Veteran banker joins Cargills Bank as Joint Deputy Chairman

Monday, 5 December 2016 00:15 - - {{hitsCtrl.values.hits}}

Cargills Bank has announced the appointment of Rajendra Theagarajah as the Joint Deputy Chairman, further bolstering the organisation which has achieved two key milestones recently.

Theagarajah is a veteran banker with a wealth of experience in the banking and financial services sector and counts over 30 years of experience in banking both locally and internationally.Theagarajah served as Director/Chief Executive Officer (CEO) of National Development Bank Plc (NDB) from August 2013 till 30 November 2016. Prior to that, he served as CEO/Managing Director at Hatton National Bank PLC for 9 years. Theagarajah was also a past Chairman of Sri Lanka Bankers’ Association (Guarantee) Ltd and Financial Ombudsman Sri Lanka (Guarantee) Ltd, former Director of Colombo Stock Exchange and former Chairman of the Asian Bankers Association. He has also served as a Council Member of the Sri Lanka Institute of Directors.

He currently serves as the Vice Chairman of the Ceylon Chamber of Commerce and is a past Chairman of the Chartered Institute of Management Accountants (UK) Sri Lanka Governing Board. He is currently a co-opted member in CIMA UK’s Global Council and also serves as an independent non-executive Director of Carson Cumberbatch PLC.

Commenting on the new appointment, Chairman of Cargills Bank Limited Louis Page stated: “It is my pleasure to welcome Rajendra Theagarajah on Board. We are cognizant of the exemplary service that Mr. Theagarajah has rendered to the banking industry and we are confident that Cargills Bank would immensely benefit from his business acumen and exceptional industry knowledge and enable Cargills Bank to be a lead player in the industry in the foreseeable future.”

The Chairman stated that Theagarajah’s appointment as Joint Deputy Chariman coincides with two milestone achievements by the Bank; the fulfilment of the CBSL Tier I capital requirement of Rs. 10 b and the recording of quarterly profits in the 3rd quarter 2016.

With this new appointment, the Cargills Bank Directorate would be; Chairman Louis Page, Joint Deputy Chairman Ranjit Page, Joint Deputy Chairman Rajendra Theagarajah, Managing Director/CEO Prabhu Mathavan, Senior Director Mangala Boyagoda, Kamalini De Silva, Faizal Salieh and Richard Ebell.