The Board of Directors of Acuity Partners (Private) Limited is pleased to announce the appointment of Mr. Ray Abeywardena as the Chief Executive Officer/Director of the Company with effect from 1 February 2009. Accordingly, Mr. Abeywardena will assume overall responsibility for the Acuity Group, which includes the Corporate Finance, the Stock Broking and Primary Dealer businesses. The Board of Directors is also pleased to announce the appointment of Mr. Deva Ellapola as Head of Stock Broking Operations from 1 February 2009 and Mr. Amal Fernando as Acting Head of Fixed Income Operations from 15 January 2009.
Concurrent with these appointments, Mr. Jayantha Perera will relinquish the present position of Managing Director to assume a role of non-executive Director of the Board and revert to his substantive role as a Senior Deputy General Manager of Hatton National Bank (HNB). He will however continue to contribute significantly by way of an oversight role on domestic business development. Likewise, Mr G. Ramanan will assume a role of non-executive Director of the Board of Acuity and revert to his substantive role as an Assistant General Manager of HNB. He will however maintain an important oversight role over the Fixed Income / Primary Dealer Operations and Overseas Business Development of Acuity. The changes were necessitated by additional demands on Messrs Perera and Ramanan arising from their responsibilities at HNB. The Corporate Finance teams of HNB and DFCC Bank (DFCC) will also be assigned to Acuity with oversight provided by non-executive director Mr Tyrone de Silva, Senior Vice President, DFCC. These moves will ensure that Acuity Group will have full time senior executives to be in charge of key functions as it brings its operating units together in a new location at Dharmapala Mawatha, Colombo 7 by the end of January 2009, while continuing to benefit from oversight exercised by specialist non-executive directors.
The Board thanks Mr. Jayantha Perera and Mr. Ramanan for their valuable contribution during the formative period of the Acuity Partners Group and looks forward to their active contribution in their respective new roles. This new joint venture of DFCC Bank and HNB is now poised for operational take-off as a full service investment bank. Mr. Ray Abeywardena, Mr. Deva Ellapola and Mr. Amal Fernando will bring to bear an a wealth of experience and expertise in financial services and capital markets, which together with support from two strong parents, DFCC and HNB, will drive Acuity Partners as a major player in the market.
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Nihal Fonseka
Chairman |
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Rajendra Theagarajah
Director |
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