Friday Feb 27, 2026
Friday Feb 27, 2026
Friday, 27 February 2026 00:21 - - {{hitsCtrl.values.hits}}
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| Hasrath Munasinghe |
The Board of Directors of Commercial Bank of Ceylon PLC has appointed Hasrath Munasinghe as Executive Director/Chief Operating Officer of the bank with effect from 27 April 2026.
He succeeds S. Prabagar, who retires on 26 April 2026 after serving in the position for four years, and completing a distinguished career of more than 30 years with Commercial Bank.
Munasinghe currently functions as Deputy General Manager – Corporate Banking at Commercial Bank and previously served as Deputy General Manager – Retail Banking and Marketing. Over the course of his career at the bank, he has overseen Corporate Banking, Retail Banking, Digital Banking, Marketing, the Cards Business, Remittances, Customer Experience, and Sustainability, guiding these key verticals to deliver sustained growth and strong performance outcomes. Munasinghe also serves as a Trustee of the Commercial Bank CSR Trust.
A corporate executive with 31 years of multidisciplinary experience across banking, telecommunications, fast-moving consumer goods (FMCG), and media, Munasinghe brings more than 20 years of senior management experience to his new role, including 15 years in corporate management at Commercial Bank.
Throughout his tenure at Commercial Bank, Munasinghe has been instrumental in shaping progressive strategies that align business expansion with long-term value creation. Recognised for his expertise in strategy development and business growth, he has consistently delivered measurable impact by driving portfolio expansion, strengthening asset quality, and enhancing customer franchise value.
He has led large, cross-functional teams across key banking segments to achieve sustained growth, improved profitability, and disciplined execution in competitive market environments, while guiding operations through evolving regulatory, technological, and market dynamics.
His leadership has received international recognition. Among multiple accolades, he was named one of the ‘10 Outstanding Young Persons in Sri Lanka,’ ‘Marketing Leader in Asia,’ and one of the ‘Top 100 Global Marketing Leaders.’
He also serves as a Non-Independent, Non-Executive Director of the bank’s fully owned subsidiary CBC Finance PLC and is a Board member of the UN Global Compact (UNGC) Network Sri Lanka. In addition, he has served as a Board Director of the Business and Biodiversity Platform of The Ceylon Chamber of Commerce, reflecting his commitment to responsible corporate governance and sustainable development.
An academically accomplished professional, Munasinghe holds a Master of Science in Information Technology from the University of Moratuwa and a Master of Business Administration from the University of Southern Queensland, Australia. He is a Chartered Management Accountant (ACMA, CGMA) of CIMA (UK), a Fellow of the Chartered Management Institute (FCMI), and a Chartered Marketer of CIM (UK).
