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Our Management

The Board of Directors

Mr Rienzie Arseculeratne
LL.B (Ceylon), LL.M (Commercial Law) Bristol, Attorney-at-Law, President's Counsel, Solicitor - England, Barrister - Australian Capital Territory (ACT).
(Non-Executive / Independent Director)

Mr Rienzie Arseculeratne is an Attorney-at-Law and a Member of Unofficial Bar practicing Criminal Law and Public Law. He was appointed as a President’s Counsel in 1998.

He holds a LL.B. Degree (Ceylon) and a Master’s Degree in Commercial Law (LL.M.) – Bristol. He has been admitted as a Solicitor of the Supreme Court of England and as a Barrister of the Australian Capital Territory (ACT).

Mr Arseculeratne was the former Director General of the Commission to Investigate Allegations of Bribery or Corruption. He was also a State Counsel, Senior State Counsel, Deputy Solicitor General and Additional Solicitor from 1975 and he was the Head of the Criminal section of the Attorney General’s Department until his retirement in 2003. Mr Arseculeratne was also the Legal Advisor to the Ministry of Fisheries from 1989 to 1993 and served as an Examiner at Sri Lanka Law College.

Managing Director/Chief Executive Officer
Mr Jonathan Alles
M.B.A. Finance (Stirling),
A.I.B. Sri Lanka
(Executive Director)

Mr Jonathan Alles was appointed an Executive Director on 1st May 2013 and Managing Director/Chief Executive Officer on 1st July 2013.

Mr Alles holds an MBA from the University of Stirling, U.K. and is an Associate Member of the Institute of Bankers, Sri Lanka. He counts 28 years of banking experience having served International Banks and HSBC, Sri Lanka and also at Hatton National Bank during the period September 2002 to June 2005. Having returned to Sri Lanka from the UAE in September 2010, Mr Alles re-joined Hatton National Bank in the capacity of Chief Operating Officer

Mr Alles is the Chairman of Sri Lanka Banks’ Association (Guarantee) Ltd, Financial Ombudsman Sri Lanka (Guarantee) Limited, Lanka Financial Services Bureau Ltd, Lanka Ventures PLC and Prime Grameen Micro Finance Ltd. He serves as a Director of Sithma Development (Pvt) Ltd, Acuity Partners (Pvt) Ltd, Acuity Stockbrokers (Pvt) Ltd, HNB Assurance PLC and H N B General Insurance Ltd.

Mr Alles is a member of Sri Lanka Institute of Directors and also serves as a member of the Advisory Committee of Sri Lanka Business & Biodiversity Platform.

Ms M A R C Cooray
B.A. (Hons) (University
of Ceylon, Peradeniya,
Sri Lanka)
M.Sc (Strathclyde University, U.K.)
(Non-Executive Director)

Appointed Director in February 2010 and was the Senior Director till the 30th of October 2014. She is a retired Deputy Governor of the Central Bank of Sri Lanka where she served for over 35 years. She is a Director of Ceylon Guardian Investment Trust PLC, Ceylon Investment PLC and Prime Grameen Micro Finance Limited.

On release from the Central Bank, she had served the Ministry of Finance in the capacity of Director General Fiscal Policy and Economic Affairs Department for nearly 6 years, represented the Government on the Boards of DFCC Bank, Sri Lanka Institute of Information Technology, Sri Lanka Telecom, Ceylon Electricity Board, De La Rue Currency and Security Print (Pvt) Ltd, Export Development Board, National Housing and Development Authority and represented the Monetary Board on West Coast Power (Pvt) Ltd.

She has functioned as the Vice Chairperson of the Institute of Bankers of Sri Lanka for 5 years and has served on a number of Committees at national level covering a variety of subjects representing the Ministry of Finance and the Central Bank. She has also represented the Central Bank and the Ministry of Finance at various international meetings/seminars.

Mrs Cooray has been involved extensively in policy making and implementing projects and programmes especially in the area of regional development and microfinance. She has wide experience in negotiating loans with multilateral and other donors as well as bilateral trade agreements on behalf of the Government. Her articles/papers have been published in professional journals.

