Mr. Clive Fonseka

Director

Mr. Fonseka is a Fellow of the Institute of Bankers of Sri Lanka and holds a Master’s Degree in Business Administration from Postgraduate Institute of Management of University of Sri Jayewardenepura. He has received a Distinction for the ACI Dealing Certificate and counts more than 29 years’ experience in Treasury Management. He is also a Certified Member (CMA) of the Institute of Certified Management Accountants of Australia.

He has acted as the President of the Association of Primary Dealers during the period of 2018 to 2020, as a member of the National Payment Council, Financial System Stability Consultative Committee the task force to study and design a new alternative benchmark interest rates and as a member of the Market Working Group on Domestic Financial Market Infrastructure Development Project of Central Bank of Sri Lanka. He also acts as a non-independent Non-Executive Director at People’s Leasing & Finance PLC, People’s Leasing Property Development Limited, Lankan Alliance Finance Limited and LankaPay (Pvt) Limited at present. Furthermore, he has acted as a Chief Examiner for Institute of Bankers of Sri Lanka’s IABF/DABF Examinations previously.

Mr. Fonseka joined People’s Bank in 2002 and he has been a member of People’s Banks’ Senior Corporate Management team from November 2011 as Deputy General Manager overseeing the Foreign Exchange operations, activities of the Primary Dealer Unit, Investment Banking Unit and USD and LKR Money Market operations. Furthermore, he is responsible for the management of the relationships of Local and Foreign Commercial Banks and Financial Institutions. Prior to joining People’s Bank he has served at American Express Bank and Standard Chartered Bank.

He was appointed as the Acting Chief Executive Officer/General Manager of People’s Bank with effect from 1st of August 2023.