Indrajit Wickramasinghe announces his retirement | Daily Mirror – Latest news and headlines from Sri Lanka

Union Bank yesterday announced that Director/CEO Indrajit Wickramasinghe will retire on August 15, 2024, according to a stock exchange announcement issued by the bank.
Under the succession plan, Dilshan Rodrigo, current Deputy CEO, will assume the role of Director/CEO of Union Bank on August 16, 2024, subject to regulatory approvals.
Wickramasinghe is an industry luminary and accomplished professional with a successful management career spanning over 35 years in local and international organizations in the FMCG and financial services sectors.

He has held numerous non-executive board positions in sectors such as insurance, wealth management, stockbroking, real estate management, financial companies and commercial banking. He previously served as Non-Executive Director of the Sri Lanka Credit Information Bureau and Chairman of the Financial Ombudsman of Sri Lanka (Guarantee) Ltd.
His most recent role included a distinguished tenure as Director/CEO at Union Bank spanning over nine years. His appointment coincided with the entry of Texas Pacific Group, a world-renowned private equity group, into Sri Lanka, marking the milestone of what was then the largest foreign direct investment in the country’s financial services sector. Prior to this key role, Wickramasinghe held the position of Chief Operating Officer at NDB Bank, where he was responsible for overseeing all business functions.
During his tenure at Union Bank, Wickramasinghe played a key role in transforming the institution from an asset-constrained bank into a fully-fledged, vibrant commercial bank, with an asset book of over R130 billion. By maintaining one of the highest capital adequacy ratios in the country and recently renewing its corporate brand identity, the bank is well prepared to take advantage of changing market opportunities.
Rodrigo, a seasoned banker with senior management experience across a range of industries, previously served as Executive Director/Chief Operating Officer at Hatton National Bank. Together with the bank’s leadership team, Rodrigo will lead the next phase of the organization’s development.