Mr. Jonathan Alles, Managing director of Hatton National Bank PLC will be retiring from the services of the Bank with effect from August 23, 2024. He will also be resigning from the Board of company with effect from the said date. Mr. Damith Pallewatte, currently serving as the deputy general manager - wholesale banking group of company has been selected by the board of directors at its meeting held on even date to be the successor to Mr. Alles and the appointment will be effective from August 24, 2024 with the retirement of Mr. Alles, subject to approval of his fit & propriety from Central Bank of Sri Lanka.

Mr. Pallewatte, will be taking over as Managing Director of the company with over 27 years of experience in the banking sector of which over 14 years in Senior/Corporate Management. He has exposure to the full spectrum of banking covering branch banking, operations, and credit including strategy & risk management. He has also held corporate management positions in two leading private sector commercial banks in Sri Lanka.