The Board of Directors of Union Bank is pleased to announce the appointment of Dr. Dharmasri Kumaratunge as an Independent, Non-Executive Director.
As the Bank continues to place a strong emphasis on digital transformation, his extensive experience in banking, finance, technology, and public policy will be of immense value to shaping the Bank’s strategic direction.
Dr. Kumaratunge brings with him over 35 years of distinguished experience in the fields of Banking and Finance, Financial Technology, IT, International Trade, Payment Processing, Information and Communication Technology (ICT), and Digital Transformation. His extensive career includes leadership roles at prominent national institutions and international organizations, showcasing his in-depth knowledge of the evolving financial ecosystem. Notably, Dr. Kumaratunge served as the Assistant Governor of the Central Bank of Sri Lanka (CBSL) and held the position of Director of the Payments and Settlements Department at CBSL from 2016 to 2022. He has also been at the forefront of Sri Lanka’s digital transformation, serving as Secretary to the Ministry of Technology until September 2024. His work at CBSL, coupled with his tenure as Chairman of the Telecommunications Regulatory Commission of Sri Lanka and the Information and Communication Technology Agency, has been instrumental in advancing key sectors of Sri Lanka’s economy. Additionally, he has been actively involved in several committees including Cabinet appointed committees focused on exploring digital banking, blockchain technology, open banking, shared KYC and the efficient utilization of financial systems.
In his current role as a Consultant for Public Policy at Mastercard Sri Lanka and Maldives, Dr. Kumaratunge continues to contribute significantly to the growth of financial services in the region. His expertise has also been sought by various international bodies, including the International Trade Centre (UN) and the Asian Clearing Union (ACU), where he served as Alternate Country Director. Additionally, he has been actively involved in several committees focused on exploring digital banking, blockchain technology, and the efficient utilization of financial systems.