President Maithripala Sirisena on the recommendation of Prime Minister Ranil Wickremasinghe has appointed economist and investment expert Arjuna Mahendran as the new Governor of Central Bank.
Mr. Mahendran received the appointment letter from the President Friday at the Presidential Secretariat.
r. Mahendran, who has nearly 30 years of extensive experience in the financial services industry across Asia in both private companies and public sector organizations, holds a Master of Arts in Philosophy, Politics, and Economics from the University of Oxford.
He has held senior positions with the Central Bank and Ministry of Finance of Sri Lanka as well as the World Bank. Most recently Mr. Mahendran served as Chief Investment Officer of the Wealth Management Division at Emirates NBD Bank.
Mahendran was the head of the Board of Investment (BoI) under the previous administration headed by Ranil Wickramasinghe and has been with international lenders including Credit Suisse, and HSBC.
With the election of the new President of Sri Lanka, the former Governor of Central Bank Ajith Nivard Cabraal, who was appointed by the former president Mahinda Rajapaksa, resigned from the post with immediate effect.