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Monday, 26 April 2004  
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Dr.Ranee Jayamaha appointed as New DG at Central Bank

The Central Bank of Sri Lanka with the concurrence of the Minister of Finance has appointed Dr. Ranee Jayamaha as Deputy Governor with effect from April 19.

Dr. Jayamaha has been in the Central Bank for 32 years and has wide experience in the Economic Research Department, Banking Development Department and recently as Assistant to the Governor in charge of several policy and operational departments.

She holds a Special Degree in Money and Banking from the University of (Ceylon) Peradeniya, Master's Degree in Economics from the University of Sterling, Scotland UK and Ph.D. in Monetary Economics from the University of Bradford UK. On secondment by the Central Bank she has served as the Secretary to the Presidential Commission on Finance and Banking, Advisor to the Financial Sector Reforms Committee Ministry of Finance and Special Advisor (Economics) at the Commonwealth Secretariat, London. During the last two years she has been the Monetary Board appointed Director of the Board of Fitch Rating Lanka Ltd., and the Lankaclear Pvt. Ltd.

Internationally, she serves as the coordinator of the Working Committee on the Development of Payment Systems Guidelines of the Bank for International Settlements (BIS) Basle, Switzerland and the Committee on Corporate Governance on Banking and Financial Institutions of the Commonwealth Association for Corporate Governance.

Dr. Jayamaha has provided leadership for the successful implementation of payments reforms and several key projects under the Central Bank's modernization programme.

She is the Secretary to the Audit Committee and has contributed towards transforming Central Banks financial reporting framework to international accounting standards.

In recognition of her contribution, the Central Bank has awarded Dr. Jayamaha the 'Outstanding Service Award' for the year 2002.

She has authored many articles in reputed international and local journals in the areas of economics, banking and finance, debt management etc.

Dr. Jayamaha succeeded Deputy Governor P.M. Nagahawatte, who retired from the Central Bank on April 18,2004.

This is the first time a lady has been appointed to hold this position of the Bank. She was educated at Devi Balika Vidyalaya, Colombo.

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