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Indrajit Wickramasinghe announces his retirement after a distinguished career

Posted on by darion

  • Dilshan Rodrigo will assume the position of Executive Director/CEO of Union Bank from August 16
Indrajit Wickramasinghe
Dilshan Rodrigo

Union Bank announced yesterday that Indrajit Wickramasinghe, Director/CEO, will retire on August 15, 2024.

Under the succession plan, Dilshan Rodrigo, current Deputy CEO, will assume the position 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 positions on management boards of sectors such as insurance, wealth management, stock brokerage, 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 (TPG), an internationally renowned Private Equity group, into Sri Lanka, marking a milestone as the largest foreign direct investment in the country’s financial services sector at the time.

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 was instrumental in transforming the institution from an asset-constrained bank to a fully-fledged, vibrant commercial bank with an asset book of over Rs. 130 billion. By maintaining one of the highest capital adequacy ratios in the country, as well as recently renewing its corporate brand identity, the Bank is well prepared to take advantage of changing market opportunities.

Rodrigo, a seasoned banker with experience in senior management positions 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.