Krishan Balendra appointed Chairman of Nations Trust Bank

Wednesday, 2 April 2014 00:00 - - {{hitsCtrl.values.hits}}

Nations Trust Bank PLC has announced the appointment of Krishan Balendra as the Chairman of Nations Trust Bank (NTB) with effect from 1 May, succeeding Arjuna Gunaratne, who will be resigning with effect from 30 April, following the completion of nine years on the Board of NTB, in compliance with Central Bank of Sri Lanka rules.

The appointment of Balendra was unanimously decided at the meeting of the Board of Directors of NTB held on 31 March. Balendra was appointed to the Board of NTB in December 2009 and currently serves as a member of the Board Supervisory Committee, the Human Resources and Remuneration Committee, Nomination Committee and the Board Credit Committee of the Bank. He is a President and member of the Group Executive Committee of John Keells Holdings PLC and has responsibility for the Retail sector and John Keells Stock Brokers. He is the Chairman of the Colombo Stock Exchange. He started his professional career at UBS Warburg, Hong Kong, in investment banking, focusing primarily on equity capital markets. After a four-year stint in Hong Kong, he continued his career in corporate finance at Aitken Spence & Co. PLC, Sri Lanka prior to joining JKH. Balendra holds a law degree (LLB) from the University of London and an MBA from INSEAD. Nations Trust Bank PLC is one of the fastest growing banks in Sri Lanka today. Its market positioning of being the benchmark of customer convenience is ably supported by a host of financial products and services that is offered to a wide customer segment. The bank now operates 73 branches, an ATM network of 102 locations and is the sole issuer and acquirer for American Express cards in Sri Lanka.