Damith Pallewatte appointed HNB Acting CEO

HNB PLC announced the appointment of Damith Pallewatte as Acting CEO, effective from 6th April, subject to approval of his fit & propriety from Central Bank of Sri Lanka. 
The appointment comes as part of a planned leadership transition first announced in May 2023.
A qualified Banking and Risk Management Professional with over 27 years of experience including more than 14 years in Senior and Corporate Management positions, Pallewatte brings a wealth of diverse experience to his 
new role. 

His career has spanned the full spectrum of banking operations, including Strategy and Risk Management, Credit, Branch Banking and Operations, before his most recent tenure as Deputy General Manager of HNB’s Wholesale Banking Group. 
“As a result of the fundamental realignment that has taken place at HNB over the past decade, we are ideally positioned to play a transformative role in the national economy. Our goal is to continue building on this legacy of strength, stability and innovation. 
“Leveraging best in class customer service, emerging technologies, and unmatched network capabilities, we aim to facilitate Sri Lankan enterprises of all sizes to connect to global opportunities, while engaging with critical sectors and new markets to enable a true economic resurgence,” HNB Acting CEO, Damith 
Pallewatte said. 
Pallewatte brings to his role as Acting CEO of HNB an extensive portfolio of leadership positions and directorships within and beyond Sri Lanka. Since November 2021, he has served as Chairman/Director of Lanka Ventures PLC and LVL Energy Fund PLC, both listed on the Colombo Stock Exchange, showcasing his expertise in venture capital and renewable energy investments across Sri Lanka, Bangladesh, and Nepal. 
Pallewatte holds a Master of Business Administration (MBA) degree from the Postgraduate Institute of Management, University of Sri Jayewardenepura and a Bachelor of Science in Management from the University of London, London School of Economics. 
 He is also a Certified Financial Risk Manager (FRM) by the Global Association of Risk Professionals (GARP), an ACI Operations Certificate holder of Financial Markets Association - France, a Fellow Member of the Chartered Institute of Management Accountants (CIMA), UK and holds a Sustainability and Climate Risk Certificate (SCR) from GARP, underscoring his dedication to advancing financial, social and environmental 
sustainability practices.