The Commercial Bank of Ceylon PLC has announced the appointment of Sivakrishnarajah Renganathan, the Bank’s Deputy General Manager – Personal Banking, as Chief Operating Officer (COO) and Executive Director with effect from 17th July 2014.

A career banker who has served Commercial Bank throughout the entirety of his 34-year working career, Renganathan has held several key positions in the Corporate Management.

In July 2003, he led the Bank’s acquisition of the Bangladesh operations of Credit Agricole Indosuez (CAI), Commercial Bank’s first ever acquisition of a banking operation, and was appointed Country Manager – Bangladesh, in which capacity he led a team of 225 over a five year tenure, building up the Bank’s operations in Bangladesh.

S Renganathan is a Fellow of the Chartered Institute of Management Accountants, UK (FCMA), Fellow of the IFS School of Finance, UK (Fifs) and a Fellow of the Institute of Bankers Sri Lanka (FIB). He is also an associate member of Financial Services Institute of Australasia. 

He has served among others, as a Member of the General Council of the Institute of Bankers of Bangladesh, as founder President of the Sri Lanka Bangladesh Chamber of Commerce and Industry, Executive Committee member of the Foreign Investors Chamber of Commerce and Industry and as Assistant Treasurer of the Sri Lanka India Society.

Commercial Bank ended FY 2013 with gross income of Rs 73.16 billion, profit before tax of Rs 14.51 billion, profit after tax of Rs 10.445 billion and assets of Rs 606.607 billion.

The only Sri Lankan Bank to be ranked among the world’s top 1000 Banks for four successive years, Commercial Bank operates a network of 237 computer-linked service points and the country’s single largest ATM network of 597 terminals. The Bank has been adjudged ‘Best Bank in Sri Lanka’ for 16 consecutive years by ‘Global Finance’ Magazine and has won multiple awards as the country’s best Bank from ‘The Banker’, ‘Finance Asia’, ‘Euromoney’ and ‘Trade Finance’ magazines.