Harris Premaratne has retired from the board of Pan Asia Banking Corporation PLC as the Deputy Chairman on January 28 on reaching 70 years of age as per the corporate governance rules of the Central Bank of Sri Lanka.
Following Premaratne’s retirement, board member Sarath Rangamuwa has been appointed Deputy Chairman of the bank with effect from January 29, 2018.
Rangamuwa is an experienced professional in management, finance, credit and marketing with over 26 years of senior management exposure.
Rangamuwa is the Managing Director of Vallibel Finance PLC since its re-launch and also serves as a Director of Hunnas Falls PLC and Finance House Consortium (Pvt) Ltd.
He is a former Director of Mercantile Investments PLC and also had stints at Central Finance and Ernst & Young. A Fellow of the Chartered Institute of Marketing (UK), Rangamuwa has an MBA from the University of Southern Queensland.
He is also a Fellow of the Sri Lanka Institute of Credit Management and holds a Post Graduate Diploma in Finance Administration from the Institute of Chartered Accountants of Sri Lanka.