Bansei Securities President appointed to Pan Asia Bank Board

Japan’s Bansei Securities Co Ltd. President and CEO Toyohiko Murakami has been appointed to the Board of Pan Asia Bank Plc with effect from 24 April subject to the approval of the Central Bank. The appointment follows Bansei Securities acquiring a 15% stake in Pan Asia Bank for Rs. 930 million on 16 April.

Murakami counts over 30 years experience in managing various business fields consisting of securities, finance, insurance, real estate. He joined Bansei Securities in November 2005 and was appointed as the Executive Vice President in February 2006 and as the President and CEO in June 2009. He is also the Chairman of Bansei Hoken (Insurance) Community Co Ltd., a wholly owned subsidiary of Bansei Securities Ltd. Previously Murkami had worked with Zenkoku Hoso Co Ltd., from November 2005 to February 2006 and as a Director of HS Securities Co Ltd., from October 2000 to August 2005.

Following the latest appointment the Board of Directors of Pan Asia Bank Plc comprises Nimal Perera (Chairman), Eshana De Silva (Deputy Chairman), Toyohiko Murakami, Anthony Page (Senior Director), Sunil Adhihetty, M.D.S. Goonatilleke, H.K. Seneviratne, Tharana Thoradeniya, Channa De Silva, G.A.R.D. Prasanna, T. Igarashi and T.C.A. Peiris (Director/CEO).