Banking Move

Sri Lanka's Prime Minister Ranil Wickremesinghe arrives with flowers to receive blessings at the Gangaramaya Buddhist Temple, Colombo, Sri Lanka on Wednesday 4 April 2018. On wednesday (4), Wickremesinghe survived a no-confidence motion in the Sri Lankan parliament with a 46 vote majority after a 12-hour debate with 122 MPs voted in his support while 76 MPs voting to remove the prime minister. (Photo by Tharaka Basnayaka/NurPhoto via Getty Images)

Mar 05, 2010 (LBO) – Sri Lanka’s NDB Bank said its chief executive Eran Wickramaratne has resigned from his post as he plans to enter parliament as a member of the main opposition United National Party. The bank said in a stock exchange filing that Russel de Mel, now serving as vice president – head of the corporate banking group, will be appointed as the new chief executive.

Wickramaratne is on the so-called ‘national list’ of the main opposition UNP for elections in April.

The ‘national list’ gives a chance for parties to appoint law makers based on the proportion of total votes received in a general elections without the persons themselves contesting.

NDB Bank also said De Mel will become additional chief executive with immediate effect and chief executive from Match 26 subject to Central Bank approval.

De Mel has served NDB Bank for nearly 30 years largely in corporate banking.