Board Investment Committee Report

Composition of the Committee

The Committee as at the end of the year comprised the following members.

Mr. K.G.D.D. Dheerasinghe (Chairman)
Mr. J. Durairatnam (Managing Director/CEO)
Mr. S. Renganathan (Executive Director/COO)
Mr. H.J. Wilson (Director)
Mr. K. Dharmasiri (Director)
Mr. K.D.N. Buddhipala (Chief Financial officer)
Mr. K.A.P. Perera (Head of Global Markets)
Mr. A.N.P. Sooriyarachchi (Assistant General Manager – Corporate and Investment Banking)
Mr. A. Wijesiriwardane (Head of Global Treasury)
Mr. S.K.K. Hettihamu (Chief Risk Officer)

Please refer this section for profiles of the Board Members.

Head of Global Treasury functions as the Secretary of the Committee.

Charter of the Committee

The Committee is responsible for the investment related decisions of the Bank. Hence, the Committee will oversee investment activities by providing assistance and guidance, evaluate strategic relevance and financial viability of various investment proposals, monitoring the Bank’s various investment activities, in accordance with the various investment policies of the Bank.

Within this framework, the Committee performs following duties:

• Approve investment proposals, borrowings and related execution of agreements.
• Review existing investment portfolio performance, monitor adherence to investment policies and decisions of the Investment Committee.
• Review and recommend significant investment decisions, to be undertaken by the Bank to the Board of Directors.
• Review, introduce and approve investment policies and operational parameters relating to investments of the Bank.

The Committee meets once a month on a regular basis and may also schedule additional meetings if required. Refer Table 4.

Methodology Adopted by the Committee

The Committee meets monthly and reviews progress of strategic and significant investments, liquidity situation of the Bank and the country’s economic outlook. The Committee also reviews the monthly performance of Treasury and Investment Banking Division, where the interest rate risk, repricing risk and other market risks are discussed.

Activities in 2015

The Committee also from time to time, issued instructions to Executive Officers of the Bank on investment related activities.

K.G.D.D. Dheerasinghe
Chairman – Board Investment Committee

Colombo
February 24, 2016