk in both local and foreign banks. Ranhotty will lead the Cash Management and Transaction Banking business of Union Bank while continuing to drive the SME Banking business of the Bank with a renewed focus on strategic geographies and industries.
The two new appointments come at a significant time of progress for the Bank, which is in its second year of a three year strategic plan for accelerated growth.
The Bank’s persistent growth has resulted in continuous improvement of revenue and profitability and Union Bank’s consistent growth was recently affirmed by Fitch Rating Sri Lanka with an upgrade to its long -term national rating.
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