Ceybank gets new Chairman

Ceybank Asset Management's newly appointed Chairman Charith Kamaladasa (right) assumes duties whilst Executive Director and CEO Chitra Sathkumara is also present

Charith Kamaladasa has assumed duties as the Chairman of Ceybank Asset Management Ltd. (Ceybank AML) the managers of Ceybank Funds and one of the leading asset management companies in Sri Lanka. 

Kamaladasa is the seventh chairman of the company of its 23 years existence. Ceybank AML is an associate company of Bank of Ceylon owning 44% of its shareholding. Other shareholders are Sri Lanka Insurance, Unit Trust of India and Carsons Cumberbatch respectively owning 26%, 17.5% and 12.5% of the shareholding. The company is regulated by the Securities and Exchange Commission of Sri Lanka, while National Savings Bank is functioning as the trustee of the Ceybank funds.