Appointed to the Board of Directors of the Company on 22 June 2015. Mr. William Lisle is the Regional Chief Executive responsible for AIA Group’s businesses operating in Malaysia, Korea, Sri Lanka, India and Cambodia. Mr. Lisle was the Chief Executive Officer of AIA’s operation in Malaysia from December 2012 to May 2015 including leading the large-scale and successful integration of AIA Bhd post the acquisition of ING. Mr. Lisle joined the Group in January 2011 as Group Chief Distribution Officer. Prior to joining AIA, Mr. Lisle was the Managing Director, South Asia for Aviva from May 2009 until 2010.
Before joining Aviva, Mr. Lisle held a number of senior positions at Prudential Corporation Asia, including as their Chief Executive Officer in Malaysia from 2008 to 2009 and their Chief Executive Officer in Korea from 2005 to 2008; as Chief Agency Officer for ICICI Prudential from 2002 to 2004 and as Director of Agency Development, South Asia in 2001.
He holds an Executive Masters degree in Business Management specialising in insurance management from National Institute of Management, Mumbai and is a member of the Life Assurance Association.
MItchell David New
Non Executive Director
Appointed to the Board of Directors of the Company on 28 June 2013. Mr. Mitchell David New is the Group General Counsel for AIA Group. He has held various senior management positions in the operations of leading multinational life insurers in Asia and North America over 20 years in the insurance business.
Prior to joining the insurance industry, Mr. New practiced law at the Canadian law firm Fasken Martineau where his clients included a number of domestic and international banks, trust and insurance companies.
He is a graduate of the Faculty of Law at the University of Western Ontario and holds a Masters degree in Business Administration and a Bachelor of Commerce degree from McMaster University. He is a qualified Barrister and Solicitor and a member of the Law Society of Upper Canada.
Robert Alexander Hartnett
Non Executive Director
Appointed to the Board of Directors of the Company on 29 September 2015, Mr. Robert Alexander Hartnett is currently Regional Business Development Director and works with the AIA Group’s businesses in Korea, Malaysia, India, Sri Lanka and Cambodia. Prior to this, Mr. Hartnett has also held leadership positions in AIA’s New Zealand business where he was the Chief Financial Officer and Appointed Actuary and has also worked in AIA’s Group Chief Actuary Office supporting AIA’s Group Chief Actuary.
Before joining AIA in 2009, he was a Consulting Actuary working in the insurance and banking industries in Australia with PricewaterhouseCoopers performing both advisory and audit roles. He also worked with AXA for 9 years in both Australia and the Philippines in actuarial and related finance functions.
Mr. Hartnett holds a Bachelor of Commerce from the University of Melbourne and is a Fellow of the Institute of Actuaries of Australia.
Non Executive Director
Appointed to the Board of Directors of the Company on 4 December 2012. Mr. Manoj Ramachandran serves as the Group Senior Regional Counsel of AIA Group where he has responsibility for legal matters related to a number of the markets of operation of the AIA Group along with merger and acquisitions, joint ventures and other strategic initiatives.
Prior to joining the AIA Group Mr. Ramachandran served as the Head of Legal, Asia, for Fidelity International, a global investment management company. Mr. Ramachandran has over 18 years experience in the financial services industry, principally in the Asia - Pacific region.
He graduated summa cum laude from the University of California and also holds a Juris Doctor degree. He is admitted as an Attorney-at-Law in the State of California, USA and as a Solicitor in Hong Kong.
Independent Non Executive Director
Appointed to the Board of Directors of the Company on 17 May 2005. Mr. Deepal Sooriyaarachchi functioned as the Managing Director until end February 2010 and continues as a Director from March 2010 onwards. He is a Director of Sampath Bank PLC, Panasian Power PLC, Hemas Manufacturing (Pvt) Ltd, Richard Pieris Distributors Ltd and Singer Sri Lanka PLC. Presently he works as a Management Consultant.
He is a Fellow of the Chartered Institute of Marketing, UK, Chartered Marketer and has a Masters in Business Administration from the University of Sri Jayawardenepura.
Independent Non Executive Director
Appointed to the Board of Directors of the Company on 25 January 2016. Mr. Russell DeMel, having been with NDB Group for over 30 years, retired as its Director/ Group Chief Executive Officer in August 2013. Prior to this appointment, he served as Vice President – Head of the Corporate Banking Group and as Vice President – Head of Group Risk Management. During his long career at NDB he has held many key positions and also played a leading role in the privatisation of the plantation sector.
