CB announces appointment of 2 Deputy Governors

The Monetary Board, with the concurrence of the Finance Minister, has promoted Assistant Governors T.M.J.Y.P. Fernando and N.W.G.R.D. Nanayakkara to the post of Deputy Governor of the Central Bank of Sri Lanka (CBSL), with effect from December 14, 2020.

Their appointments come in the wake of retirement of Senior Deputy Governors Dr. Nandalal Weerasinghe and H.A. Karunaratne.

Fernando has over 30 years of service in the Central Bank, in the areas of supervision and regulation of banks, foreign exchange management and currency management. 

During this period, she has served as Director of Bank Supervision and Controller of Exchange and has played a vital role in contributing to the financial system stability by providing leadership to implement a strong regulatory framework for banks, in line with the international standards and best practices. 

Prior to the appointment as a Deputy Governor, Fernando held the position of Assistant Governor and was in-charge of the Bank Supervision, Currency, Foreign Exchange and Employees’ Provident Fund Departments.
She has been an ex-officio member of the Financial System Stability Committee, Inter Regulatory Institutions Council and National Payments Council of the Central Bank of Sri Lanka, immensely contributing towards the objectives and purposes of such committees. 

Fernando has represented the Central Bank as a Director of the Credit Information Bureau of Sri Lanka (CRIB), National Gem and Jewellery Authority, Golden Key Credit Card Company Limited, GK Hospitals Limited, Jetwing Symphony Limited and as a member of the committee to review the code of corporate governance – Institute of Chartered Accountants of Sri Lanka, sub-committee on Investment for Negotiation of Free Trade Agreements and South East Asian Central Banks (SEACEN) advisory committee on training.

Further, she functions as Vice Chairperson of the Institute of Bankers of Sri Lanka.

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.

Meanwhile, Nanayakkara has over 27 years of experience in the Central Bank, especially in the areas of supervision and regulation of banks, foreign reserves management and international operations, domestic operations, macroprudential surveillance and public debt management. 

Prior to the appointment as a Deputy Governor, Nanayakkara held the position of Assistant Governor in-charge of the Public Debt, Regional Development, Financial Consumer Relations and Staff Services Management Departments of the Central Bank.

Nanayakkara holds a Master of Science degree in Finance from the American University, Washington DC and a Bachelor of Science degree in Business Administration from the University of Sri Jayewardenepura. 

He is a Fellow member of the Institute of Certified Management Accountants of Sri Lanka (FCMA), Associate member of the Institute of Chartered Accountants of Sri Lanka (ACA) and a Certified Financial Services Auditor of the Institute of Internal Auditors of USA (CFSA).