Friday Nov 15, 2024
Friday Nov 15, 2024
Wednesday, 16 July 2014 00:02 - - {{hitsCtrl.values.hits}}
A senior member of Commercial Bank’s corporate management team for the past nine years, Jegan Durairatnam joined the bank in 1982. His banking experience covers all aspects of international trade, off-shore banking, credit, operations and IT.
The holder of a Bachelor’s Degree from the University of Peradeniya, he has served Commercial Bank in several senior management positions, including Deputy General Manager, Assistant General Manager – International Division and Head of Imports.
He was appointed the bank’s Chief Operating Officer/Executive Director in April 2012, in which capacity he oversaw the corporate banking, personal banking, information technology, imports and exports, procurement and premises, operations, foreign currency bureau/travels and recoveries functions of the bank.
Ravi Dias, who took the helm of Commercial Bank in April 2012, commenced his career with the bank in 1974 and has held many important posts while playing a pivotal role in its growth. A member of the bank’s corporate management from July 1995, he was appointed Chief Operating Officer in February 2008 and to the Board in December 2010.
Commenting on his appointment as MD and CEO of Commercial Bank, Durairatnam said: “The country is going through a development drive in which the Commercial Bank has a crucial role to play as the biggest private bank in the country. Ravi Dias has provided exemplary and inspiring leadership to Commercial Bank over the past two years, and I look forward to building on what he has achieved by turning the challenges the sector faces into opportunities for growth.”
The only Sri Lankan bank to be listed four years consecutively in the world’s top 1,000 banks, the bank ended FY2013 with gross income of Rs. 73.16 billion, profit before tax of Rs. 14.51 billion, profit after tax of Rs, 10.445 billion and assets of Rs. 606.607 billion.
Commercial Bank operates a network of 237 branches and 597 ATMs in Sri Lanka. Ranked the most valuable private sector brand in the country in 2014, the bank has won multiple awards as Sri Lanka’s best bank over several years, and was adjudged one of the country’s 10 best corporate citizens by the Ceylon Chamber of Commerce in 2013.
Renganathan appointed Commercial Bank Director/COOCommercial Bank PLC yesterday announced the appointment of S. Renganathan as an Executive Non-Independent Director and Chief Operating Officer with effect from 17 July 2014. Renganathan has served the bank throughout the entirety of his career for over 33 years and has held several key positions in the bank.
In July 2003, he led the bank’s acquisition of the Bangladesh operations of Credit Agricole Indosuez (CAI), Commercial Bank’s first ever acquisition of a banking operation and was appointed Country Manager – Bangladesh in which capacity he led the Bangladesh team of staff over a five-year tenure building up the bank’s operations in Bangladesh.
On his return to the country, he was appointed as the bank’s first Chief Risk officer (CRO) and was responsible for preparing and implementing the bank’s Integrated Risk Management Policy. In April 2011, he was appointed to the pivotal position of Deputy General Manager – Personal Banking Division.
Renganathan is a Fellow of the Chartered Institute of Management Accountants, UK (FCMA), Fellow of the IFS School of Finance, UK (FIFS) and a Fellow of the Institute of Bankers Sri Lanka (FIB). He is also an associate member of the Financial Services Institute of Australasia. He has received extensive leadership, management and banking training in the USA, London, Japan, Thailand, Abu Dhabi, India and many other countries.
He has served among others, as a Member of the General Council of the Institute of Bankers of Bangladesh, founder President of the Sri Lanka Bangladesh Chamber of Commerce and Industry, Executive member of the Foreign Investors Chamber of Commerce and Industry in Bangladesh and as Assistant Treasurer of the Sri Lanka India Society. |
