ComBank appoints new Chairman and Deputy Chairman
Commercial Bank of Ceylon PLC has announced the appointment of top international investment banker Sharhan Muhseen as Chairman, and financial services professional Raja Senanayake as Deputy Chairman, effective Monday, April 22, 2024.
Mr. Muhseen, previously Deputy Chairman of the Bank, succeeds Prof. Ananda Jayawardane as Chairman upon the latter’s retirement, and Mr. Senanayake, a non-executive director, fills the vacancy created by Mr. Muhseen’s elevation to the position of Chairman of the bank.
The bank said in a media release that Mr. Muhseen is a senior Investment Banker with extensive experience in the areas of Mergers and Acquisitions, Corporate Finance and Capital Markets. He previously worked in best-in-class global investment banks, Credit Suisse, Bank of America Merrill Lynch and JPMorgan in leading regional coverage roles. He was also an Associate Director of Deloitte.
An independent non-executive director of Commercial Bank since September 2020, Mr. Senanayake is a Fellow Member of CA Sri Lanka with over 30 years of post-qualifying experience and holds a B.Com (Special) degree from the University of Sri Jayewardenepura and a Postgraduate Diploma in Business Management from the PIM of the University of Sri Jayewardenepura.
Mr. Senanayake currently serves as the Chairman of Senkadagala Finance PLC, where he has been an independent/nonexecutive Director since April 2017. He is a Director of Virtual Capital Technologies (Pvt) Ltd., a software development company that caters to the New Zealand and the Australian markets, since August 2017.