Dr Willie W Gamage
B.Sc (University College
of London, U.K.), M.Sc (University of Colombo),
PhD (Rajarata University)
(Non-Executive Director)

Appointed Director on 31st March 2011. Dr Willie W. Gamage served as the Secretary to the Ministry of Botanical Gardens & Public Recreation, while serving as the Chairman/CEO of the Strategic Enterprise Management Agency (SEMA).

He has over 30 years of wide experience in the public, private and non-governmental organisations, having served several such organisations in different capacities. He has extensive experience in formulating and implementing several projects on poverty alleviation, local economic development, promoting alternative energy generation and enhancing capacities in public enterprises.

Dr Gamage has also contributed immensely to the local and regional development initiatives in the areas of Rural Water Supply and Sanitation, Small Scale Fisheries Development, Community Development, Municipal Solid Waste Management, Rural Enterprise Development and Rural Housing Development. Presently Dr Gamage serves as the Senior Director of the Bank.

Dr L R Karunaratne
B.E (India), T.Eng (CEI), MIE (Lon), MBA (U.K.), Ph.D (U.K.), FIIM (HK), FCIOB
(Non-Executive Director)

Appointed Director in October 2011. Dr Rohan Karunaratne, a Consultant Engineer, is the incumbent President of the Ceylon Institute of Builders (CIOB), engaged in developing the construction industry and construction builders in Sri Lanka. Under his Presidency, the First World Green Building Conference in Sri Lanka was launched to introduce Green Building Concept to the construction industry. He is the Managing Director of A.K.K. Engineers (Pvt) Ltd, an Engineering Company specialized in building construction, civil engineering, water supply and waste water, construction of swimming pools and now in road construction. He is the Chairman of Associated Motor Finance Co Ltd, Hybrid Airports (Pvt) Ltd, the Deputy Chairman of the International Institute of Management, a Director of Arpico Finance PLC and the Vice President of Sri Lanka-Myanmar Economic Co-operation Council

He has over 30 years of experience in Civil Engineering, Building Construction, Engineering Consultancy, Construction Training, lecturing in Civil Construction, Designing & Planning. He was the past Chairman of the National Construction Association of Sri Lanka and was the first Chairman of Human Resources Development (Pvt) Ltd and Advance Construction Training Academy

Dr Karunaratne holds a PhD in Management and a MBA from the Sussex University (UK). He is an Engineering Graduate in Civil Engineering and an advanced Diploma holder in HIET (Chennai - India). He is a Fellow of the International Institute of Management and a Fellow of the Ceylon Institute of Builders.

Mr L U D Fernando
MBA (Sri J), FCMA (U.K.)
(Non-Executive Director)

Appointed Director in April 2012. Mr Fernando was the former Executive Director of Sri Lanka Insurance Corporation Limited and of The Lanka Hospitals Corporation PLC. He also had served on the Boards of Distilleries Company of Sri Lanka PLC, Pelwatte Sugar Industries PLC, Melstacorp Limited, Lanka Bell Limited, National Asset Management Limited, Continental Insurance Lanka Limited and the Boards of several other companies in the DCSL Group.

He is a Fellow of Chartered Institute of Management Accountants of United Kingdom. He has been awarded a Master’s degree in Business Administration by the Postgraduate Institute of Management of University of Sri Jayewardenepura.

Mr D T S H Mudalige
FCA (Sri Lanka),
FCPA (Australia)
(Non-Executive Director)

Appointed Director in April 2012. Mr Mudalige is a past President of the Institute of Chartered Accountants of Sri Lanka (CA – Sri Lanka) and is the Chairman of the Sri Lanka Accounting Standards Committee. Mr Mudalige has more than 25 years of experience in public accounting practice and in industry. He was a Member of the Securities and Exchange Commission of Sri Lanka (SEC) and chaired its audit committee. He is a Board Member of the Sri Lanka Accounting and Auditing Standards Monitoring Board (SLAASMB).

