Prakash Schaffter appointed to BOC Board

Insurance industry specialist Prakash Schaffter has been appointed to the Board of Bank of Ceylon as a Non-Executive Director.

Prakash Schaffter

He is presently the Chairman of Janashakthi Insurance PLC. He is a Fellow of the Chartered Insurance Institute of the United Kingdom with over 25 years of experience in the insurance industry in both Sri Lanka and UK. He holds a Masters in Business Administration from the University of Cambridge and a Bachelor’s Degree in Political Science from the University of London.

Schaffter has held the positions of Director at Softlogic Finance PLC, Kanrich Finance PLC, Orient Finance PLC (formerly Bartleet Finance) and Acland Insurance Brokers, Director/General Manager at Janashakthi Insurance Company Ltd., and Managing Director Janashakthi Insurance PLC. He is also a former President of the Insurance Association of Sri Lanka.

With the latest appointment, the Board of Bank of Ceylon comprises of Chairman Ronald Perera PC, K. Mayadunne, M.T.I. Visakha Amarasekere and P.A. Schaffter and CEO/General Manager K.B.S. Bandara.