The bank also said it has appointed Jegan Durairatnam, 54, as Executive Director/Chief Operating Officer, a post earlier held by Dias.

Counting decades of industry experience, Dias holds a degree in Law (LL.B) and is a fellow of the Chartered Institute of Bankers (London). He is also a Hubert. H. Humphrey Fellow.

He was appointed to the Board of Directors of Commercial Bank of Ceylon PLC in December 2010.

Durairatnam joined the Bank in 1982 and his banking experience spans International Trade, Off-shore Banking, Credit, Operations and IT. He has been in the Bank's corporate management team for seven years.

An alumni of the University of Peradeniya, he has served Commercial Bank in several senior management positions, including Deputy General Manager, Assistant General Manager – International Division and Head of Imports.

Edited: to insert age