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Chathuri Munaweera appointed new CEO of AIA Insurance, making her the company’s first female CEO

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AIA Insurance Lanka announced the appointment of Chathuri Munaweera as its new Chief Executive Officer (CEO). The appointment will be effective 01 May 2022 subject to approval of the Insurance Regulatory Commission of Sri Lanka. Notably, she will be the company’s first female CEO. The outgoing CEO, Nikhil Advani is relocating within the AIA Group as CEO of AIA Thailand.

Chathuri is a highly experienced executive with over 25 years of experience in the insurance industry in Sri Lanka. She is the Director Legal & Operations of AIA Insurance Lanka (AIA Sri Lanka) responsible for Life Operations, Corporate Law, Company Secretarial and External Relations and has previously been the Company’s Chief HR Officer and Chief Compliance Officer. Chathuri has been a member of the Executive Committee of the Company since 2006, playing a lead role in strategic planning and business achievements.

Chathuri led the complex corporate restructuring of AIA Sri Lanka to ultimately become a wholly owned subsidiary of AIA Group. She has been responsible for the digital and process transformation of AIA Sri Lanka’s end- to -end customer journey, aligning to customer and advisor support which was recognised with a number of ‘Most Improved’ Country Awards within AIA Group (2021). She led the operational changes which saw premium collections grow via digital and bank-led non-cash collection methods and customer conservations, thus improving both new business sales efficiency and the quality of the in-force business.

Chathuri concluded her studies at Visakha Vidyalaya and is a lawyer by training (Sri Lanka Law College) with a Bachelor and Master’s degrees in law from the University of Colombo. She is a Chartered Member, Chartered Institute of Personnel and Development, UK and holds an International Diploma in Compliance (Graduate), ICA, (Manchester Business School, University of Manchester) UK.

She was recognised as one of the 16 trailblazers who are driving gender equality across Sri Lanka, at the launch of the #TogetherWeCan campaign by the IFC-DFAT SheWorks Sri Lanka Partnership, a campaign intended to pave the way for the private sector to enhance employment opportunities for women.

Outgoing CEO Nikhil has been a part of AIA Insurance Lanka since 2016 and was responsible for the Company’s new life insurance product portfolio and expanded its footprint in the health market. Having taken over as CEO in 2019, under his leadership, AIA Sri Lanka achieved strong growth in its topline and outperformance in VONB, OPAT and other financial KPIs, demonstrating resilience during some of the most challenging economic times in Sri Lanka’s history. He joined AIA Group in 2011 as Group Head of Channel Marketing and AIA Sri Lanka in 2016 as Chief Marketing Officer and Director of Customer Strategy and Transformation. Nikhil has over 26 years’ experience in insurance and financial industries.

Bill Lisle, Regional Chief Executive AIA Group and Chairman AIA Insurance Lanka, said: “I am delighted that Chathuri is set to become CEO of AIA Insurance Lanka. She brings a proven track record and considerable experience to the CEO role and is well-positioned for continued success. I wish her all the best and am confident she will accelerate the company’s positive momentum in its next phase of growth in Sri Lanka. I also want to congratulate Nikhil on his outstanding performance and invaluable leadership and wish him every success as he assumes the position as CEO of AIA Thailand.”



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ComBank unveils new Corporate Branch at Head Office

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Commercial Bank Managing Director/CEO, Sanath Manatunge, Chief Operating Officer S. Prabagar, Deputy General Manager – Corporate Banking Hasrath Munasinghe, Corporate Branch Chief Manager -Ruvini Samarasinghe and representatives of the Bank’s corporate and senior management at the opening of the new Corporate Branch

The Commercial Bank of Ceylon has transformed its iconic ‘Foreign Branch’ into the ‘Corporate Branch,’ reaffirming its commitment to delivering dedicated, comprehensive financial solutions to corporate and trade customers.

The Bank said this transformation represents a new milestone in its illustrious journey, and resonates with the rich commercial heritage of Colombo, a city that has long served as a vital trading hub in the region.

Strategically located at the Bank’s Head Office at Commercial House, 21, Sir Razeek Fareed Mawatha (Bristol Street), Colombo 1, this rebranded Corporate Branch stands as a first of its kind in Sri Lanka —a premier financial hub tailored exclusively to the needs of corporate customers, the Bank said. The transformation aligns with the Bank’s vision of providing unparalleled service excellence, bespoke financial solutions, and fostering long-term business partnerships.

Commenting on this strategic initiative, Commercial Bank’s Managing Director/CEO Sanath Manatunge stated: “It is our aspiration that just as the historic Delft Gateway, at which our Head Office is located, once opened the path to the Dutch Fort, our Corporate Branch will chart a new era of enduring and prosperous business collaborations, that will extend beyond Sri Lanka’s shores.”

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Fits Retail and Abans PLC Unveil Exclusive DeLonghi Premium Coffee Experience

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The iconic DeLonghi coffee machines at Abans showroom

Fits Retail has partnered with retail giant Abans PLC to showcase the iconic DeLonghi coffee machines at two of Colombo’s most prestigious locations: Abans Elite Colombo 3 and Abans Havelock City Mall showrooms.

At these dedicated demonstration zones, visitors can discover the unparalleled precision engineering and user-friendly technology that have made DeLonghi machines the preferred choice for discerning coffee lovers in more than 46 countries worldwide. Renowned for consistently delivering café-quality espresso, cappuccino, and even specialty cold brews, DeLonghi machines exemplify Italian innovation at its finest.

Yasas Kodituwakku, CEO of Fits Retail, expressed excitement about the collaboration: “This partnership represents our unwavering commitment to bringing global coffee excellence to Sri Lankan connoisseurs. With Abans PLC, we’re creating more than just demonstration spaces; we’re curating premium destinations for an authentic coffee experience.”

“As pioneers of premium lifestyle experiences in Sri Lanka, our collaboration with Fits Retail aligns seamlessly with our vision of elevating everyday moments into exceptional experiences,” said Tanaz Pestonjee, Director Business Development at Abans PLC.

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Members’ Night of the Sri Lanka – Russia Business Council of The Ceylon Chamber of Commerce

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Participants at the Members’ Night

The Sri Lanka-Russia Business Council (SLRBC) of The Ceylon Chamber of Commerce (CCC) hosted a Members’ Night on March 27, at the Sophia Colombo City Hotel. The event, attended by His Excellency Levan S. Dzhagaryan, Ambassador of Russia to Sri Lanka, offered a valuable platform for business leaders, embassy officials, and Members to discuss and explore opportunities for deeper Sri Lanka-Russia collaboration, a CCC news release said.

SLRBC President, Mr. Jude Fernando, kicked off the evening with a speech highlighting the importance of strengthening international ties, which was followed by H.E. Dzhagaryan’s address on the need for continued engagement between the two countries. The event featured networking opportunities, allowing Members to connect with key stakeholders and discuss future business ventures, followed by a delightful dinner.

The event was made possible with the generous support of sponsors, including OCEAN 7 Logistics (Pvt) Ltd, Bally/Walkers Tours, Fibre cement associations, Ceylon Fresh Teas, SCANWELL Logistics, Regency Teas, Shan Teas, and others, whose contributions were key to its success.

The SLRBC is committed to further facilitating trade and cultural exchange between Sri Lanka and Russia, continuing to foster stronger business relationships.

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