Mr. Nihal Fonseka, Chief Executive Officer of DFCC Bank, Sri Lanka and ADFIAP Vice Chairman has assumed as Chairman of the Association. He takes over Mr. Fuimaono Falefa Lima, Managing Director of the Samoa Development Bank, who opted to stand down as Chairman after two years in the post.
Mr. Foseka, who is the most senior Board Member having been in the ADFIAP Board since 2001, brings with him a wealth of experience gained over the years of engagement with various banking and financial institutions. He is a career banker and joined the Board of DFCC Bank in January 2000 with his appointment as Chief Executive.
Mr. Fonseka is a Director of Credit Information Bureau of Sri Lanka and a former Director of Commercial Bank of Ceylon Limited. He is the Chairman of the Colombo Stock Exchange and also a Member of the Governing Board of the National Institute of Business Management (NIBM) and the Postgraduate Institute of Management (PIM), Sri Lanka. He served on the Advisory Committee on Finance and Banking of the Ceylon Chamber of Commerce, Insurance and Financial Services Committee of the National Chamber of Commerce of Sri Lanka.
He is a Member of the Financial Sector, Taxation and Legal Reforms Clusters of the National Council for Economic Development (NCED) and Co-Chair of the Capital Markets Cluster of NCED. In recent years he has served as a Member of the Government’s Strategic Enterprise Management Agency, the post-tsunami Presidential Task Force for Rebuilding the Nation and the Task Force on SMEs. He is also a Member of the National Payments Council. He is a Graduate of the University of Ceylon, Colombo and a Fellow of the Chartered Institute of Bankers, UK.