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APB Felicitates The Chairman Of Hatton National Bank
   

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Recent Developments And Future Prospects Of The Fixed Income
Securities Markets
 

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Professional Bankers Convention


   APB FELICITATES THE CHAIRMAN OF HATTON NATIONAL BANK


The Council of Management and the Past Presidents of the Association of Professional Bankers (APB) felicitated its founder member and the first president, Mr Rienzie T Wijetilleke, on his elevation to the prestigious position of Chairman, Hatton National Bank (HNB), a leading private sector commercial bank in Sri Lanka, at a dinner hosted in his honour in Trans Asia Hotel on 22nd April 2004.

Speaking on this occasion, Mr. K. Nimal Dias, President stated that the APB is proud of the achievement of Mr Wijetilleke, one of its members and the inaugural President, who commenced his carrier in a modest capacity, but rose to attain the highest position in a private bank. Mr. Wijetilleke having joined Bank of Ceylon (BOC) in 1960, served BOC for a period of 10 years, including a spell of 4 ½ years at its London branch. In 1970, Mr. Wijetilleke joined HNB, and after holding several important positions rose to the position of Managing Director/CEO in 1988 by sheer hard work and dedication. With the demise of the late Mr Chrishantha Cooray, he was appointed Chairman of HNB, on 19 March 2004. Mr. Wijetilleke is a Fellow of the Chartered Institute of Bankers, London and has held many positions in the Banking and Financial industry making great contributions to all of them. He also had other diverse interests and for a time was the President of the Interim Committee of the Board of Control for Cricket during which time, vast improvements were seen in the field, and Chairman of the Colombo Stock Exchange and also a Board member of the Asian Bankers Association. A very eminent product of Wesley College, he had also been the President of its OBA.

Mr. A. Kathiravelupillai, also a founder member and past president, paid glorious tribute to Mr Wijetilleke’s achievements and leadership qualities and professionalism, having associated with him very closely from the days that Mr Wijetilleke and he worked together at the Bank of Ceylon in the late ‘60s. Mr Wijetilleke’s achievements as MD in making HNB one of the leading banks in Sri Lanka bears ample testimony for his leadership qualities and management skills. When he took over as MD/CEO 15 years ago, the bank’s profit was around Rs 70 Mn and in the year 2003 the profit was over a billion rupees. Similarly, deposits, loans and shareholder’s funds, showed phenomenal growth under his stewardship. Not only bankers, even the private sector looked to him for leadership and guidance in times of need. Though Mr Wijetilleke reached the pinnacle of success he did not loose the common touch. He still remains humble and helpful. His immense contribution to the Association of Professional Bankers as a founder member, first president and benefactor helped the Association in many ways to reach its present position. He wished him every success in his present position.

A veteran Banker Mr. Patrick de Silva also a founder member and past president speaking in lighter vein, referred to the qualities of the founder member and took the participants down memory lane by quoting from Bernard Shaw and Shakespeare and kept the participants enthralled and entertained. He associated with the sentiments expressed by the previous speakers and recalled the valuable contributions made by Mr Wijetilleke to the banking and financial sector.

Mr. Wijetilleke said that there are several persons to whom he is indebted for his achievements in the Banking industry. He paid special tribute to former Chairman of HNB, late Mr. Chrisantha Cooray. He recalled his initial days at Bank of Ceylon and said he was ever grateful to HNB for giving him the opportunity for leading it for several years. He thanked the APB for giving him the honour of being its first President and for the felicitation and said that he will continue to assist the Association in whatever way possible to achieve its objectives.

The proceedings were brought to a close with the Vote of Thanks given by Mr Buwanaka Perera, Secretary, APB.

 


 

  RECENT DEVELOPMENTS AND FUTURE PROSPECTS OF THE FIXED INCOME SECURITIES MARKETS


The fixed income securities market in Sri Lanka is in its development stage and has immense potential for growth. It is estimated that in 2003, this segment has contributed over 20% of banks’ profits and the volume is growing. Daily volume in the outright market is estimated at LKR 2Bn and closely linked REPO market, a turnover of LKR 10-15 Bn.

