Nandika Buddhipala joins NDB Board

Thursday, 15 October 2026 05:39 - - {{hitsCtrl.values.hits}}

Nandika Buddhipala

National Development Bank PLC (NDB) has appointed Nandika Buddhipala to its Board as an Independent Non-Executive Director.

Nandika has over 35 years’ post-qualifying experience in the banking, telecommunication and audit and assurance industries. He was the Chief Financial Officer of Commercial Bank of Ceylon PLC until May 2025, having worked as the CFO for over 17 years. He was the Chief Financial Officer of Mobitel Ltd., before joining Commercial Bank. Nandika is an alumnus of KPMG, having worked in Colombo, the Maldives and Oman.

He is a current Council Member of the University of Sri Jayewardenepura and a former Council Member of the University of Colombo. Nandika is a Board Member and Trustee of the Chartered Institute for Securities and Investment, UK and the Chairman of the CISI National Advisory Committee, Sri Lanka. Nandika serves as a Non-Executive Independent Director of Sarvodaya Development Finance PLC and as a Consultant to the Asian Development Bank.

He was the Chairman of the ACCA Member Network Panel - Sri Lanka, President of the National Chamber of Commerce (NCCSL) and a Vice President of the Organization of Professional Associations of Sri Lanka (OPASL). He is a current member of the Study Boards of the MSc in Financial Mathematics and BSc in Financial Engineering at the Mathematics Dept. of the University of Colombo, and a member of the ACCA Global Forum for Education.

He is the current Chairman of the Banking, Finance and Insurance Committee of CMA Sri Lanka and a member of various committees of CA Sri Lanka, including the Financial Reporting Standards Interpretation & Implementation Committee (FRSII). Nandika was a Member of the Governing Councils of the National Institute of Business Management (NIBM) and the Sri Lanka Accounting and Auditing Standards Monitoring Board (SLAASMB).

He obtained his first degree, a BSc in Business Administration, and a Post Graduate Diploma in Management from the University of Sri Jayewardenepura, and an MBA, an M.A. in Financial Economics and an MSc in Financial Mathematics from the University of Colombo. He is a Fellow Member of CA Sri Lanka, ACCA (UK), CMA and CMA (Aust.), and a Member of CISI (UK).