The Commercial Bank of Ceylon PLC has announced the appointment of Chief Operating Officer Sanath Manatunge as Managing Director effective May 12, 2022, and the concurrent appointment of Sellathurai Prabagar as Chief Operating Officer to fill the vacancy arising from Manatunge's promotion. Manatunge succeeds Sivakrishnarajah Renganathan who will retire on May 11, 2022, ending a distinguished 41-year career at Commercial Bank. Sanath Manatunge has been with Commercial Bank for 32 years, the last four of them as an Executive Director and the Bank's Chief Operating Officer.

He previously headed the Corporate Banking and Trade Finance Divisions of the Bank as Deputy General Manager - Corporate Banking and has also served as the Bank's Chief Risk Officer (CRO). Commercial Bank's new Chief Operating Officer Sellathurai Prabagar was Deputy General Manager Corporate Banking prior to his appointment as COO. A senior banker with over 26 years of diversified banking experience with Commercial Bank, Prabagar was appointed to Commercial Bank of Ceylon Bangladesh as Chief Operating Officer and went on to become the Country Manager, heading the entire operation in 2009.