Mr Mudalige is the President of the Confederation of Asian and Pacific Accountants (CAPA), the largest regional body of accountants. The confederation includes the professional accountancy bodies of Asian and Pacific nations.

He is a Fellow of the Institute of Chartered Accountants of Sri Lanka (CA-SL), Fellow of the Chartered Institute of Management Accountants (CIMA-UK), Fellow of the Association of Chartered Certified Accountants (ACCA -UK) and Fellow of the Certified Public Accountants (CPA-Australia).

Miss D S C Jayawardena
B.A. Monash University, Australia,
Certified Auditor (DNV-Norway),
CIM – London,
Chartered Marketer
(Non-Executive Director)

Appointed Director in April 2012. Miss D S C Jayawardena is a Director of Lanka Milk Foods (CWE) Plc., Lanka Dairies (Pvt) Ltd, Ambewela Livestock Company Ltd, Pattipola Livestock Company Ltd, Ambewela Products (Pvt) Ltd and Indo Lanka Exports (Pvt) Ltd, since 2009. During the recent past, she has also been appointed a Director of Stassen Exports (Pvt) Ltd, Milford Exports (Ceylon) (Pvt) Ltd, Stassen International (Pvt) Ltd, Stassen Natural Foods (Pvt) Ltd, Ceylon Garden Coir (Pvt) Ltd, Milford Developers (Pvt) Ltd, Stassen Foods (Pvt) Ltd and C B D Exports (Pvt) Ltd.

She has worked as an Intern for the Clinton Foundation in 2008.

Miss Jayawardena holds a B.A. (Commercial Law, Criminology, Sociology) from the Monash University, Australia, Professional Certificate in Marketing (CIM), Diploma in Marketing (CIM) and a Professional Postgraduate Diploma in Marketing (CIM). She is also a Certified Auditor (DNV-Norway), a Member of the Chartered Institute of Marketing (UK) (MCIM) and a Chartered Marketer.

Mr R S Captain
University of Miami, Florida
(Non-Executive Director)

Appointed Director in April 2012. Mr R S Captain is a Director of Polypak Secco Ltd, Paints & General Industries Ltd, Paints & General Industries (Exports) Ltd,Polytex Garments Ltd, CIC Holdings PLC, Propertex Development Ltd, Austin Gloves (Ceylon) Ltd, CEI Plastics Ltd,Ranweli Ltd, Agriland Ltd, Forest Creek Park Ltd, Body Bar (Pvt) Ltd, Horahena Investments Ltd, Palmland Ltd, Parkland Ltd and Randiya Farms Ltd.

Mr Captain has had his Primary education at the Royal College and Secondary education (O/L & A/L) at Millfield, U.K. and the University of Miami, Florida

Mr Amal Cabraal
MBA (University of Colombo), FCIM (UK), Chartered Marketer.
(Non-Executive Director)

Appointed Director with effect from April 1st 2014. He is the former Chairman and Chief Executive Officer of Unilever Sri Lanka. He has over 3 decades of business experience in general management, marketing and sales and apart from Sri Lanka, he has served with Unilever in the United Kingdom, India and Bangladesh. He is an alumnus of INSEAD-France and holds an MBA from the University of Colombo, is a Chartered Marketer by profession and a Fellow of the Chartered Institute of Marketing - UK. He is an independent external Director of John Keells Holdings PLC, Ceylon Beverage Holdings PLC, Lion Brewery (Ceylon) PLC, S A Silva & Sons Ltd and also serves on the Supervisory Board of Associated Motorways Ltd. He is a committee member of the Ceylon Chamber of Commerce and serves on the Management Committee of the Mercantile Services Provident Society

Mr Palitha Pelpola
(Non-Executive / Independent Director)

Mr Palitha Pelpola is currently working as Private Secretary to His Excellency the President.