Banks being holders of large stocks of government securities for their liquidity purposes have seen opportunities in this sector.

Of course, the associated risks and downside potential also need attention !!!!

In keeping with our goal to keep fellow bankers updated on these developments,

ASSOCIATION OF PROFESSIONAL BANKERS - SRI LANKA.

Have organized a presentation on ,

RECENT DEVELOPMENTS AND FUTURE PROSPECTS OF THE FIXED INCOME SECURITIES MARKETS

By

Ajantha Madurapperuma, AIB, FCMA, MBA, CFA

Director / CEO – Seylan Bank Asset Management Ltd
Deputy General Manager – Corporate & Foreign Currency Banking- Seylan Bank


On

20th May 2004 (Thursday) at the Bank of Ceylon – Head Office Auditorium (3rd Floor)
from 5.30.p.m. onwards.


The Presentation will be followed by a Q&A session.

ALL ARE WELCOME



  PROFESSIONAL BANKERS CONVENTION


The 15th anniversary convention of the Association of Professional Bankers (APB) will be held on 26th and 27th July 2003 at the HNB Auditorium, HNB Towers. The theme for this year convention is 'Emerging trends in the financial sector - Impact on the banking industry'.


This year's theme has been selected considering the immense challenges confronting the banking industry in face of the emerging developments in the financial sector. In Sri Lanka much emphasis have been laid in recent time on financial sector reforms and the banking sector has come under increased discussion from the public with regard to its role, ethics and regulation. While some call for greater regulation of the financial sector in light of certain incidences, others see a case for greater deregulation. There has also been renewed emphasis by the banks on good corporate governance and social responsibility. The country is also moving along the path of exchange control liberalization, which itself poses many challenges and opportunities for banks.


Hon. K N Choksy, Minister of Finance will deliver the Inaugural Address at the convention while Ambassador Alfonso Yuchengco, Chairman - Asian Bankers Association will deliver the Keynote Address. The Governor of Central Bank of Sri Lanka, Mr A S Jayawardena will also address the forum during the Inaugural session.


During the five Technical Sessions which follow, several eminent professionals will make presentations in their respective area of expertise. They are; Mr Nihal Welikala, Director / General Manager - National Development Bank on 'Recent Trends in Banking and Financial Services', Mr P H Ravikumar, Senior General Manager - ICICI Bank Ltd, India on 'Mergers and Acquisitions', Mr. Deepak Ghaisas, CEO India Operations, I-Flex Solution Ltd. on 'The Impact of Changing ICT on Financial Services and the Opportunities', Dr Shantha F Yahanpath, Principal Consultant, AGAPE International, Australia on 'Investment and Wealth Management', Mr Kanag Ishwaran, President's Council on 'Consumer / Depositor -Are they protected in the emerging scenario', Mr Channa de Suva, Head of Strategy - Eagle Insurance Company Ltd on 'Potential for Bancassurance in Sri Lanka', Mr Ashwin Parekh, Executive Director - Deloitte Touche Tohmatsu India (Pvt) Ltd on 'Asset Management Company', Mr W A Wijewardena, Deputy Governor - Central Bank of Sri Lanka on ' Financial Market Regulation in Sri Lanka' and Dr Uthum Herath, Additional Director -Central Bank of Sri Lanka on 'Financial Sector Reforms - Are they adequate to meet the challenges'.


Another highlight of the convention is the Anniversary publication - a book consisting of articles from well-known authors on topics relating to the theme 'Emerging trends in the financial sector - Impact on the banking industry'. Each participant will receive complimentary copy of this publication.


Further information and Registration procedure will be available on 320828 or email
apbsl@sltnet.lk


 


                
 
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