Economist Dr. Kenneth De Zilwa, Chairman, LankaClear | Daily News

Economist Dr. Kenneth De Zilwa, Chairman, LankaClear

Top economist and senior banker, Dr. Kenneth De Zilwa assumed duties as the fifth Chairman of LankaClear after being appointed by the Central Bank Governor Prof. W.D. Lakshman for a term of three years effective from June 1, 2020. He succeeded another veteran banker, Anil Amarasuriya who completed illustrious six-years as the Chairman.

Established in 2002, LankaClear is the operator of the country’s national payment network – LankaPay and is regarded as one of the most successful public-private partnerships in the region.

Being an ex-banker and a top economist, Dr. De Zilwa’s appointment to LankaClear comes in at a crucial juncture for the country, where LankaClear’s role has become even more critical with Sri Lanka’s digital journey gaining vigor with multiple macro-economic developments and emerging opportunities, which are set to create an unprecedented demand for digital payments in the country.

Having worked at Citibank N.A. and HSBC, Dr. De Zilwa counts for over 20 years of experience in banking and managing business at senior managerial level across all verticals and brings with him a wealth of knowledge and exposure that would undoubtedly add value to LankaClear, thus, contributing immensely to the growth and stability of the financial sector.

Dr. De Zilwa is well known for his expertise in Treasury, especially in the areas of risk management, money markets and debt markets, in both domestic and international financial markets, alike. At HSBC, Dr. De Zilwa played a significant role in handling the derivative markets with his exceptional knowledge and exposure to capital markets and domestic debt products.

Dr. De Zilwa was also the President of the Sri Lanka Forex Association and has been instrumental in setting up of the ACI Market Ethics Committee, Education Committee and a Regulatory Framework while inspiring and leading the Association to new heights. Under his leadership, Forex was able to gain full membership of ACI International and make the Association internationally reputed, owing to his vast knowledge, experience and exposure. He was appointed Secretary for the ACI Model Code Committee by Central Bank and was responsible for Sri Lanka’s First Interest Rate Option and Currency Derivative Transactions and also developed the First Islamic Finance Rupee Bond (i.e. Sukuk).