Union Bank appoints two new directors
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M.H. Sabry Ghouse |
Sunil
Karunanayake |
Union Bank has appointed Sabry Ghouse and Sunil Karunanayake as
independent non executive directors to the bank's Board of Directors
with effect from August 30, 2012. The appointment of independent
directors is an integral part of the bank’s good governance practices,
thus ensuring further commitment to the protection of shareholder
interest. In this perspective, the new appointments contribute to the
increase of the banks count on independent directors.
M.H. Sabry Ghouse counts over 25 years in the banking industry with
core experience in retail banking, both locally and overseas. Previously
employed at American Express Bank, Standard Charted Bank and the Alrajhi
Bank of Saudi Arabia holding Corporate Management /Director positions,
he has been instrumental in setting up retail banking, allied operations
and crafting strategy, enabling these banks to emerge as market leaders.
During his tenure in the banking industry, he also spearheaded the
successful transition of the Standard Charted Banks global acquisition
of Grindlays Franchaise in the Levant region, the launch of the American
Express credit card and the launch of “Zero percent”scheme in Sri Lanka.
Ghouse holds a MBA from the University of Western Sydney, Australia.
Sunil Karunanayake counts over 30 years experience in active
Commercial and Financial management of which 25 years had been with
Unilever Sri Lanka Tea Division, as the Commercial Controller. He also
served as the Director/Secretary at Brooke Bond Ceylon Limited.
Karunanayake has extensive exposure in areas of Financial Management,
Financial Reporting, restructuring, Project management, Legal/HR
functions, Treasury, IT Administration and General Management. He is a
Non-Executive Director for three listed companies, chairing the auditing
committees in two of the companies. Subsequent to Unilever, Karunanayake
was attached to the Institute of Chartered He holds Fellow memberships
of the Institute of Chartered Accountants Sri Lanka (FCA), Chartered
Institute of Management Accountants UK (FCMA) and also a MBA from the
Post Graduate Institute of Management of the University of Sri
Jayawardenapura. He also holds a Diploma in Commercial Arbitration from
the Institute of Commercial Law & Practice (ICLP)
Welcoming on board, the two eminent professionals, Alex Lovell,
Chairman of Union Bank of Colombo PLC stated that “their wide
experience, expertise and exceptional background is indubitably a valued
addition to Union Bank and we look forward to their contribution to the
Bank’s continued success”.
The Board of Union Bank consists of a blend of high profile local and
international directors from diverse fields, among whom are some of the
world’s best known investors. The banks independent directors comprises
of B. Asoka Keerthi de Silva (Deputy Chairman), Dr. L. J S Harsha Cabral
PC, Mohamed Aslam Omar, Priyantha Damian Joseph Fernando, Sunil
Karunanayake and Sabry Ghouse. Non Independent Directors consist of
Alexis Indrajit Lovell MBE (Chairman), HRH Prince Faisal Al Abdulla
Al-Faisal Al-Saud, Kin Leong Chong and Gerard Ewe Keng Lim. Anil
Amarasuriya functions as Chief Executive Officer/ Executive Director. |