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DateLine Friday, 26 December 2008

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Union Bank strengthened

In a move to strengthen the Board and the management of Union Bank, its Chairman Ajita de Zoysa announced, the appointment of Asoka de Silva, an eminent Banker, as the Deputy Chairman, with immediate effect.

Asoka de Silva brings in valuable experience and strategy to Union Bank by virtue of his long and distinguished career spanning 35 years and was previously the CEO/ General Manager of Peoples Bank whilst serving on the boards of its subsidiaries and many other financial institutions.

The Board further announced the promotion of Nilanth de Silva as Chief Operating officer of the Bank also with immediate effect. prior to which he held the position of DGM Corporate Credit at Hatton National Bank where he served for 29 years, holding many responsible positions.

In a further strategic move, the Board has invited veteran banker Edgar Gunatunge as an advisor to the Board of Directors.

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