Mr. Dharma Dheerasinghe


Mr Dheerasinghe, an eminent Economist with a distinguish career of over 40 years in the banking industry was appointed to the Board on December 20, 2011. Prior to his appointment as Chairman on 29th of July 2014, Mr Dheerasinghe was the Deputy Chairman of the Bank. Previously Mr Dheerasinghe was the Senior Deputy Governor of the Central Bank of Sri Lanka and was also the Chairman of the Monetary Policy Committee and Sovereign Ratings Committee. He was also the Alternate Executive Director for Bangladesh, Bhutan, India and Sri Lanka at the International Monetary Fund. Mr Dheerasinghe has published widely in many aspects of economics including debt capital markets and financial globalization and has over 30 referred articles in reputed journals and as book chapters in Sri Lanka and overseas. He has also presented more than 50 papers at international seminars. Mr Dheerasinghe currently serves in the Board of Management of National Science Foundation. He is also a Visiting Lecturer and Moderator/Examiner in Universities of Colombo, Kelaniya, Sri Jayawardenapura and Moratuwa and several professional bodies in Sri Lanka. He has made a significant contribution to the development of the government debt securities market by innovating and structuring key financial instruments and developing its institutional framework. Mr Dheerasinghe is a graduate of the University of Colombo where he has obtained B.Com and B.Phil (Econ) with first class honours. He has obtained M.A.(Econ) from the University of Leeds, UK and is an Honorary Fellow of the Institute of Bankers of Sri Lanka and holder of Honorary ACI Diploma.

Mr. Chamenda Kalugamage

Managing Director/Country Head

Mr Chamenda Kalugamage possesses more than 28 years experience at Commercial Bank of Ceylon in various roles in Branches & Head Office Departments specially engaged in Micro Financing and SME lending. During his career he has given leadership to number of branches to guide SME’s and Micro Entrepreneurs to achieve sustainable growth.

He is a qualified Microfinance professional from the University of Colombo and has obtained his Master’s degree in Business Administration from the Cardiff Metropolitan University - UK.

He has also severed as a visiting lecturer for Micro Finance Diploma Program and as a Research Supervisor for the Executive Diploma in Business & Financial Economic conducted by University of Colombo.

Mrs. Sandra Walgama

Non Executive Director

Ms Sandra Walgama is presently overall in charge of the Personal Banking Division, which includes Bank’s network of outlets consisting 261 Branches, Customer Service Points and Supermarket Centers. Having over 38 years of banking experience at Commercial Bank; held numerous Senior Managerial positions, prior to being appointed as Deputy General Manager - Personal Banking.

Ms Walgama is an Associate of the Association of Institute of Bankers Sri Lanka, and Institute of Administrative Accounting UK. She is also a qualified professional from the Chartered Institute for Securities & Investment - London in Wealth Management.

Mr. Delakshan Hettiarachchi

Non Executive Director

Mr Delakshan Hettiarachchi accounts for 34 years of banking career at Commercial Bank. Having held numerous Senior Managerial positions including Development Lending prior to being appointed as the Assistant General Manager - Personnel Banking I/SME. Presently he is the corporate head of 5 regions which includes 92 branches.

Mr Hettiarachchi is a fellow member of the Institute of the Bankers Sri Lanka, Master of Business Administration – Cardiff Metropolitan University of, UK and a Resource person ‘Lending Techniques’ & ‘Project Financing’ at the Training Center for Central Bank of Sri Lanka.

Managing Director/CEO of Commercial Bank of Ceylon PLC.

Mr. Sivakrishnarajah Renganathan

Mr Sivakrishnarajah Renganathan is a career banker who has served Commercial Bank throughout the entirety of his working career; Mr Renganathan has held several key positions in the Bank and been deeply involved in its evolution and growth. In July 2003, he led the Bank’s acquisition of the Bangladesh operations of Credit Agricole Indosuez (CAI), Commercial Bank’s first ever acquisition of a banking operation, and was appointed Country Manager – Bangladesh.

Mr Renganathan was appointed as the Bank’s first Chief Risk Officer (CRO) and was responsible for preparing and implementing the Bank’s integrated risk management policy. He also functioned as the Deputy General Manager – Personal Banking and Bank’s Chief Operating Officer (COO) and Executive Director.

He was appointed to the pivotal position as the Managing Director/Chief Executive Officer in July 2018.

S Renganathan is a Fellow of the Chartered Institute of Management Accountants, UK (FCMA), Fellow of the IFS School of Finance, UK (Fifs) and a Fellow of the Institute of Bankers Sri Lanka (FIB). He is also an associate member of Financial Services Institute of Australasia. He has received extensive Leadership, Management and Banking training in the USA, London, Japan, Thailand, Abu Dhabi, India and many other countries. He has served among others, as a Member of the General Council of the Institute of Bankers of Bangladesh, as founder President of the Sri Lanka Bangladesh Chamber of Commerce and Industry and Executive Committee member of the Foreign Investors Chamber of Commerce and Industry.