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Board of Directors

Our Board of Directors has individually and collectively made a unique contribution to our growth. Together they have brought in leadership, innovation and a flair that has set a benchmark that cannot be matched.

K G D D Dheerasinghe

K G D D Dheerasinghe

Chairman

Mr Dheerasinghe, an eminent Economist with a distinguish career of over 40 years in the banking industry was appointed to the Board on December 20, 2011. Prior to his appointment as Chairman on 29th of July 2014, Mr Dheerasinghe was the Deputy Chairman of the Bank. Previously Mr Dheerasinghe was the Senior Deputy Governor of the Central Bank of Sri Lanka and was also the Chairman of the Monetary Policy Committee and Sovereign Ratings Committee. He was also the Alternate Executive Director for Bangladesh, Bhutan, India and Sri Lanka at the International Monetary Fund. Mr Dheerasinghe has published widely in many aspects of economics including debt capital markets and financial globalization and has over 30 referred articles in reputed journals and as book chapters in Sri Lanka and overseas. He has also presented more than 50 papers at international seminars. Mr Dheerasinghe currently serves in the Board of Management of National Science Foundation. He is also a Visiting Lecturer and Moderator/Examiner in Universities of Colombo, Kelaniya, Sri Jayawardenapura and Moratuwa and several professional bodies in Sri Lanka. He has made a significant contribution to the development of the government debt securities market by innovating and structuring key financial instruments and developing its institutional framework. Mr Dheerasinghe is a graduate of the University of Colombo where he has obtained B.Com and B.Phil (Econ) with first class honours. He has obtained M.A.(Econ) from the University of Leeds, UK and is an Honorary Fellow of the Institute of Bankers of Sri Lanka and holder of Honorary ACI Diploma.

M P Jayawardena

M P Jayawardena

Deputy Chairman

Mr. Jayawardena was appointed to the Board of Commercial Bank in December 2011 and was appointed as Deputy Chairman of the Bank on 29th July 2014. He is a Fellow of the Institute of Chartered Accountants of Sri Lanka and accounts for nearly 35 years post qualifying experience both locally and overseas specializing in Finance & Treasury Operations. He was with Zambia Consolidated Copper Mines for 13 years in many senior positions including the Head of Treasury, managing an international loan portfolio of over US$ 2 billion. Currently he serves as the Group Consultant at Chemanex PLC after stepping down as the Company’s Managing Director in March 2013. He is the Chairman of Lanka Rating Agency (Formerly Ram Rating) and Commercial Insurance Brokers (Pvt) Ltd. He is also a Group Director of CIC Holdings PLC and John Keells Foods PLC. Mr. Jayawardena is also a Member of the Monetary Policy Consultative Committee of the Central Bank of Sri Lanka and the Deputy Chairman of the Sri Lanka Institute of Directors.

Jegan Durairatnam

Jegan Durairatnam

Managing Director / Chief Executive Officer

Mr Jegan Durairatnam joined the Bank in 1982. His banking experience covers all aspects of International Trade, Off-shore Banking, Credit, Operations and IT. Mr Durairatnam has been in the Bank’s corporate management team for seven years. The holder of a Bachelors Degree from the University of Peradeniya, Mr Durairatnam has served Commercial Bank in several senior management positions, including Deputy General Manager, Assistant General Manager – International Division and Head of Imports.

S Swarnajothi

S Swarnajothi

Director

Mr S Swarnajothi is a fellow of the Institute of Chartered Accountants of Sri Lanka and a fellow of the Institute of Certified Management Accountants of Sri Lanka and also a member of Institute of Certified Management Accountants of Australia. He holds a BSc Degree in Management from the University of Sri Jayawardenapura and a MSc in Project Management from the University of Moratuwa. Mr Swarnajothi held office as Auditor General of Sri Lanka from January 2008 to August 2010 and prior to that had held many senior positions in the Public Sector as well as in the Private Sector. Mr Swarnajothi currently functions as the Project Director of the Public Sector Capacity Building Project which position he had held since September 2010. 

