Sriyan Cooray to take over with effect from 1 July
In a letter addressed to the Chief Regulatory Officer of the Colombo Stock Exchange (CSE), National Development Bank (NDB) PLC has announced the resignation of Eshana De Silva as Chairman/Independent Non-Executive Director from the board with effect from 30 June.It went on to note that the shareholding of De Silva as at the date of his resignation will be notified in due course.The board also announced that Independent Non-Executive Director Sriyan Cooray will take over as Chairman of NDB with effect from 1 July 2022.Cooray has served on the NDB Board of Directors since 10 August 2018 and is an Independent Non-Executive Director.He serves on several subcommittees of the board, including the Integrated Risk Management Committee, Audit Committee, Strategic Issues Committee, Human Resources and Remuneration Committee, and the Nominations Committee, chairing the Integrated Risk Management Committee and Human Resources and Remuneration Committee. Cooray has, on many occasions, also served in the capacity of Acting Chairman of NDB as appointed by the board when required.An accomplished banker with 28 years of experience at HSBC, Cooray has served in a wide range of areas ranging from finance, operations, compliance, administration, and retail banking at HSBC and retired from HSBC Sri Lanka and the Maldives as the Chief Operating Officer (COO) in May 2018 , a position he held from 2007. Whilst at HSBC, Cooray has also served on its Executive Committee for 25 years, as a member of the Board of Trustees of the HSBC Provident and Pension Fund, chaired the Banking Technical Advisory Committee in 2015/2016 and served on many internal committees of HSBC, including the Assets and Liabilities Committee, Human Resource Policy Review Committee, and HSBC’s IT Steering Committee. He was also the Chairman of the Management Committee of HSBC which comprised the bank’s second-tier management and acted as the bank’s Acting CEO on numerous occasions in the last 15 years of his banking career with HSBC. Prior to joining HSBC, Cooray has also been a part of Speville M & W Ltd., in the capacity of Financial Controller from 1987-1990 and prior to that he was engaged with KPMG Ford Rhodes Thornton Company.Cooray is a fellow of the Chartered Institute of Management Accountants (CIMA) and has gained a wealth of expertise from the widespread executive development programmes offered by the HSBC Group. He is currently an Independent Non-Executive Director of Orient Finance PLC.
