Damith Pallewatte appointed Chair of Lanka Ventures, LVL Energy Fund
Senior banker, Damith Pallewatte, who counts over 25 years of experience in key leadership positions at three of Sri Lanka’s leading banks, has been appointed the Chairman of Lanka Ventures PLC and LVL Energy Fund PLC.
Pallewatte, whose appointment is effective from 26 November 2021, will also serve as a Non-Independent and Non-Executive Director of the two companies, both of which are listed on the Colombo Stock Exchange (CSE).
Lanka Ventures PLC (LVL) is a venture capital company incorporated in 1992 having current majority shareholding with Acuity Partners (Private) Limited, a joint venture company equally held by Hatton National Bank PLC and DFCC Bank PLC. In June 2006, LVL formed a fully-owned subsidiary under the name LVL Energy Fund (Private) Limited (LEF) to channel its investments in the energy sector.
Pallewatte holds a MBA from the Postgraduate Institute of Management (PIM), University of Sri Jayewardenepura as well as a wide array of globally-recognised professional qualifications. At present, he serves as the Deputy General Manager (DGM) – Wholesale Banking Group of HNB PLC, overseeing several critical business verticals including Corporate Banking, Emerging Corporates, Trade Finance, Financial Institutions, Islamic Banking, Transaction Banking and Project Finance.