Union Bank announced the appointment of two new members to its leadership team recently.
The bank announced the appointment of Nisala Kodippili as Chief Information Officer while career banker Asanka Ranhotty was appointed as Vice President SME Banking and Transaction Banking at Union Bank.
Kodippili previously functioned as Chief Information Officer of Nations Trust Bank and has been instrumental in driving significant information technology and digital innovations in banks during his career spanning more than 20 years with specialisation in the banking industry.
He is a Master of Business Administration of Edith Cowan University, Western Australia and a Professional Member (MBCS) of the British Computer Society and the Australian Computer Society.
Kodippili also functions as Chairman of the Sri Lanka Bankers’ CIO Forum and is a member of the FINCSIRT steering committee.
He will give leadership to Union Bank’s evolving digital banking strategy while strengthening its information technology function as a key enabler for business growth.
Ranhotty functioned as Vice President - Head of Cash Management and Trade Finance at Deutsche Bank prior to joining Union Bank. He is a career banker with 24 years of experience spanning across SME, retail banking, corporate banking, transaction banking, trade finance and credit risk in both local and foreign banks.
Ranhotty is a Fellow member of the Chartered Institute of Bankers (FCIB), MBA from the University of Colombo and a Bachelor of Science in Financial Services from the University of Manchester Institute of Science & Technology, UK.
He is the Immediate Past President of the Association of Professional Bankers of Sri Lanka.
He will lead the cash management and transaction banking business of Union Bank while continuing to drive the SME banking business of the bank with a renewed focus on strategic geographies and industries.
The two new appointments come at a significant time of progress for the bank, which is in its second year of a three-year strategic plan for accelerated growth. The bank’s persistent growth has resulted in continuous improvement of revenue and profitability and Union Bank’s consistent growth was recently affirmed by Fitch Rating Sri Lanka with an upgrade to its long-term national rating.
With the latest additions, Union Bank’s enhanced leadership team now comprises of Executive Director/Chief Executive Officer Indrajit Wickramasinghe, Vice President Wholesale Banking Hiranthi de Silva, Vice President and Head of Treasury Wije Dambawinne, Vice President Operations S. Sri Ganendran, Vice President Human Resources Ravi Jayasekera, Vice President Retail Banking Chaya Jayawardane, Assistant Vice President, Head of Legal and Company Secretary Inoka Jayawardhana, Chief Information Officer Nisala Kodippili, Vice President SME and Transaction Banking Asanka Ranhotty, Chief Financial Officer Malinda Samaratunga and Chief Risk Officer Suhen Vanigasooriya.
Union Bank is well-positioned for growth as one of the highest capitalised private commercial banks in Sri Lanka with the strength of TPG, the US-based global private investment firm with over US $ 70 billion in capital under management and an extensive global network with significant presence in Asia and Europe.
Following TPG’s investment, Union Bank embarked on a transformational journey of growth and expansion as a fully-fledged commercial bank serving corporate, SME and retail banking segments. With a solid foundation etched with financial stability and a renewed business focus enriched with international know-how, Union Bank is now amongst the fastest growing commercial banks in Sri Lanka.