Board Investment Committee (the BIC) consists of following members whose profiles are given on pages 14 to 19.
Mr K G D D Dheerasinghe*
Mr S Renganathan
Appointed w.e.f. July 27, 2018
Mr J Durairatnam
(Managing Director/Chief Executive Officer)
Retired on July 26, 2018
Mr G S Jadeja
Mr S C U Manatunge
(Director/Chief Operating Officer)
Appointed w.e.f. July 30, 2018
Regular attendees by invitation
Mr K D N Buddhipala
Mr K A P Perera
(Deputy General Manager – Treasury)
Ms T A Bernard
Ms T A Bernard (Assistant General Manager –
Corporate and Investment Banking)
Mr S K K Hettihamu
(Chief Risk Officer)
|Name||Eligible to attend/ Attended|
|Mr K G D D Dheerasinghe||12/12|
|Mr S Renganathan||12/12|
|Mr J Durairatnam||06/06|
|Mr K Dharmasiri||12/12|
|Mr G S Jadeja||12/08|
|Mr S C U Manatunge||06/06|
The Committee held twelve (12) meetings during the year under review. The proceedings of the Committee meetings were regularly reported to the Board of Directors.
Measures on strengthening the capital structure of the Bank was a key focus area of the Committee.
The Committee is responsible for the investment-related decisions of the Bank. Hence, the Committee will oversee investment activities by providing assistance and guidance, evaluate strategic relevance and financial viability of various investment proposals, monitoring, the Bank’s various investment activities, in accordance with investment policies of the Bank.
Within this framework, the Committee performs the following duties:
The Committee meets monthly and reviews progress of strategic and significant investments, liquidity situation of the Bank, market developments and the country’s economic outlook. The Committee also reviews the monthly performance of Treasury and Investment Banking Division, where the interest rate risk, repricing risk and other market risks are discussed.
The Committee from time to time would issue instructions to Executive Officers of the Bank on investment-related activities.
K G D D Dheerasinghe
Chairman – Board Investment Committee
February 22, 2019