The Monetary Board, with the concurrence of the Minister of Finance, has promoted Assistant Governors T.M.J.Y.P. Fernando and N.W.G.R.D. Nanayakkara to the post of Deputy Governor of the Central Bank with effect from 14 December.
The latest appointments bring the number of Deputy Governors to three with the other being K.M.M. Siriwardana.
Fernando has over 30 years of service in the Central Bank in the areas of supervision and regulation of banks, foreign exchange management and currency management. During this period, Fernando has served as the Director of Bank Supervision and the Controller of Exchange and has played a vital role in contributing to the financial system stability by providing leadership to implement a strong regulatory framework for banks in line with international standards and best practices.
Prior to the appointment as a Deputy Governor, Fernando held the position of Assistant Governor and was in charge of the departments of Bank Supervision, Currency, Foreign Exchange and Employees’ Provident Fund.
Fernando has been an ex-officio member of the Financial System Stability Committee, Inter-Regulatory Institutions Council and National Payments Council of the Central Bank, immensely contributing towards the objectives and purposes of such committees.
Fernando has represented the Central Bank as a Director of Credit Information Bureau (CRIB), National Gem and Jewellery Authority, Golden Key Credit Card Company, GK Hospitals, Jetwing Symphony and as a member of the Committee to review the code of corporate governance – Institute of Chartered Accountants of Sri Lanka, Sub-Committee on Investment for negotiation of Free Trade Agreements and South East Asian Central Banks (SEACEN) advisory committee on Training. Further, she functions as the Vice-Chairperson of the Institute of Bankers of Sri Lanka.
She holds a Master of Financial Economics degree from the University of Colombo and a Bachelor of Commerce degree from the University of Sri Jayewardenepura.
Nanayakkara has over 27 years of experience in the Central Bank especially in the areas of Supervision and Regulation of Banks, Foreign Reserves Management and International Operations, Domestic Operations, Macroprudential Surveillance, and Public Debt Management.
Prior to the appointment as a Deputy Governor, Nanayakkara held the position of the Assistant Governor in-charge of Public Debt, Regional Development, Financial Consumer Relations, and Staff Services Management Departments of the Central Bank.
Nanayakkara holds a Master of Science degree in Finance from the American University, Washington DC and a Bachelor of Science degree in Business Administration from the University of Sri Jayewardenepura. He is a Fellow member of the Institute of Certified Management Accountants of Sri Lanka (FCMA), Associate member of the Institute of Chartered Accountants of Sri Lanka (ACA) and a Certified Financial Services Auditor of the Institute of Internal Auditors of USA (CFSA).
(FT)