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News about Duminda Silva
05 May 2016
Appointment of New Assistant Governors
The Monetary Board, at its meeting held on 05th April 2016 has promoted Miss.K Saravanamuttu and Mr. E A Hettiarachchi; Mr. R A A Jayalath, Mr. K M M Siriwardana and Mr. S J A Handagama, five Staff Class Grade IV officers, to the post of Assistant Governor with effect from 05th April 2016, 16th April 2016, 12th June 2016, and 18th June 2016, respectively. These promotions have been made in line with the succession plan of the Bank and to address the new challenges of the Central Bank.
Ms. K Saravanamuttu
Former Director of the Policy Review and Monitoring Department as the Assistant Governor in-charge of Financial Sector Research Department and Regional Development Department.
Ms. Saravanamuttu has served the Central Bank for more than 34 years and has worked in the Departments of Economic Research, Rural Credit, Secretariat, Bank Supervision, Financial Markets, Public Debt, Communications, Financial System Stability, Statistics and Policy Review and Monitoring. She has been a member of the Monetary Policy Committee and Financial Stability Committee of the Central Bank of Sri Lanka.
She was also released to the Ministry of Finance (MOF) and served as the Director of Economic Affairs and Deputy Director, External Resources Department and National Planning Department.
At the Central Bank, Ms. Saravanamuttu has been closely involved in the preparation of the Microfinance Bill. In addition, she has been responsible for the preparation of several Strategic Plans of the Central Bank. She has made significant contributions in the area of macroprudential analysis by introducing stress testing of banks and several financial soundness indicators.
Ms. Saravanamuttu established the regulatory system for the supervision of primary dealers and was also involved in the introduction of Sri Lanka Development Bonds. She also handled the work connected with the establishment of the first credit rating agency in Sri Lanka.
Ms. Saravanamuttu holds a Master of Arts Degree in Economics from the University of Manchester, United Kingdom and a Bachelor of Science Degree in Economics from the University of London.
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