Commercial Bank of Ceylon: Leading academic to head ComBank board

The Vice President, Prof. AKW Jayawardane succeeds the outgoing President, Justice K. Sripavan; Senior Banker Mr. Sharhan Muhseen Appointed Vice Chairman

The Commercial Bank of Ceylon PLC has announced the appointment of University Professor AKW Jayawardane as Chairman and accomplished international investment banker Mr. Sharhan Muhseen as Vice Chairman effective Tuesday, March 1, 2022.

Prof. Jayawardane, former Vice President of the Bank, succeeds former Chief Justice K. Sripavan as President at the end of the latter’s term, while Mr. Muhseen fills the vacancy created by the elevation from Professor Jayawardane to the position of Chairman, the largest private company in Sri Lanka. said the sector bank.

Professor Jayawardane, who has been independent non-executive director of Commercial Bank since April 2015 and vice-chairman since December 29, 2020, is one of Sri Lanka’s most respected academics in the field of engineering and is an academic administrator . He is currently Chairman of CBC Tech Solutions, a subsidiary of Commercial Bank and Chairman of the Board Tech Committee.

Member of the Commission of the University Grants Commission and Senior Professor in Civil Engineering, Professor Jayawardane served as Vice-Chancellor of Moratuwa University for six years, Dean of the Faculty of Engineering for six years as Endowed Professor in entrepreneurship at the University of Moratuwa for one year and as chief executive of the National Science Foundation for two years.

He earned a Bachelor of Science in Civil Engineering with First Class Honors from Moratuwa University, a Master of Science in Construction from Loughborough University of Technology in the UK and a PhD in Construction Management from the same. university.

Prof. Jayawardane was President of the Institution of Engineers of Sri Lanka. He is also a director of Sierra Cables PLC and a board member of several other institutions. He is a Corporate Fellow, Fellow and International Professional Engineer of the Institution of Engineers, Sri Lanka (IESL) – CEng, FIE (SL), IntPE (SL) – Fellow of the National Academy of Sciences of Sri Lanka, FNAS (SL ), Founder Member of Society of Structural Engineers Sri Lanka, MSSE (SL), Fellow of Institute of Project Managers, Sri Lanka, FIPM (SL), Life Member of Sri Lanka Association for the Advancement of sciences and a graduate member of the Institute of Directors of Sri Lanka – GSLID.

Among several other awards, Professor Jayawardane is the recipient of the IESL “Eminence in Engineering” award, which is the most prestigious lifetime award given by the Institute for eminence in the practice of Engineering.

Mr. Sharhan Muhseen is a senior investment banker with extensive experience in mergers and acquisitions, corporate finance and capital markets. He has held a senior executive position working with corporate boards and financial institution management teams across Asia to help drive their corporate strategic programs and roadmaps. Previously, he worked at top global investment banks, Credit Suisse, Bank of America Merrill Lynch and JPMorgan in regional coverage roles. He was also an associate director of Deloitte.

Mr Muhseen’s most immediate previous role was as managing director, head of the Southeast Asia Financial Institutions Group (FIG) and head of Asia insurance at Singapore-based Credit Suisse. During his career in investment banking that spans more than 20 years, Mr. Muhseen has completed landmark mergers and capital-raising transactions for more than $100 billion. Merrill Lynch and Credit Suisse’s Asia FIG sector team won Asset magazine’s “FIG Asia House of the Year” award for several years under his leadership. Several transactions he has led have been awarded as the best national transactions and the best capital-raising transactions in the financial sector.

He holds a master’s degree in economics from the University of Colombo, a bachelor’s degree in business administration (Hons) from Western Michigan University, and completed the corporate finance training program at JP Morgan in New York. York.

Commercial Bank is the first 100% carbon neutral bank in Sri Lanka, the first Sri Lankan bank to be listed among the world’s top 1000 banks and the only Sri Lankan bank to be so listed for 11 years.

consecutively. It is Sri Lanka’s largest SME sector lender and a leader in digital innovation in the country’s banking sector. The Bank’s overseas operations include Bangladesh, where the Bank operates 19 outlets; the Maldives, where the Bank has a fully-fledged Tier I bank with a majority stake, and Myanmar, where it has a microfinance company in Nay Pyi Taw.

Photo caption:

The new Commercial Bank Chairman, Prof. AKW Jayawardane (left) and Vice Chairman, Mr. Sharhan Muhseen

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