S Renganathan

S Renganathan

Chief Operating Officer / Executive Director

Mr Sivakrishnarajah Renganathan is a career banker who has served Commercial Bank throughout the entirety of his 34-year working career; Mr Renganathan has held several key positions in the Bank and been deeply involved in its evolution and growth. In July 2003, he led the Bank’s acquisition of the Bangladesh operations of Credit Agricole Indosuez (CAI), Commercial Bank’s first ever acquisition of a banking operation, and was appointed Country Manager – Bangladesh, in which capacity he led a team of 225 over a five year tenure, building up the Bank’s operations in Bangladesh. On his return to Sri Lanka from Bangladesh, Mr Renganathan was appointed the Bank’s first Chief Risk Officer (CRO) and was responsible for preparing and implementing the Bank’s integrated risk management policy. In April 2011, he was appointed to the pivotal position of Deputy General Manager – Personal Banking in charge of the entire branch network of the Bank . Mr Renganathan was appointed as the Bank’s Chief Operating Officer (COO) and Executive Director on 17th July 2014.

S Renganathan is a Fellow of the Chartered Institute of Management Accountants, UK (FCMA), Fellow of the IFS School of Finance, UK (Fifs) and a Fellow of the Institute of Bankers Sri Lanka (FIB). He is also an associate member of Financial Services Institute of Australasia. He has received extensive Leadership, Management and Banking training in the USA, London, Japan, Thailand, Abu Dhabi, India and many other countries. He has served among others, as a Member of the General Council of the Institute of Bankers of Bangladesh, as founder President of the Sri Lanka Bangladesh Chamber of Commerce and Industry and Executive Committee member of the Foreign Investors Chamber of Commerce and Industry.

Prof. A K W Jayawardane

Prof. A K W Jayawardane

Director

Prof. A K W Jayawardane is currently the Vice Chancellor of the University of Moratuwa and a Senior Professor in Civil Engineering. He served as the Dean, Faculty of Engineering for six years and as an Endowed Professor in Entrepreneurship at the University of Moratuwa for one year before he assumed duties as the Vice-Chancellor.

He obtained BSc Eng in Civil Engineering Degree with first class honours from the University of Moratuwa, a Master of Science Degree in Construction from the Loughborough University of Technology UK and a PhD in Construction Management from the same University.

Prof. Jayawardane served as the President of the Institution of Engineers, Sri Lanka. He is also a Director of Sierra Cables PLC and a member of Board of Management of several other institutions. He is also a Corporate Member, a Fellow and an International Professional Engineer of the Institution of Engineers, Sri Lanka (IESL), CEng, FIE(SL), IntPE(SL), Fellow of the National Academy of Sciences of Sri Lanka, FNAS(SL), Founder Member of the Society of Structural Engineers Sri Lanka MSSE(SL) and a Fellow of the Institute of Project Managers, Sri Lanka, FIPM (SL)

K Dharmasiri

K Dharmasiri

Director

Mr K. Dharmasiri is a career banker with over thirty seven years of diversified banking experience both within and outside Sri Lanka. He commenced his career with Bank of Ceylon (BOC) in 1975 and retired as the General Manager/Chief Executive Officer of the Bank in 2013. Prior to the appointment as the Chief Executive Officer, Mr Dharmasiri has performed duties as an Additional General Manager and a Deputy General Manager covering wide range of banking activities mainly, Corporate & Offshore Banking, Recoveries, Finance & Planning, Marketing and Internal Audit.

He has served as a Non- executive Nominee Director on the Boards of Janashakthi Insurance Ltd, Sabaragamuwa Development Bank, Merchant Bank of Sri Lanka PLC, BOC Travels (Private) Ltd, BOC Property Developmet & Management (Private) Ltd, Ceybank Holiday Homes (Private) Ltd, Hotels Colombo (1963) Ltd, Ceybank Asset Management Ltd, Lanka Securities (Private) Ltd, Institute of Bankers of Sri Lanka, Lanka Financial Services (Bureau) Ltd and Lanka Clear (Private) Ltd.

Mr Dharmasiri graduated from the university of Colombo with a First Class Honours in Commerce and Holds a Bachelor of Philosophy in Economics. He is also an associate member of the institute of Bankers of Sri Lanka.

Lakshman Niyangoda

Lakshman Niyangoda

Director

Mr Lakshman Dushyantha Niyangoda is presently serving as the Managing Director/Chief Executive Officer of A Baur & Co. (Pvt) Ltd and counts over 30 years of experience with the Company. He is also a Director of Baur Asia (Pte) Ltd, Singapore. He holds a Bachelor of Science (Agriculture) Degree from the University of Peradeniya. He has also served as a Member of numerous professional bodies, including the Council for Agricultural Research Policy of Sri Lanka, Standing Committee of Agriculture and Veterinary Studies, University Grants Commission and Faculty of Agriculture, University of Peradeniya.

Giriraj Sinh Jadeja

Giriraj Sinh Jadeja

Director

Mr Giriraj Sinh Jadeja is presently serving as Global Head, Financial Innovation at the International Finance Corporation.

