Ravi Abeysuriya has been appointed as an Independent Non-Executive Director of HNB Insurance PLC with effect from January 1, 2018, subject to the approval of the Insurance Regulatory Commission of Sri Lanka.
At the time of his appointment, Abeysuriya had no interest in the shares of HNB Assurance, a stock market filing said.
Abeysuriya is Group Director of Candor Group, owned by National Industries Group (NIG), one of the largest listed companies (Assets over US $ 4.7 billion) in Kuwait. Formerly, he was Strategic Business Development Head at Hayleys Group, Managing Director of Amba Research Sri Lanka and Managing Director of Fitch Ratings Lanka. Abeysuriya is currently responsible for private equity investments for US $ 200 million PE Fund. Previously, he was responsible for establishing Candor Group of Companies, Amba Research, a pioneer global investment research outsourcing company and the first credit rating agency in Sri Lanka as CEO/MD.
Prior to that Abeysuriya was Corporate Finance Head at JP Morgan, where he handled international equity placements and restructuring of companies. He held senior roles in private equity investment, consulting for the World Bank and Sri Lankan government.
Abeysuriya is a Fellow Member of the Chartered Institute of Management Accountants, UK and a Chartered Financial Analyst, USA and has a MBA from Monash University, Australia.
He functioned as a permanent member of the Financial Sector Reforms Committee, a prime ministerial task force appointment. He was also twice appointed as a commission member of the Securities and Exchange Commission of Sri Lanka and was a Director of Sri Lanka Insurance and Chairman of Investment Committee.
During this time Sri Lanka Insurance was able to achieve the highest ever investment income of Rs.22 billion compared to Rs.7.7 billion generated in the previous year.
Abeysuriya is also an ex-President of the Colombo Stock Brokers’ Association, President of the Association of Alternative Financial Institutions and a Member of National Agenda Committee of the Ceylon Chamber of Commerce.
He was also the former President of CFA Sri Lanka, President of ITESA and Vice President of SLASSCOM.