Janashakthi Life strengthens Board with two new appointments


Janashakthi Insurance PLC appointed Sivakrishnarajah Renganathan and Dr. Nishan de Mel as Independent Non-Executive Directors of the organisation with effect from 27 July 2022.

Sivakrishnarajah Renganathan is the former MD/ CEO of Commercial Bank of Ceylon PLC, Commercial Development Co., PLC and Deputy Chairman of Commercial Bank of Maldives. He had held several key positions in the Bank. He has led Commercial Bank’s acquisition of the banking operations of Credit Agricole Indosuez in Bangladesh. In addition, he has served among others, as a Member of the General Council of the Institute of Bankers of Bangladesh, Founder / President of the Sri Lanka Bangladesh Chamber of Commerce and Industry, Executive Member of the Foreign Investors Chamber of Commerce and Industry in Bangladesh.

 Renganathan, a Fellow of the Chartered Institute of Management Accountants, UK (FCMA), Fellow of the Chartered Global Management Accountant (CGMA), Fellow of the London Institute of Banking & Finance, UK (FLIBF) and a Fellow of the Institute of Bankers Sri Lanka (FIB), had received extensive Leadership, Management and Banking training, both locally and overseas.

Dr. Nishan de Mel is the Executive Director and Head of Research of Verité Research, a think-tank providing analytical research and advisory services on economic, political and legal issues in Sri Lanka and Asia. He is an economist with extensive academic, policy and private sector experience. In Sri Lanka, he has been a Member of the Presidential Task Force on Health Sector Reform, Presidential Committee on Tobacco, Alcohol and Dangerous Drug Regulation and the National Steering Committee on Social Security. He has also served as an Executive Director of the International Centre for Ethnic Studies (ICES) and on the Board of the Sri Lanka Foundation Institute, amongst others. Furthermore, Dr. de Mel is already a Non-Executive Director in the Board of First Capital Holdings PLC of the Janashakthi Group.

Internationally, Dr. de Mel has held several governing, teaching and research positions, including as a Lecturer in Economics at the University of Oxford, UK. His undergraduate degree in Economics was from Harvard University, USA whilst he earned his Masters and doctoral Degrees in Economics at the University of Oxford where he was a Chevening scholar.