Board of Directors

Mr Rienzie Arseculeratne

(Non-Executive Director)

LL.B (Ceylon), LL.M (Commercial Law) Bristol
President’s Counsel
Solicitor – England, Barrister – Australian Capital Territory (ACT)

Appointed Director in April 2015 and Chairman in May 2015. Mr Rienzie Arseculeratne is an Attorney-at-Law and a Member of Unofficial Bar practicing Criminal Law and Public Law. He was appointed a President’s Counsel in 1998.

He holds a Law Degree from the University of Ceylon (LL.B) and a Master’s Degree (LL.M) from the University of Bristol, U.K. in Commercial Law. 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 – 2003 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.

Mr Arseculeratne is a Member of the Board of Governors of the Office of National Unity and Reconciliation.


Mr Jonathan Alles

Managing Director/Chief Executive Officer
(Executive Director)

M.B.A. Finance (Stirling),
A.I.B. Sri Lanka

Appointed an Executive Director on 1st May 2013 and Managing Director/Chief Executive Officer on 1st July 2013.

Mr Jonathan Alles holds a MBA from the University of Stirling, U.K. and is an Associate Member of the Institute of Bankers, Sri Lanka. He counts 30 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 Lanka Financial Services Bureau Ltd, Lanka Ventures PLC, LVL Energy Fund and HNB Grameen Finance Ltd. He serves as a Director of Acuity Partners (Pvt) Ltd.

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


Ms M A R C Cooray

(Non-Executive Director)

B.A. (Hons) (University of Ceylon, Peradeniya, Sri Lanka)
M.Sc (Strathclyde University, U.K.)

Appointed Director in February 2010 and was the Senior Independent Director till the 30th of October 2014. Mrs Rose Cooray having served the Central Bank of Sri Lanka for 35 years retired as a Deputy Governor and counts over 40 years of experience in the financial sector. She is the Chairperson of HNB Assurance PLC, H N B General Insurance Limited, Sithma Development (Private) Limited, Ceylon Guardian Investment Trust PLC and Ceylon Investments PLC . She is also a Director of HNB Grameen Finance Limited and Guardian Capital Partners PLC.

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 represented the Central Bank and the Ministry of Finance at various international meetings and been a resource person at a number of local and international 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 L R Karunaratne

(Non-Executive Director)

B.E (India), T.Eng (CEI), MIE (Lon), MBA (U.K.), Ph.D (U.K.), FIIM (HK), FCIOB (Ceylon)

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. He is the Chairman of A.K.K Engineers (Pvt) Ltd, an Engineering Company Specializing in building construction, Civil engineering, water supply and waste water, construction of swimming pools and now in road construction too. Also in the advisory council of mega police development in Sri Lanka and Export Development Board. He is the Chairman of Associated Motor Finance Co Ltd, Hybrid Airports (Pvt) Ltd, Master Builders International (Pvt) Ltd, Pinthaliya Holiday Resorts & Spa and is also the Deputy Chairman of the International Institute of Management.

He has over 30 years of experience in civil 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. He is also a Director in Arpico Finance PLC, Sino Lanka Hotels & Spa (Pvt) Ltd and Canwill Holdings (Pvt) Ltd.

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 (HK) and a fellow of the Ceylon Institute of Builders.

Mr D T S H Mudalige

(Non-Executive Director)

FCA (Sri Lanka), FCMA (UK), FCCA (UK), FCPA (Australia)

Appointed Director in April 2012. Mr Sujeewa 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 has served as a Board Member of the Sri Lanka Accounting and Auditing Standards Monitoring Board (SLAASMB) and Financial Systems Stability Consultative Committee (FSSCC) of the Central Bank of Sri Lanka.

Mr Mudalige is also a past 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

(Non-Executive Director)

B.A. Monash University, Australia, Certified Auditor (DNV-Norway), CIM – London, MCIM (U.K), Chartered Marketer

Appointed Director in April 2012. Miss D S C Jayawardena is 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, C B D Exports (Pvt) Ltd, 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. 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

(Non-Executive Director)

University of Miami, Florida

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, Cisco Specialty Packaging (Pvt) 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 D A Cabraal

(Non-Executive Director)

Chartered Marketer – FCIM (U.K.), MBA – University of Colombo, Alumnus – INSEAD - France

