Nihal Fonseka re-appointed as Sri Lanka monetary board member for 6-years
ECONOMYNEXT – Sri Lanka’s central bank has re-appointed veteran banker Nihal Fonseka as a member of the monetary board for a period of six years.
He previously served on the Monetary Board from July 2016 to May 2020 and from May 2022 to July 2022.
Fonseka has over 23 years of experience in the banking sector. He was Chief Executive Officer of the DFCC Bank and was the Deputy Chief Executive Officer of HSBC Sri Lanka for 10 years.
He holds other directorial positions in several companies in the country.
He is a Senior Independent Director and Chairman of the Group Audit Committee of John Keells Holdings, Chairman of Phoenix Industries, Non-Executive Director and Chairman of the Audit Committee of Brandix Lanka, and Non-Executive Director and Chairman of Investment Committee of Phoenix Ventures.
He was also the Chairman of the Colombo Stock Exchange and the Association of Development Financing Institutions in Asia and Pacific, Manila.
Fonseka has held positions in the public sector as well.
He was a member of the 2009 Presidential Commission on Taxation and a member of the National Procurement Commission established under the Constitution.
He has served as a Director of the Credit Information Bureau and the Employees’ Trust Fund and has been the Co-Chairman of the National Council for Economic Development (NCED) – Capital Market Cluster.
Fonseka is a graduate of the University of Ceylon, Colombo and is a Fellow of the Chartered Institute of Bankers, UK and an Honorary Fellow of the Chartered Institute of Securities and Investments, UK.
(Colombo/Jul31/2022)
