CA Sri Lanka holds induction

The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) inducted Sujeewa Rajapakse as the 21st President of the Institute yesterday at a ceremony attended by corporate leaders and elite professionals in Sri Lanka at the Oak Room of the Cinnamon Grand Hotel Colombo.

Rajapakse was inducted in the presence of the chief guest the Governor of the Central Bank of Sri Lanka Ajith Nivard Cabraal.

A leading corporate figure in the world of finance, Rajapakse is a fellow of the Institute with over 25 years experience in practice and has wide exposure in diversified businesses and activities both nationally and internationally.

He is the Managing Partner of BDO Partners, a firm of Chartered Accountants in Sri Lanka which is a member firm of BDO International, the world's fifth largest accountancy and advisory services network and currently serves on the Board of Directors of the National Development Bank and Asian Alliance Insurance PLC.

Rajapakse who holds a MBA from the Postgraduate Institute of Management, Sri Jeyewardenepura University was enrolled as an Associate Member of the Institute of Chartered Accountants of Sri Lanka in 1994 and as a Fellow of the Institute in 1999.

He was elected as a Member of Council of the Institute in 2003 and as the Vice President of the Institute in 2009.

Arjuna Herath, Partner at Ernst and Young with over 20 years of experience was elected as the Vice President of the Institute.

Herath was initially appointed as a Member of Council during the periods of 2002/03 and 2005/06 and was subsequently elected to the Council in 2010/11.

He presently serves as a Member of the Board of Directors of the Sri Lanka Accounting and Auditing Standards Monitoring Board and has served as a member of the Board of Directors of United Motors Lanka Ltd., Nepal Sri Lanka Merchant Bank Ltd in Nepal, GTE Directories Lanka Pvt. Ltd., Orient Financial Services Corporation Ltd., Astron Ltd, and GTB Colombo Corporation Ltd.