A holder of an M.B.A. in Finance from Baruch College CUNY, a Master’s Degree in Hotel Management from Oberoi School of Hotel Management ( A Cornell University Affiliate Program) and B.A. (honors) from St. Stephen’s College, University of Delhi.

He has held several key positions as Regional Industry Head – Asia, Senior Manager-Latin America & The Caribbean Region, Mexico/Bogota, Manager – East Asia & The Pacific Region, Hong Kong, Senior/Principal Investment Officer – Financial Markets Division, Washington D.C. at The International Finance Corporation.

Mr Jadeja has also served as Director Acquisition/Integration and Business Development, New York, NY, Director Finance & Assistant to the CFO, Manager/Senior Manager – Finance at American Express Travel Related Services Inc.

Shiromal Cooray

Shiromal Cooray

Director

Ms Nawalage Therese Manouri Shiromal Cooray is the Managing Director of Jetwing Travels (Pvt) Ltd. She is presently serving as the Chairperson of the Sri Lanka Institute of Directors and also serving on the Advisory Council for Tourism.

She has obtained a Masters in Business Administration from the University of Colombo. She is a Fellow of the Chartered Institute of Management Accountants.

Ms Cooray has held several key positions at J Walter Thompson, Travel Agents Assciation of Sri Lanka and Sri Lanka Association of Inbound Tour Operations.

T L B Hurulle

T L B Hurulle

Director

Mr.Themiya Loku Bandara Hurulle is presently serving as Member of the Public Representations Committee - Sri Lanka Constitutional Reform.

He holds a Diploma in Refrigeration & Air Conditioning (Dip.R), Southbank University, London SE1, UK and Engineering Apprentices I & II Programme from the University of Moratuwa.

Mr Hurulle also a Corporate Member (M. Inst.R) of the Institute of Refrigeration, Surrey, United Kingdom in 1978.

He served as the Director General - Telecommunications Regulatory Commission of Sri Lanka.

K Sripavan

K Sripavan

Director

Mr Kanagasabapathy Sripavan was appointed as the Chief Justice of the Democratic Socialist Republic of Sri Lanka in January 2015 and held office until March 2017. During this period he functioned as the Chairman of the Judicial Services Commission of Sri Lanka, Chairman of the Incorporated Council of Legal Education, Chairman of the Sri Lanka Judges’ Institute and Chairman of the Superior Court Complex Board of Management.

Mr Sripavan was enrolled as an Attorney-at-Law of the Supreme Court of Sri Lanka in 1977. He obtained a Diploma in Industrial Law from the University of Colombo in 1992 and Master of Laws from the University of London in 1994.

He functioned as the Head of the Court of Appeal Unit in the Attorney General’s Department and handled a large volume of work both in the Court of Appeal and in the Supreme Court including Bills and Fundamental Rights Applications. Prior to the elevation to the Court of Appeal Bench he functioned as a Legal Consultant for the National Savings Bank for two years.

He was appointed a Judge of the Court of Appeal in May 2002 and was elevated to the post of President of the Court of Appeal in March 2007 by his Excellency the President. In March 2008 he was elevated to the Supreme Court Bench.

Ranjani Gamage

Ranjani Gamage

Company Secretary

Appointed as Company Secretary on 1st May 2014. Ms Gamage joined the Bank on 1st October 1998 and counts over 15 years of experience in the field of Banking. She is an Attorney-at-law and holds a post Attorney Diploma in Banking and Insurance Laws. Successfully completed a course on Company Secretarial Practice conducted by the Chartered Institute of Management Accountants. Prior to joining the Bank she was an Associate and a Partner at a leading law firm. Ms Gamage has had her Primary Education at Visakha Vidyalaya.

Previous Chairmen

Mr.Dinesh Weerakkody

Mr.Dinesh Weerakkody

December 2011 – July 2014
Mr. M. J. C. Amarasuriya

Mr. M. J. C. Amarasuriya

January 1995 – December 2011
Mr. S.K Wickremasinghe

Mr. S.K Wickremasinghe

August 1989 – December 1994
Dr. V Tennakoon Q.C.

Dr. V Tennakoon Q.C.

April 1985 – August 1989
Mr. V Manicavasagar

Mr. V Manicavasagar

April 1980 – March 1985
Mr. S.F Amerasinghe

Mr. S.F Amerasinghe

November 1971 – April 1980
Mr. T.S Fernando Q.C

Mr. T.S Fernando Q.C

June 1969 – November 1971