People’s Bank appoints Acting CEO/GM

People’s Bank announced yesterday that its Board of Directors has appointed N. Vasantha Kumar as acting Chief Executive Officer/General Manager, pursuing H. S. Dharmasiri, who retired from his post early this week.

A former student of St. Anthony’s College, Wattala, Kumar holds a Master’s Degree in Business Administration and counts 32 years of experience in treasury management. He joined People’s Bank corporate management in March 2001 as Head of Treasury before serving as one of the Senior Deputy General Managers, prior to which he served as Treasurer at ANZ Grindlays Bank, Colombo for many years.

During his tenure at People’s Bank, Kumar has successfully re-engineered the bank’s treasury from a relatively support-oriented service unit to a frontline revenue-earning business segment and has significantly enhanced the technical expertise and service quality that is delivered by the treasury team.

He is the past President of the Association of Primary Dealers and of the Sri Lanka Forex Association and a Director at People’s Leasing Co. Ltd and People’s Travels (Pvt) Ltd.