Sri Lanka’s NDB Bank gets new chief

ECONOMYNEXT – Sri Lanka’s listed National Development Bank Plc appointed a new Chairman in Kavantissa Ratnayaka with effect from 17 April, the bank said in a statement.

Ratnayaka replaces Ananda Atukorala.

Ratnayaka is a past chairman of the Sri Lanka Development Authority and state Associated Newspapers of Ceylon. He was also a director at state television network ITN.

He was the former group chief corporate officer for listed retail chain Cargills Ceylon Plc and telco Dialog Axiata Plc.

He was a Director at listed John Keells Plc and country for IBM.

Ratnayaka joined the NDB board in May 2015.

NDB last traded at 99 rupees. (COLOMBO, 18 April 2019-SB)

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