Appointed Director in April 2014.
Amal Cabraal is the former Chairman and CEO of Unilever Sri Lanka. He has over 3 decades of business experience in general management, marketing and sales in Sri Lanka and overseas. He is an alumnus of INSEAD-France and holds a MBA from the University of Colombo. A Chartered Marketer by profession and a Fellow of the Chartered Institute of Marketing – UK. He is presently the Non-Executive Chairman of the CIC Feeds Group of companies and serves as an independent non-executive Director of John Keells Holdings PLC, Ceylon Beverage Holdings PLC, Lion Brewery (Ceylon) PLC, Silvermill Investment Holdings (Pvt) Ltd and 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 Director)

Institute of Cost & Management Accountants Part III

Appointed Director in April 2015. Mr Palitha Pelpola is currently the Presidential Coordinating Secretary at the Ministry of Defense while being Chairman of Ceybank Asset Management Limited. He also served as Private Secretary to His Excellency the President from January 2015 to November 2015. 

Mr Pelpola has also 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

(Non-Executive / Independent Director)

FCA (Sri Lanka), FCMA(Sri Lanka)

Appointed Director in April 2015. Mr D Soosaipillai is a fellow of the Institute of the Chartered Accountants of Sri Lanka and a fellow of the Institute of Certified Management Accountants of Sri Lanka. 

He is an Independent Non-Executive Director of Commercial Credit and Finance PLC, where he also functions as Chairman of the Board Audit Committee and the Board Executive Committee and Member of the Board Integrated Risk Management Committee.

Mr Soosaipillai 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 in 2012. Mr Soosaipillai also served as the Managing Director of the Maldives Finance Leasing Company (Pvt) Limited for more than 7 years and as the Chief Executive Officer of Ceylease Financial Services Ltd – a subsidiary of the Bank of Ceylon. More recently, he has also served as the Chief Operating Officer of Dunamis Capital PLC, the holding Company of the First Capital Group of Companies and the Kelsey Group of Companies.

Mr Nilanth De Silva

(Non-Executive Director)

Diploma in Banking (Chartered Institute of Bankers, London, UK)

Appointed Director in April 2015. 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 Acting Chief Executive Officer 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 a Director of Malwatte Valley Plantation PLC and Holco (Ceylon) (Private) Ltd. He is also a past Director of Lanka Clear (Pvt) Ltd and an alternate Director of the Credit Information Bureau of Sri Lanka.

Mr Dinesh Weerakkody

(Non-Executive Director)


Appointed Director in June 2017. Mr Dinesh Weerakkody is the Chairman of the National Human Resource Development Council of Sri Lanka and Cornucopia Sri Lanka. He holds several honorary Advisory roles in the current government.

He was also the Chairman of the government appointed Committee to review the Banking Sector and NBFI consolidation and the Committee appointed to review the Budgetary Allocation for Education. He is a former Chairman of the Commercial Bank of Ceylon PLC and the Employees’ Trust Fund Board of Sri Lanka. He was also a Director of DFCC Bank.

He currently serves in a number of private sector and MNC boards and Chairs / Member of the Audit Committee and the Remuneration Committee in several of those companies. He is a Vice President of the International Chamber of Commerce Sri Lanka and a Council Member of the Employers Federation of Ceylon and the Institute of Directors of Sri Lanka. He is a member of the CIMA Asia Pacific Industry Advisory Body.

He is an Advanced Diploma holder in Business Administration from (ABE UK), a Fellow Member of both the Chartered Institute of Management Accountants (UK) and the Certified Management Accountants (Sri Lanka), Professional Member of the Singapore Human Resource Institute and holds an MBA from the University of Leicester, UK. He was conferred an honorary membership by the Institute of Personnel Management of Sri Lanka for his contribution to HR. Mr Weerakkody has received extensive Leadership, Economic and Finance, HR, and Management training in the UK, USA, France, Japan, Singapore and India.

He is the recipient of a Jaycees Ten Outstanding Young Persons Award in 1999 and an International Associations of Lions Clubs National Achievers Award in 2008 for the advancement of good governance in the public sector.

Mr Weerakkody has published widely on Economics, Banking and Finance, HR, Leadership, Management, International Relations and development issues. He is an author of six books and is a regular business speaker / commentator.

Mrs K A L Thushari Ranaweera

Company Secretary

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 23 years of experience in the field of Banking. She holds a Master’s of Law Degree from the University of Cambridge, U.K.