At present he is a member of the Board of Directors of Housing Development Finance Corporation, Maldive Islands and TAL Hotels Lanka PLC (Taj Samudra), EAP Holdings Pvt Ltd and Singer Finance (Lanka) PLC. He is also a Consultant to International Finance Corporation (IFC), a member of the World Bank Group.
Mr. DeMel is a Fellow of the Chartered Institute of Management Accountants, UK (FCMA), a Chartered Global Management Accountant (CGMA) and a Fellow of the Institute of Certified Management Accountants (FCMA), Sri Lanka.
Chief Executive Officer
Pankaj Banerjee has over 15 years’ experience in the life insurance industry. His most recent role was CEO of Prudential (Cambodia) Life Assurance, where he successfully grew the company from a start-up position in 2013 to one with multi-channel distribution. Prior to moving to Cambodia, he was Chief Officer – Partnership Distribution at Prudential Vietnam, where he played a crucial role in the significant growth of the distribution channel. He has also held senior roles at MetLife, Bharti AXA, and ICICI Prudential in the areas of product development, marketing and strategy.
Mr. Banerjee is a qualified Chartered Financial Analyst from the Institute of Chartered Financial Analysts of India and holds a PG Diploma in Business Administration.
Deputy Chief Executive Officer /Chief Agency Director
He heads the Direct Sales Distribution Division of the Company for Life insurance business. He also functions as the Deputy Chief Executive Officer. He holds a Bachelor of Science degree with honours from the University of Colombo and is an Associate of the Chartered Insurance Institute, UK. He also holds a Postgraduate Diploma in Actuarial Science. He is an Alumni of the International Center for Management Development, Switzerland. He was the President, Sri Lanka Insurance Institute in 2002 and 2003. He counts over 26 years of management experience in insurance.
Director IT / CIO
He heads the IT function of the Company. He holds a Masters degree in Information Technology (MSc-IT) from the Keele University - UK and is an Associate of the Bankers Institute of Sri Lanka (AIB). He is a passed finalist of Certified Information Security Manager (CISM) from the Information Systems Audit and Control Association (ISACA) - USA and a Project Management Professional (PMP) from the Project Management Institute (PMI) - USA. He is a member of the Computer Society of Sri Lanka (CSSL) and Professional Member of the British Computer Society (BCS). He counts over 30 years of overall experience in information technology in the banking and insurance sectors.
Director Human Resources & Company Secretary
She heads the Human Resource function, and is the Company Secretary. A Chartered Member of Chartered Institute of Personnel Management UK, she also holds a Postgraduate Certificate in Human Resource Management from the University of Sri Jayawardenepura. She has a Bachelor of Laws and a Master of Laws of the University of Colombo and is an Attorney-at-Law. She has successfully completed the International Diploma in Compliance of the International Compliance Association, UK. She was the Chairperson of the HR Sub Committee of the Insurance Association of Sri Lanka for the years 2011 and 2012. She counts over 19 years management experience in the fields of human resources, corporate law, litigation, compliance, company secretarial practice and business operations.
Kelum is responsible for the overall operations of the Company covering the technical areas of Life business, customer management, branch operations, investigation and complaint management, corporate solutions (operations and distribution) and the logistics management function. He holds a Diploma in Business Management from World View Institute and a Masters degree in Business Administration from the University of Western Sydney. He counts over 33 years of management experience in Life and General insurance business and has exposure in all technical and operational areas.
As Director Partnerships, he is responsible for the development and implementation of the Company’s bancassurance and partnership distribution function. He holds a Masters in Business Administration from the Postgraduate Institute of Management (PIM) of the University of Sri Jayawardenepura. He is a Chartered Marketer and a member of the Chartered Institute of Marketing, UK. He counts over 19 years of management experience in the Company and has wide exposure in the fields of product, marketing, strategy development, corporate planning and sales.
Gavin D’ Rosairo
Chief Financial Officer
He leads the Finance function of the Company with oversight responsibility for finance, investments and strategy. He counts over 6 years experience in the insurance industry in the areas of investments, strategy, risk and finance, and over 15 years experience as a fund manager, managing both fixed income and equity investment portfolios. His academic and professional exposure encompasses economics, investments, capital markets and finance. He is an Associate member of the Chartered Institute of Management Accountants (UK) and has a Bachelors degree in Commerce from the University of Sri Jayawardenepura with honours, specialising in international trade.