The Monetary Board of Sri Lanka’s Central Bank has promoted six Staff Class Grade IV officers to the post of Assistant Governor with effect from August 31, 2017. 

“These promotions have been made to ensure the smooth functioning of the bank by filling the vacuum created in the Assistant Governor position due to promotions and retirements during the period from May 2016 to August 2017,” a statement said.

Those promoted by the Monetary Board at its meeting on August 31, 2017 are K.M.A.N. Daulagala, S. Gunaratne, N.W.G.R.D. Nanayakkara, T.M.J.Y.P. Fernando, J.P.R. Karunaratne and K. Gunatilake.
K.M.A.N. Daulagala, Deputy Secretary to the Monetary Board, was made Assistant Governor in-charge of the Finance and Staff Services Management Departments in addition to her duties as Deputy Secretary to the Monetary Board.

Daulagala has served the Central Bank for more than 26 years and has worked in the Departments of Banking, International Operations, Finance, Supervision of Non-Bank Financial Institutions, Financial Stability Studies, Department Level Regional Office – North Central Province and North Western Province and Secretariat. Further, she was on release to the Finance and Planning Ministry, where she served as Director General of Public Enterprises. 

Daulagala holds a Master of Science Degree in Financial and Business Economics from the University of Essex, United Kingdom and a Master of Business Administration Degree from the University of Sri Jayewardenepura. She is a Fellow member of Chartered Institute of Management Accountants, United Kingdom.

S. Gunaratne, former Alternate Executive Director (AED) of the International Monetary Fund (IMF), Washington DC, USA, representing the constituency of India, Sri Lanka, Bangladesh and Bhutan, was promoted as Assistant Governor in-charge of Economic Research, Statistics and Macroprudential Surveillance Departments.

Gunaratne has over 31 years of experience in the Central Bank and has worked in the Economic Research Department for more than 21 years in different capacities before serving as Director of Economic Research Department from 2012 to 2015. She had worked in the Banking Department prior to Economic Research Department. 

Gunaratne holds a Master of Arts Degree in Economics from the University of Vanderbilt, USA and a postgraduate diploma in Economic Development and a Bachelor of Commerce Degree from the University of Colombo.

N.W.G.R.D. Nanayakkara, former Director of Macroprudential Surveillance Department, was made Assistant Governor in-charge of the Public Debt, Supervision of Microfinance Institutions and Security Services Departments.

Nanayakkara has served the Central Bank for more than 24 years and worked in the Macroprudential Surveillance, Public Debt, Bank Supervision, International Operations, Domestic Operations and Banking Departments. With his expertise in core central banking areas of financial system stability, supervision and regulation of financial institutions, debt and portfolio management and international finance, foreign reserves management and implementation of monetary policy. 

He holds a Master of Science Degree in Finance from the American University of USA and a Bachelor of Science in Business Administration from the University of Sri Jayewardenepura. He is also a Fellow member of the Institute of Certified Management Accountants of Sri Lanka (FCMA), Associate member of the Institute of Charted Accountants of Sri Lanka (ACA) and a Certified Financial Services Auditor of the Institute of Internal Auditors of USA (CFSA).

T.M.J.Y.P. Fernando, former Controller of Exchange, was made Assistant Governor in-charge of Exchange Control, Bank Supervision and Legal and Compliance Departments. Fernando has over 27 years of experience in the Central Bank in the fields of bank supervision, exchange control and banking development.

She holds a Master of Financial Economics degree from the University of Colombo and a Bachelor of Commerce degree from the University of Sri Jayewardenepura.

J.P.R. Karunaratne, former Superintendent of Currency Department, was promoted as Assistant Governor in-charge of Currency, Supervision of Non-Bank Financial Institutions and Facilities Management Departments.

Karunaratne has served in the Central Bank for more than 26 years and has worked in the Secretariat, Economic Research, Bank Supervision, Policy Review and Monitoring, Supervision of Non-Bank Financial institutions, Public Debt and Currency Departments. 

Karunaratne holds a Master of Commerce Degree in Finance from the University of New South Wales, Australia and a Postgraduate Diploma in Applied Statistics and a Bachelor of Science (Physical Science) Degree from the University of Colombo. He is a Fellow Member of the Chartered Institute of Management Accountants (CIMA), UK and an Associate Member of the Certified Management Accountants (CMA) of Sri Lanka.

K. Gunatilake, former Director of the Internal Audit Department, was promoted as Assistant Governor in-charge of Centre for Banking Studies, Training and Development Department and Policy Review and Monitoring Department.

Gunatilake has more than 31 years of experience in the Central Bank in different capacities in the areas of rural credit, economic research, regional development, international operations, training, Employees’ Provident Fund, human resources and internal audit.

Gunatilake holds a Master of Science Degree in Economics from the University of Illinois, USA, Master of Business Administration Degree specializing Human Resource Management from Postgraduate Institute of Management (PIM), University of Sri Jayewardenepura, a Bachelor of Arts Degree in Sociology from the University of Sri Jayewardenepura and a Postgraduate Diploma in Economic Development from the University of Colombo. She has also obtained a Professional Diploma in HR Systems and Techniques from the PIM, University of Sri Jayewardenepura.