Theagarajah is new MD and CEO, Cargills Bank

Reported by: |Updated: January 10, 2018

Rajendra Theagarajah has assumed charge as MD and CEO at Sri Lanka’s Cargills Bank. He succeeds Prabhu Mathavan, who has completed his term but will continue as a member of the board and an ED overseeing a framework of support services, including financial control and reporting functions. Theagarajah has been with the bank as a non-executive joint deputy chairman since December 2016. In his new role, he will be responsible for executing strategy and delivering the bank’s business plan, which includes a road map for a listing at a future point in time. He had served Cargills Bank from its inception having been its deputy CEO/CFO. He is a veteran banker with a wealth of experience in the banking and financial services sector and counts over 34 years in banking both locally and internationally. Prior to joining Cargills Bank, he functioned as CEO of National Development Bank and as MD and CEO of Hatton National Bank.