New CEO, COO at Commercial Bank
The Commercial
Bank of Ceylon PLC has announced the appointments of Messrs Sivakrishnarajah Renganathan and Sanath Manatunge, two career bankers who have served the bank for 37 years and 29 years respectively, as Managing Director and Chief Operating Officer (COO), effective July 27.
Mr. Renganathan, who has been Commercial Bank’s COO/Executive Director for the past four years, succeeds Jegan Durairatnam as Managing Director on the latter’s retirement after a distinguished 36-year career at the country’s benchmark private bank, the bank said in a media release.
Mr. Renganathan is a Fellow of the Chartered Institute of Management Accountants, UK (FCMA), a Chartered Global Management Accountant (CGMA), a Fellow of the London Institute of Banking and Finance, UK (FLIBF) and a Fellow of the Institute of Bankers Sri Lanka (FIB).
He has held several key positions in the Corporate Management of Commercial Bank and in July 2003 led the bank’s acquisition of the Bangladesh operations of Credit Agricole Indosuez (CAI), Commercial Bank’s first ever acquisition of a banking operation. Mr. Manatunge, who succeeds Mr Renganathan as COO, currently heads the Corporate Banking and Trade Finance Divisions of Commercial Bank as Deputy General Manager – Corporate Banking. He is also a director of the bank’s Maldivian subsidiary – Commercial Bank of Maldives and bank’s IT subsidiary, OneZero Company Ltd.