Theagarajah assumes duties as NDB CEO

26 August 2013 03:08 am - 0 - {{hitsCtrl.values.hits}}

A A A

National Development Bank PLC (NDB) has announced the appointment of Rajendra Theagarajah as the new CEO of NDB Group with effect from August 24, 2013.

His predecessor Russell de Mel who successfully completed his tenure as CEO will retire from services. NDB has taken appropriate measures to ensure that the transition of the CEO would take place in a smooth and secure manner, while continuing to maintain the solidity and performance of the rapidly growing financial conglomerate.

The outgoing CEO de Mel, had been with NDB for over 30 years serving in various capacities, mainly in corporate banking. Under the leadership of de Mel, the NDB Group has evolved into a more robust financial conglomerate.

The new CEO Rajendra Theagarajah is a veteran in the banking and financial services sector. He counts over 29 years in banking both locally and overseas. Prior to his appointment as CEO of NDB, he served as CEO/ Managing Director at Hatton National Bank PLC for 9 years.

Commenting on the new appointment, NDB Chairman Hemaka Amarasuriya said, “It is my pleasure to welcome Theagarajah on board. With his proven track record and experience within the industry as well as the international banking arena, he is poised to drive the growth of the NDB Group even more aggressively to take the financial conglomerate to new heights in years to follow.”

“It is opportune to recognise the contribution of the outgoing CEO Russell de Mel during his tenure of office, which was associated with “back to the basics” initiatives of; rapid expansion of the branch network, revitalisation of the SME sector, synergising the strengths of varying sectors of our ‘Universal Bank’ and expanding beyond boundaries by linking with regional financial institutions for outreach” Amarasuriya added.

Order Gifts and Flowers to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Grocery, Kids Toys, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,Astrology, Courier/Delivery, Medicine Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka

Comments - 0

Add comment
Comments will be edited (grammar, spelling and slang) and authorized at the discretion of Daily Mirror online. The website also has the right not to publish selected comments.

Theagarajah assumes duties as NDB CEO

Comments - 0

Add comment

RECOMMENDED

‘Spike in blast fishing’ poses renewed threats to Sri Lanka’s marine ecosystems

UDA owned land in Thalawathugoda; UDA Minister Prasanna Ranatunga under the spotlight for forceful occupation of reserved land

Loss-making SMIB faces political pressure in recovering loans

Baltimore Bridge Collapse: MV Dali, SL authorities anchored in mystery?

Has Sri Lanka become a potential hub for the illegal wildlife trade?

Spotlight on Moragahakanda Development Project Moragolla villagers lose livelihoods and down to one meal a day

Ambitious Sri Lankan jobseekers ‘trafficked into Ukraine war zones’

Most Viewed in News

Racing event tragedy leaves seven dead including eight-year-old child

Uma Oya Development Project inaugurated

Sri Lankan among NASA’s new crew for next simulated Mars journey

Ranil Wickremesinghe caravan moves on despite barking dogs

SL on alert on possible genocide allegations by Canada

Complaint lodged over Piumi Hansamali's possession of Gota’s Range Rover

MIRROR CRICKET

Is Chamari Athapaththu Sri Lanka’s greatest cricketer ever?

Athapaththu back atop ICC Women’s ODI Batting Rankings

Chamari Athapaththu sets big goal for T20 World Cup

How does CSK get best out of Pathirana?

TODAY'S HEADLINES

No footboard riding allowed, no liability for accidents: Railways Department

Six patients claim Rs.600 million from Keheliya and others for permanent loss of sight

SLPP, UNP initiates action for forming broad alliance

Here is the way!

Pakistan lose key players for last two T20Is against New Zealand

Sri Lanka secures third spot in South Asian Kurash Championship 2024

Athapaththu back atop ICC Women’s ODI Batting Rankings

Army forms committee to probe Diyatalawa Fox Hill Supercross accident