HNB PLC announced the appointment of Damith Pallewatte as Acting CEO, effective from 6th April 2024, subject to approval of his fit & propriety from Central Bank of Sri Lanka. The strategic appointment comes as part of a planned leadership transition first announced in May 2023.
A qualified Banking and Risk Management Professional with over 27 years of experience including more than 14 years in Senior and Corporate Management positions, Pallewatte brings a wealth of diverse experience to his new role.
His career has spanned the full spectrum of banking operations, including Strategy and Risk Management, Credit, Branch Banking and Operations, before his most recent tenure as Deputy General Manager of HNB’s Wholesale Banking Group.
“Leveraging best in class customer service, emerging technologies, and unmatched network capabilities, we aim to facilitate Sri Lankan enterprises of all sizes to connect to global opportunities, while engaging with critical sectors and new markets to enable a true economic resurgence,” HNB Acting CEO, Damith Pallewatte said.
Pallewatte brings to his role as Acting CEO of HNB an extensive portfolio of leadership positions and directorships within and beyond Sri Lanka. Since November 2021, he has served as Chairman/Director of Lanka Ventures PLC and LVL Energy Fund PLC, both listed on the Colombo Stock Exchange. Further enriching his profile, Pallewatte holds directorships at Acuity Partners (Pvt) Ltd, Acuity Securities Limited and Lanka Financial Services Bureau Limited. Further, he was recently appointed as Vice President/Director of the International Chamber of Commerce in Sri Lanka.
Pallewatte’s influence extends into professional accounting and risk management communities as evidenced by his appointments to the MESANA (Middle East, South Asia and North Africa) Regional Advisory and Engagement Panels by the Association of International Certified Professional Accountants (AICPA) and CIMA, and his leadership roles within the CIMA Country Network Committee in Sri Lanka and as the Chairman of South Asia Area Committee covering India, Bangladesh and Sri Lanka.
His tenure as past president of the Association of Banking Sector Risk Professionals, also known as the CRO Forum, and his significant contributions as the Chairman of the Technical Committee for the Credit Information Bureau of Sri Lanka (CRIB). Before joining HNB he had stints with Sampath Bank PLC and Nations Trust Bank PLC.
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