Sampath Bank PLC announced the appointment of veteran international banker and risk management consultant Hiran Cabraal as Non-Executive, Independent Director to its Board of Directors, with effect from June 30, 2022.
With a rich and diverse experience and a proven 34-year international track record in leadership roles, Hiran Anthony Cabraal brings with him a wealth of strategic risk management experience in the global banking and financial services industries.
After graduating from the University of Maryland with a BSc in Agricultural and Resource Economics in 1988, Cabraal began his career as a retail banking, operations and human resources executive at HSBC Sri Lanka.
Cabraal was promoted to Head of Treasury in charge of trading, market risk and balance sheet management in 1991. In 1995, he was seconded as an executive of the capital markets unit, HSBC Singapore, to undergo extensive development in capital markets products such as fixed income and derivatives trading. Cabraal’s appointment further strengthens Sampath Bank PLC’s Board of Directors, which includes seasoned professionals from a wide array of sectors and disciplines, who will continue to leverage their learnings and experiences to power the next phase of Sampath Bank’s growth journey and deliver greater value to the nation.
Notwithstanding the many challenges faced by the banking sector in Sri Lanka, Sampath Bank has successfully maintained all its capital ratios well above regulatory requirements throughout Q1 2022 while aligning itself with all government-led moratorium schemes for eligible customer segments affected by the pandemic.