Clive Fonseka appointed as acting CEO/GM of People’s Bank

Clive Fonseka has been appointed as the Acting CEO/General Manager of People’s Bank with effect from 1st January 2023.Fonseka is a veteran banker with over 30 yearsof experience in local and global banks specializing in Treasury operations.Prior to joining People’s Bank he hasserved at Standard Chartered Bank and American Express Bank. Fonseka has also been appointed by Central Bank of Sri Lanka on multiple occasions to serve as a member of several key committees to develop the banking and financial services industry which include; Market Working Group on Domestic Financial Market Infrastructure Development , the Monetary Board Task Force to review the existing benchmark interest rates in the Sri Lankan Financial Market, Financial System Stability Consultative Committee, Committee to study and identify the gaps and future requirements of the existing payment and settlement infrastructure.

In addition, Clive Fonseka has served as the President of Association of Primary Dealers and currently is the Chairman of People’s Leasing Property Development Limited. He also serves as a Director of Association of Primary Dealers, Lanka Pay (Pvt) Ltd, Credit Information Bureau of Sri Lanka (Alternate Director), People’s Leasing & Finance PLC and Lankan Alliance Finance Limited (Bangladesh).

Fonseka is a Fellow of the Institute of Bankers of Sri Lanka and holds an MBA from the Postgraduate Institute of Management, University of Sri Jayawardenapura. He is also a Certified Member (CMA) of the Institute of Certified Management Accountants of Australia. Fonseka is a product of St. Sebastian’s College, Moratuwa.