NDB becomes Global Champs at 7th ALM competition in Paris

9 July 2015 06:30 pm Views - 1458

From left: Chanadana Guniyangoda, Faizan Ozman, Gehan Biyanwila, Niran Mahawatte and Rashitha Perera


National Development Bank (NDB), which represented Asia and Europe cluster at the seventh International Asset and Liability Management Competition emerged champions of the competition at the grand finale held recently.

The event was organised for the seventh consecutive year by a consortium of international agencies that promote financial development globally. 
The competition was conducted in two phases. The first phase, which lasted three months, was an online exercise. Several banks from all over the world participated in the first round. Four finalists were invited to Paris for the final round of the competition.

During the second phase, the participants were tested thoroughly on their ability to make sound judgments on the management of a financial institution under different internal and external scenarios. The NDB team emerged as the winners which satisfied overall risk management skills coupled with profitability and stability.

Commenting on the team’s performance, NDBChief Executive Officer Rajendraheagarajah stated, “This competition offered us a unique opportunity to showcase our ALM and risk management skills globally.” 

He further said, “We are extremely proud and happy of this achievement by our very own financial experts at NDB. A victory at an international competition of such stature is clear affirmation of the high level of expertise and proficiency of our team and places NDB on top at a global level and also brings prides to Sri Lanka.” 

The team from NDB comprised of Group CFO Faizan Ozman, Vice President Treasury Niran Mahawatte, Assistant Vice President ALM Gehan Biyanwila, Assistant Vice President Finance and Strategic Planning Chandana Guniyangoda and Assistant Manager ALM Rashitha Perera.