Clive Fonseka to lead People’s Bank into the next phase of growth and success

The Board of Directors of People’s Bank announced the appointment of Clive Fonseka as the Chief Executive Officer/General Manager (CEO/GM), effective from August 1st, 2023. He has been functioning as Acting CEO/GM of the bank since 1st January 2023. Fonseka’s extensive experience and remarkable achievements in the financial industry make him the ideal candidate to lead People’s Bank into the next phase of growth and success.

A veteran in the industry, Clive Fonseka is a Fellow of the Institute of Bankers of Sri Lanka and holds an MBA from the prestigious Postgraduate Institute of Management at the University of Sri Jayewardenepura. Over the course of his illustrious career spanning 30 years, Fonseka has demonstrated exceptional expertise in Treasury Management, garnering respect from peers and industry experts alike.

During his tenure as President of the Association of Primary Dealers from 2018 to 2020, Fonseka showcased outstanding leadership and spearheaded significant contributions to the financial sector. His active involvement in numerous esteemed committees, including the National Payment Council and Financial System Stability Consultative Committee, demonstrates his commitment to the advancement and stability of the financial ecosystem.

Fonseka’s deep understanding of financial markets and benchmark interest rates led to his pivotal role in the Market Working Group on the Domestic Financial Market Infrastructure Development Project at the Central Bank of Sri Lanka (CBSL). His insights and expertise have been invaluable in shaping the country’s financial landscape.

Presently, Fonseka serves as a Non-Independent Non-Executive Director at various esteemed institutions, including People’s Leasing & Finance PLC, People’s Leasing Property Development Limited, and LankaPay (Pvt) Limited, among others. His involvement in these organizations further underscores his commitment to fostering excellence within the industry.

The Board of Directors is confident that under Clive Fonseka’s guidance as the CEO/GM, People’s Bank will continue to strengthen its position as a premier financial institution, offering innovative solutions and unparalleled service to its customers and stakeholders.