Mr Pelpola has served the Government of Sri Lanka in the capacities of the Private Secretary to the Minister of Mahaweli Development and Lands & Land Development, Managing Director of Mahaweli Economic Agency, Director of Mahaweli Centre, Special Advisor to the Minister of Plantation Industries and Director General of Mahaweli Authority of Sri Lanka. He has also served as Secretary to the Leader of the Opposition when late Mr Gamini Dissanayake held that position.

He was the former Chief Executive Officer of Leader Publications Ltd and was the Media Consultant of World Health Organization. Mr Palitha Pelpola was also the Senior Advisor of the Ministry of Enterprise Development & Investment Promotion and he has also worked as Executive Director of the Sri Lanka Foundation, Los Angeles, California, USA.

Mr D. Soosaipillai
FCA (Sri Lanka),
FCMA(Sri Lanka).
(Non-Executive / Independent Director)

Mr D Soosaipillai is the Chief Operating Officer to Dunamis Capital PLC, the holding Company of the First Capital Group of Companies and the Kelsey Group of Companies.

He is also an Independent Non-Executive Director, Chairman of the Board Audit Committee and the Board Executive Committee and Member of the Board Integrated Risk Management Committee of Commercial Credit and Finance PLC. He serves as a Non-Executive Director, Chairman of the Board Audit Committee and Chairman of the Board Integrated Risk Management Committee of Trade Finance and Investments PLC. He is involved in the start-up work relating to risk assessment and compliance management of BG Microfinance Myanmar Co Ltd.

Mr Soosaipillai is a fellow of Institute of the Chartered Accountants of Sri Lanka and a fellow of the Institute of Certified Management Accountants of Sri Lanka.

He has over 30 years of experience in Financial Services and in Risk Management and Compliance, both at the operational and strategic levels. He was engaged by the World Bank as a Short Term Consultant on a Payables Assessment assignment in the Maldives as part of a wider Public Finance Management project. Mr Soosaipillai has served as the Managing Director of the Maldives Finance Leasing Company (Pvt) Limited for more than 7 years and as the CEO of Ceylease Financial Services Ltd – a subsidiary of Bank of Ceylon.

Mr A N De Silva
Diploma in Banking (Chartered Institute of Bankers, London, UK), Associate of Chartered Institute of Bankers, London, UK.
(Non-Executive / Independent Director)

Mr A. N. de Silva counts over 40 years of experience in commercial banking. He successfully completed the final examinations of the Chartered Institute of Bankers, London, in 1978 and was consequently elected an Associate of such Institute.

He functioned as the Chief Operating Officer of Union Bank of Colombo PLC from which he retired after 11 & 1/2 years’ service, on 31 March 2015. He was also its Actg. CEO for approximately 2 years between 2008 & 2010.

Prior to joining Union Bank, he was with Hatton National Bank for 29 years up to August 2003 and was Deputy General Manager ,Corporate Banking and a member of all key Committees. He played a leading role in establishing HNB's Credit Risk Division & also compiled the Bank's Credit Manual. He has received extensive training and exposure in banking & management both locally & overseas at institutions such as Dresdner Bank, Germany, National Institute of Bank Management, Pune, India, Centre for Financial Engineering in Development, Washington DC USA, Monash University Mt. Eliza Campus, Melbourne, Australia. He also participated in a study tour of the South African Banking System with the Institute of Bankers, South Africa.

Mr de Silva was also actively involved in HNB's take-over of Indosuez Bank & Habib Bank AG Zurich.

He is also a past Director of Lanka Clear (Pvt) Ltd and an alternate Director of the Credit Information Bureau of Sri Lanka.

Company Secretary
Mrs K A L Thushari Ranaweera
Attorney at Law, Master's Degree in Law (LLM) - University of Cambridge, United Kingdom.
Diploma in International Affairs - Bandaranaike Centre for International Studies, Sri Lanka.

Appointed Company Secretary on 2nd January 2012. She is also the Deputy General Manager - Legal of the Bank. Mrs Ranaweera joined the Bank on 7th October 2010 and counts over 24 years of experience in the field of Banking.

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