Seylan Bank appoints W.D.K. Jayawardena as new Non-Executive Director

Wednesday, 16 October 2013 00:00 - - {{hitsCtrl.values.hits}}

Seylan Bank PLC announced the appointment of W.D.K. Jayawardena as a Non Executive Director of the bank with effect from 1 August 2013. This appointment follows the vacancy created by the resignation of Ajith L. Devasurendra from the bank’s Board of Directors. Jayawardena holds an MBA in Financial Management and is a Fellow Member of the Institute of Bankers, and, an Associate Member of the Institute of Cost and Executive Accountants, London.

Prior to joining LOLC he served as Country Head and CEO (Sri Lanka and Maldives) of Citibank NA from 1998 to 2007. He has varied interests in the fields of investment banking, audit, relationship management, corporate finance, corporate banking, and treasury management. Jayawardena was appointed Chairman of the Sri Lanka Banks Association (SLBA) in 2003/04. He has served as President of the American Chamber of Commerce in Sri Lanka (2006/07) and was appointed to the Financial Sector Reforms Committee (FSRC). He was a member of the National Council of Economic Development (NCED) and has also served as a Board Member of the United States - Sri Lanka Fulbright Commission. Jayawardena joined LOLC in 2007 as Group Managing Director/CEO and headed all business and operating functions of the LOLC Group as a member of the main board of the LOLC Group. He currently holds the Chairmanships and Directorates in the following companies: Group Managing Director/CEO of Lanka Orix Leasing Co PLC, Chairman of Lanka Orix Finance Co PLC, Chairman of Lanka Orix Insurance Co Ltd., Chairman of Lanka Orix Securities Ltd., Chairman of Eden Hotel PLC, Chairman of Speed Italia Ltd., Chairman of United Dendro Energy Solutions Ltd., Chairman of Palm Garden Hotels PLC, Director of Lanka Orix Micro Credit Ltd., Director of Commercial Leasing and Finance PLC, Director Brown and Co PLC and Director of Browns Investments PLC. With his wide ranging experience in the financial sector, Jayawardena will further strengthen the Seylan Bank board at a time the bank is expanding its outreach and market share and building on its strong capital base.