HNB Ushers in New Era with Damith Pallewatte at the Helm as Acting CEO
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Sri Lanka’s most significant personal sector retail financial institution, HNB PLC declared the appointment of Damith Pallewatte as Acting CEO, helpful from 6th April 2024, matter to approval of his in good shape & propriety from Central Lender of Sri Lanka. The strategic appointment arrives as element of a prepared management transition to start with introduced in May perhaps 2023.
A experienced Banking and Danger Management Qualified with in excess of 27 a long time of working experience including additional than 14 a long time in Senior and Corporate Management positions, Pallewatte provides a prosperity of assorted encounter to his new job. His profession has spanned the entire spectrum of banking functions, together with Tactic and Threat Administration, Credit history, Department Banking and Functions, right before his most new tenure as Deputy Typical Supervisor of HNB’s Wholesale Banking Team.
“As a result of the fundamental realignment that has taken area at HNB above the past decade, we are ideally positioned to enjoy a transformative purpose in the nationwide overall economy. Our aim is to continue developing on this legacy of energy, steadiness and innovation.
“Leveraging best in class customer service, emerging technologies, and unmatched network capabilities, we purpose to aid Sri Lankan enterprises of all dimensions to link to world chances, even though participating with significant sectors and new markets to enable a true economic resurgence,” HNB Performing CEO, Damith Pallewatte mentioned.
Pallewatte provides to his function as Acting CEO of HNB an intensive portfolio of leadership positions and directorships within and further than Sri Lanka. Since November 2021, he has served as Chairman/Director of Lanka Ventures PLC and LVL Vitality Fund PLC, both equally shown on the Colombo Inventory Exchange, showcasing his expertise in enterprise capital and renewable energy investments throughout Sri Lanka, Bangladesh, and Nepal.
Additional enriching his profile, Pallewatte retains directorships at Acuity Companions (Pvt) Ltd, Acuity Securities Limited and Lanka Economic Solutions Bureau Minimal. More, he was just lately appointed as Vice President/Director of the Global Chamber of Commerce in Sri Lanka.
Pallewatte retains a Grasp of Enterprise Administration (MBA) diploma from the Postgraduate Institute of Management, College of Sri Jayewardenepura and a Bachelor of Science in Management from the University of London, London Faculty of Economics.
He is also a Licensed Financial Threat Supervisor (FRM) by the Global Affiliation of Possibility Gurus (GARP), an ACI Operations Certificate holder of Financial Marketplaces Association – France, a Fellow Member of the Chartered Institute of Administration Accountants (CIMA), United kingdom and retains a Sustainability and Local climate Danger Certificate (SCR) from GARP, underscoring his devotion to advancing financial, social and environmental sustainability procedures.
Pallewatte’s impact extends into expert accounting and risk management communities as evidenced by his appointments to the MESANA (Center East, South Asia and North Africa) Regional Advisory and Engagement Panels by the Association of Worldwide Accredited Experienced Accountants (AICPA) and CIMA, and his management roles inside the CIMA Country Network Committee in Sri Lanka and as the Chairman of South Asia Location Committee masking India, Bangladesh and Sri Lanka.
His tenure as past president of the Association of Banking Sector Hazard Specialists, also known as the CRO Discussion board, and his significant contributions as the Chairman of the Specialized Committee for the Credit history Information Bureau of Sri Lanka (CRIB), underscore his determination to maximizing financial systems and technologies for the broader economic advantage. Before signing up for HNB he experienced stints with Sampath Bank PLC and Nations Belief Bank PLC.
With 256 buyer centres, HNB stands as one particular of Sri Lanka’s biggest and most technologically progressive personal banking institutions. Possessing been acknowledged as the Finest Retail Lender in Sri Lanka for the 14th consecutive 12 months at the Asian Banker World wide Excellence in Retail Money Providers Awards 2024, HNB continues to solidify its name in the sector. Also, the lender has been honored with prestigious awards, such as Ideal Sector Chief in Trade Monetary Providers at the renowned Euromoney Awards for Excellence in 2024, highlighting its excellence in support, market management, and determination to sustainable banking procedures.
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