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
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.