Rangamuwa appointed Pan Asia Bank Deputy Chairman

Tuesday, 30 January 2018 00:00 - - {{hitsCtrl.values.hits}}

Sarath B Rangamuwa has been appointed as Deputy Chairman of Pan Asia Banking Corporation PLC with effect from 29 January, having previously held the position of Director.

The appointment follows the retirement of Harris Premaratne on reaching 70 years of age as per the Corporate Governance Rules of the Central Bank. Premaratne was appointed to the PABC Board on 19 January 2017 as a Director and as Deputy Chairman on 25 January 2017.

Rangamuwa is also the Managing Director of Vallibel Finance PLC, a position he has held since its relaunch, and also serves as a Director of Hunnas Falls PLC and Finance House Consortium.

An experienced professional in management, finance, credit and marketing, he counts over 26 years of senior management exposure, having held key positions at strategic and operational levels.

He is a former Director of Mercantile Investments PLC and also had stints at Central Finance and Ernst & Young.

A Fellow of the Chartered Institute of Marketing (UK), Rangamuwa is a member of the Institute of Management Accountants (Australia) and has an MBA from the University of Southern Queensland. He is also a Fellow of the Sri Lanka Institute of Credit Management and holds a Post Graduate Diploma in Finance Administration from the Institute of Chartered Accountants of Sri Lanka, and a certificate in Foundation studies (Sports) from Unitec, New Zealand.

Following the change, the Board of Pan Asia Banking Corporation PLC comprises of GARD Prasanna (Chairman), JSB Rangamuwa (Deputy Chairman), NR Tillekaratne (CEO), T Igarashi, T Murakami, MA Abeynaike, AA Wijepala, HNJ Chandrasekera, U Ota (alternate to Murakami), JDN Kekulawala and MYA Perera.