New CEO at CIFL

Gamini Karunathilake

The former CEO of Merchant Bank PLC (MBSL) Gamini Karunathilake has been appointed CEO of Central Investments and Finance PLC (CIFL) by the Board of CIFL with the concurrence of Central Bank from January 15.

Karunathilake said that he had no intention of working anywhere after his retirement but accepted this proposal because it is a restructuring exercise and a challenging task. Therefore, he sought the support of the staff to create a healthy finance company operating within the regulatory frame work of the country.

Karunathilake is a veteran banker who possesses vast knowledge and experience in both commercial banking and merchant banking. He started his banking career at the Bank of Ceylon and served in various capacities before joining MBSL. Finally, he became the CEO of MBSL and was able to sustain continuous growth of the bank during his tenure. He had led the management team of MBSL Bank under the guidance of the then chairman Janaka Ratnayake in restructuring companies such as The Finance Co, FandG Finance Co, Asian Finance and Ceylinco Savings Bank .