National Development Bank PLC yesterday announced the appointment of Hasitha Premaratne to its board as an Independent Non-Executive Director with effect from June 15, 2023.

Hasitha is Managing Director of the Brandix Group and drives the overall strategy and transformative journey of the company in Sri Lanka and overseas. Prior to taking up reigns as Managing Director, Hasitha served as Group Finance Director and Chief Strategy Officer of the Group, and sits as a Director on its subsidiaries and integrated ventures that include Teejay Lanka PLC. 

An Independent Director at John Keells Hotels PLC, he serves as Chairman of the Audit Committee. Hasitha was also a Director at Bank of Ceylon, Sri Lanka’s largest state-owned bank, chairing the Board Risk and Nominations Committees. 

He also served on the Board of CIMA Sri Lanka, and the Sri Lanka Accounting and Auditing Standards Monitoring Board, and was a Committee Member at the Ceylon Chamber of Commerce, Sri Lanka’s oldest and most august trade chamber. 

Before joining Brandix, Hasitha was the Head of Research at HNB Stockbrokers (Private) Limited. He brings a wealth of experience including over a decade of service as a lecturer for CIMA (UK), where he won ‘Tutor of the Year’ at the CIMA Global Financial Management Awards in 2009. 

Hasitha was also engaged with the ACCA (UK) in Sri Lanka, India, Singapore and the Philippines. He holds a MBA in International Finance and a BSc in Computer Science.