Management change at Acuity Partners

The Board of Directors of Acuity Partners (Private) Limited (Acuity) announced the appointments of Ray Abeywardena as the Chief Executive Officer/Director of the Company with effect from February 1, 2009.

Accordingly, Abeywardena will assume overall responsibility for the Acuity Group, which includes the Corporate Finance, the Stock Broking and Primary Deale: Business. The Board of Directors announced appointment of Deva Ellapola as Head of Stock Broking Operations from February 1 and Amal Fernando as acting Head of Fixed Income Operations from January 15. Concurrent with these appointments, Jayantha Perera will relinquish the present position of Managing Director to assume a role of non-executive Director of the Board of Acuity and revert to his substantive role as a Senior Deputy Manager of Hatton National Bank (HNB).

He will however continue to contribute significantly by way of an oversight role on domestic business development. Likewise, G. Ramanan will assume a role of Assistant General Manager of the Board of Acuity and revert to his substantive role as an Assistant General Manager of HNB.