Sri Lanka’s greatest personal sector retail financial institution, HNB PLC declared the appointment of Damith Pallewatte as Performing CEO, successful from 6th April 2024, issue to approval of his fit & propriety from Central Bank of Sri Lanka. The strategic appointment comes as aspect of a prepared management transition first announced in May possibly 2023.
A skilled Banking and Chance Management Expert with in excess of 27 a long time of practical experience which include more than 14 years in Senior and Corporate Administration positions, Pallewatte provides a wealth of diverse practical experience to his new function. His job has spanned the complete spectrum of banking operations, such as Technique and Risk Administration, Credit score, Branch Banking and Operations, prior to his most latest tenure as Deputy General Supervisor of HNB’s Wholesale Banking Team.
“As a consequence of the elementary realignment that has taken place at HNB over the previous 10 years, we are ideally positioned to play a transformative role in the national economy. Our aim is to continue on developing on this legacy of toughness, security and innovation.
“Leveraging best in course customer support, rising technologies, and unmatched network abilities, we aim to aid Sri Lankan enterprises of all sizes to hook up to global possibilities, whilst partaking with important sectors and new marketplaces to allow a genuine economic resurgence,” HNB Acting CEO, Damith Pallewatte stated.
Pallewatte provides to his role as Acting CEO of HNB an considerable portfolio of management positions and directorships in just and outside of Sri Lanka. Due to the fact November 2021, he has served as Chairman/Director of Lanka Ventures PLC and LVL Power Fund PLC, equally stated on the Colombo Inventory Trade, showcasing his abilities in undertaking funds and renewable electricity investments throughout Sri Lanka, Bangladesh, and Nepal.
More enriching his profile, Pallewatte holds directorships at Acuity Partners (Pvt) Ltd, Acuity Securities Minimal and Lanka Economical Products and services Bureau Constrained. Additional, he was recently appointed as Vice President/Director of the Global Chamber of Commerce in Sri Lanka.
Pallewatte holds a Grasp of Business Administration (MBA) diploma from the Postgraduate Institute of Management, University of Sri Jayewardenepura and a Bachelor of Science in Administration from the College of London, London Faculty of Economics.
He is also a Accredited Money Risk Supervisor (FRM) by the Worldwide Affiliation of Possibility Industry experts (GARP), an ACI Functions Certificate holder of Monetary Markets Affiliation – France, a Fellow Member of the Chartered Institute of Administration Accountants (CIMA), United kingdom and holds a Sustainability and Local weather Possibility Certification (SCR) from GARP, underscoring his determination to advancing economical, social and environmental sustainability procedures.
Pallewatte’s influence extends into expert accounting and chance management communities as evidenced by his appointments to the MESANA (Center East, South Asia and North Africa) Regional Advisory and Engagement Panels by the Affiliation of Worldwide Accredited Expert Accountants (AICPA) and CIMA, and his leadership roles within just the CIMA Country Community Committee in Sri Lanka and as the Chairman of South Asia Spot Committee masking India, Bangladesh and Sri Lanka.
His tenure as previous president of the Association of Banking Sector Threat Pros, also identified as the CRO Discussion board, and his sizeable contributions as the Chairman of the Complex Committee for the Credit rating Information and facts Bureau of Sri Lanka (CRIB), underscore his commitment to maximizing economic devices and technologies for the broader financial benefit. Before becoming a member of HNB he had stints with Sampath Bank PLC and Nations Belief Financial institution PLC.
With 256 client centres, HNB stands as a single of Sri Lanka’s premier and most technologically ground breaking private banking companies. Having been recognized as the Greatest Retail Financial institution in Sri Lanka for the 14th consecutive calendar year at the Asian Banker World Excellence in Retail Fiscal Products and services Awards 2024, HNB proceeds to solidify its track record in the sector. Also, the financial institution has been honored with prestigious awards, together with Most effective Sector Leader in Trade Monetary Solutions at the renowned Euromoney Awards for Excellence in 2024, highlighting its excellence in services, sector leadership, and dedication to sustainable banking procedures.
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