Pan Asia Bank announced that Mr. Jayantha Rangamuwa is stepping down from the position of Chairman of Pan Asia Bank, after serving for a maximum term of nine years as per governance regulations. In his capacity as Chairman, Mr. Rangamuwa steered the Bank to financial stability through a period of extreme economic turbulence that prevailed over the last couple of years in the country. The Bank is grateful for his immense contribution which helped in transforming Pan Asia Bank into a leading and modern commercial bank in the country.

Respected banker and business leader Mr. Aravinda Perera steps into the role of Chairman of Pan Asia Bank with immediate effect after functioning as Deputy Chairman of the Bank since May 2021 and as Board Member since August 2017. A veteran in the banking industry, Aravinda Perera has garnered valuable expertise as the Managing Director of Sampath Bank PLC from 1st January 2012 until his retirement in September 2016.

Mr. Perera is also presently the Managing Director of Royal Ceramics Lanka PLC and Chairman of Singer Finance (Lanka) PLC, and a Director of Hayleys PLC, Hayleys Aventura (Private) Ltd., Fentons Ltd and Hayleys Advantis Ltd. He is also a former Governing Board Member of the Institute of Bankers of Sri Lanka and Past President of Association of Professional Bankers, Sri Lanka. He is a Member of the Institute of Engineers of Sri Lanka (MIESL) and a Chartered Engineer (C.Eng.). He is also a Fellow of the Chartered Institute of Management Accountants (UK) (FCMA) and a Fellow of the Institute of Bankers – Sri Lanka (FIB).

During his illustrious career, Mr. Perera has won many accolades, including ‘CEO Leadership Achievement Award 2016’ by the Asian Banker and recipient of the prestigious ‘Platinum Honours – 2014’ award by the Postgraduate Institute of Management Alumni (PIMA) of Sri Jayewardenapura University. He was also honoured with the ‘Award for the Outstanding Contribution to the Banking Industry – 2015’ by the Association of Professional Bankers and was also awarded an Honorary Life Membership by the Association of Professional Bankers in October 2018.

Furthermore, the respected banker, Mr. Nihal Kekulawala, has been appointed as the Deputy Chairman of Pan Asia Bank. He was appointed to the Board of Pan Asia Bank in August 2016. Mr. Kekulawala counts over 30 years in the banking profession and presently serves on the Board of several public companies. He is a Fellow of the Institute of Chartered Accountants UK and Sri Lanka, Fellow of the Chartered Institute of Bankers in England and has an MBA from the University of Manchester

Pan Asia Bank places its trust in Mr. Aravinda Perera and Mr. Nihal Kekulawala to lead the bank to new heights by creating a financial institution that can embrace any upcoming challenge in its journey to provide much-needed financial services to the nation.