H. A. Karunaratne

Deputy Governor

Mr. H A Karunaratne has over 32 years of experience in the Central Bank especially in the areas of Economic and Price Stability, Financial System Stability and other Agency Functions carried out by the Central Bank. Prior to the appointment as a Deputy Governor, Mr. Karunaratne held the position of the Assistant Governor in-charge of Employees' Provident Fund, Risk Management, and Secretariat Departments; and supervised the administrative matters of the Financial Intelligence Unit. In addition, Mr. Karunaratne served as the Secretary to the Monetary Board of the Central Bank of Sri Lanka for nearly four years. He also served as the Secretary to the Monetary Board Advisory Audit Committee, Secretary to the Board Risk Oversight Committee, Secretary to the Ethics Committee and the Head of Secretariat of the Whistleblowing Policy of CBSL.

Mr. Karunaratne holds a Master of Arts degree in Economics from Ohio University, USA and a Bachelor of Science degree in Business Administration from the University of Sri Jayewardenepura. Mr. Karunaratne is an Associate Member of the Institute of Chartered Accountants of Sri Lanka.

Mr. Karunaratne currently serves as the Vice Chairman of the Institute of Bankers of Sri Lanka (IBSL) and the Chairman of the Audit Committee of the IBSL. He has made a significant contribution towards achieving core objectives of the CBSL through his vast knowledge and experience locally as well as overseas especially in the areas of reserve

management, debt management, securities markets, risk management and financial intelligence. He has also published several research articles on the topics of reserve management, government debt securities market, derivative markets and primary dealer systems.