Insurance Sector May 2023

Niranjan Mendis is currently the Chairman of Dellogistics (Pvt) Ltd., and serves on the Board of Dellogistics International (Pvt) Ltd.

Since graduating in Business Administration from the University of Southern California, he gained his initial work experience in business management at Mitsui & Co (USA) Inc. in New York. Thereafter he was appointed to the Board of Directors of the Delmege Group of Companies in Sri Lanka, where he served as an Executive Director for over 20 years. During this period he was responsible for overseeing the Group’s Treasury Management, Banking, the Insurance & Reinsurance Brokering business, Group Share Portfolio, Freight/Logistics business, Group Business Development, and LB Finance Ltd., a leading non-banking financial institution, which was part of the Delmege Group until 1993.

He is a Director of Sun Investment Holdings Ltd., a privately owned investment company, investing in diversified business opportunities in Sri Lanka and overseas. Also an Investor and Board member of Lanka Rating Agency Ltd., a premier credit rating agency in Sri Lanka.

Mr. Anil Amarasuriya is a Fellow of the Institute of Chartered Accountants of Sri Lanka, the Chartered Institute of Management Accountants UK and also the Society of Chartered Management Accountants Sri Lanka. He is also Honorary Fellow of the Institute of Bankers of Sri Lanka.

Mr. Anil Amarasuriya counts over 40 years of experience in the banking industry both in Sri Lanka and abroad. He has held senior corporate level positions at Abu Dhabi Commercial Bank and Sampath Bank prior to assuming duties as the General Manager and subsequently as the Managing Director of Sampath Bank.

He served as Director/CEO of Union Bank of Colombo before retirement in November 2014. He served as Chairman of Sri Lanka Banks’ Association and Financial Ombudsman Sri Lanka (G’tee) Ltd, Member of the Sri Lanka Accounting & Auditing Standards Monitoring Board and of the Financial Sector Cluster, Member of the Governing Council of the National Institute of Business Management and Chairman of the Lanka Financial Services Bureau Ltd. He also served as Director in the subsidiaries of Sampath Bank Ltd, i.e. S C Securities (Pvt.) Ltd., Sampath Surakum Ltd, Sampath Leasing & Factoring Ltd, Sampath Trade Services (HK) Ltd, Sampath IT Solutions Ltd and Associate Company Lanka Bangla Finance Ltd.Amarasuriya served as the Chairman of Lanka Clear pvt Ltd the operator of the National banking Switch in Sri Lanka for two terms spanning a period of 6 years.

Mr. Amarasuriya currently serves as Chairman of Lanka Rating Agency (Pvt.) Ltd, Chairman of Pussellawa Plantations Ltd , Agalawatte Plantations PLC and Damro Holdings Pvt Ltd and director of several private companies in Sri Lanka.