The Case Study - Seylan Bank

228Seylan Bank PLC Annual Report 2009PROFILEs OF the board of DIRECTORSMr. Eastman NarangodaExecutive ChairmanBA (Econ.), FIB, FIMS (UK), FITD (SL),Dip. in Advanced Bank Management(Stockholm)Mr. Eastman Narangoda has vastexperience in the Sri Lankan bankingsector. He spearheaded NationalSavings Bank as its General Manager/CEO for over five years. During histenure, NSB was awarded AAA rating byFitch Ratings for four consecutive years.Mr. Narangoda is a former Presidentof the Association of Professional Bankersof Sri Lanka and had held the positionsof Director/Vice-Chairman of FinancialOmbudsman (Sri Lanka) Limited, Directorof NSB Fund Management Co., AshaCentral Hospital Limited and MercantileLeasing Limited and had also been aDirector of the Institute of Bankers. Hewas also appointed as the Commissionerof the Presidential Commission on FailedFinance Companies. He is currently aDirector of Wealth Trust Corporation (Pvt)Limited and the President of Sri LankaInstitute of Training and Development.Mr. Narangoda was appointed to theBoard of Seylan Bank PLC on30th December 2008.Mr. R. Nadarajah Executive DirectorB.Sc. (Hons.), MBA, FCIB (London)Mr. Ramanathan Nadarajah brings withhim 40 years of banking experience inboth state and private sector banks. Heserved as Managing Director/GeneralManager/CEO of Pan Asia Bank for sixyears and previously served at Bank ofCeylon in various capacities includingas a Deputy General Manager. He wasthe inaugural President of the PrimaryDealers Association and has been aPast President of the Association ofProfessional Bankers of Sri Lanka.Mr. Nadarajah was appointed to theBoard of Seylan Bank PLC on8th January 2009.Mr. Nihal Jayamanne - President’sCounsel DirectorMr. Nihal Jayamanne PC is an eminentlawyer and holds key offices in the fieldsof law, including as Member of theAdvisory Council of Jurists of the AsiaPacific Forum for the Advancement ofHuman Rights, Chairman-Law CollegeFoundation and Member of the Board ofTrustees of the Judicial InfrastructureMaintenance Trust. He was also thePresident of the Bar Association ofSri Lanka, the Vice-Presidentof SAARCLAW and a Member of theLaw Commission of Sri Lanka and ofthe National Police Commission ofSri Lanka. Mr. Jayamanne PC is on theBoards of SriLankan Airlines Limitedand SriLankan Catering (Pvt) Limited.He is also a former Commissioner ofthe Telecom Regulatory Commission ofSri Lanka and a former member of theCouncil of Legal Education.Mr. Jayamanne was appointed to theBoard of Seylan Bank PLC on30th December 2008.Mr. Lalith Withana DirectorMBA, BA (Hons.), FCMA, FCAMr. Lalith Withana counts over 20 yearsin management positions within thecorporate sector of which more than12 years have been at senior levels inbanking, trade and manufacturing, withexperience at organisations such asBrandix, Messrs Ernst & Young, AmroBank, IBM and Carson Cumberbatch PLC.He currently holds the position ofConsultant at Brandix Asia Limitedand has also been the CEO of BrandixCasualware Limited, Brandix LightsewLimited and CEO - Procurement ofBrandix Apparels Limited. He hadserved on the Boards of Bank of Ceylon,Dankotuwa Porcelain PLC, MerchantBank of Sri Lanka and Ceylease FinancialServices Limited. He had also been aCommissioner of the TelecommunicationRegulatory Commission.Mr. Withana was appointed tothe Board of Seylan Bank PLC on30th December 2008.Rear Admiral (Rtd.) B.A.J.G. PeirisDirectorRSP, VSV, USP, ndc, psc, DISSRear Admiral (Rtd.) Ananda Peiris is adecorated officer of the Sri Lanka Navycounting a service record of over 34years. His naval experience includesserving as the Area Commander -Eastern Naval Command, WesternNaval Command and Southern NavalCommand. He was also twice appointedthe Deputy Area Commander ofNorthern Naval Command and SquadronCommander Fast Attack Craft and hastaken part in almost all major operationsin the North and East. He had also beenthe Director - Naval Administration &Welfare, Director - Naval Personnel &Training and Director General (Services),Sri Lanka Navy. He retired from theregular naval service on 29th January2009 and has since been mobilised to theregular naval reserve. He currently holdsthe post of Director General - Sri LankaCivil Defence Force to which position hewas appointed in mid February 2010.Rear Admiral (Rtd.) Ananda Peiriswas granted the accolades of RanaSura Padakkama (RSP), Vishishta SewaVibhushanaya (VSV) and Uttama SevaPadakkama (USP) for his service tothe nation, while he was also awardedseveral medals during his tenure ofservice in the Navy including Sri LankaNavy 50th Anniversary Medal (2001),Sri Lanka Armed Services Long ServiceMedal, President’s Inauguration Medal(1978), North-East Operation Medal andPurna Bumi Padakkama.Rear Admiral (Rtd.) Ananda Peiris wasappointed to the Board of Seylan BankPLC with effect from 8th January 2009.He was also elected as the Chairmanof the Bank’s subsidiary, SeylanDevelopments PLC (formerly CeylincoSeylan Developments PLC) with effectfrom 11th September 2009.Mr. Pradeep G.S. Kariyawasam DirectorMr. Pradeep Kariyawasam is thepresent Chairman of Sri LankaInsurance Corporation Limited and isalso on the Board of Lanka HospitalsCorporation PLC (Apollo Hospitals).Mr. Kariyawasam is a senior corporatefigure with over thirty years of experiencein the private sector, of which over15 years has been as Chief Executiveand General Manager level at UnimoEnterprises, United Motors Lanka PLCand Browns Group of Companies.Mr. Kariyawasam could also be singularlycredited in the setting-up of overalloperations at Ceylinco Limited, theforemost Principal Agency of NationalInsurance Corporation during a 3-yearperiod from the late 80s to early 90s. Hisextensive experience in marketing andsales management encompasses a crosssection of large corporate conglomerates.Mr. Kariyawasam has also functionedas a respected consultant in businessmanagement and project management.He holds a Certificate of Marketing fromCIM (UK).