NDB Wealth Management Limited has announced a series of senior management promotions, reinforcing its leadership strength as the firm continues to expand its operations and deepen its presence within Sri Lanka’s evolving asset management industry.
The appointments come as NDB Wealth—Sri Lanka’s largest asset manager with over LKR 340 billion in assets under management—positions itself to meet growing demand for disciplined, research-driven investment solutions across retail, high-net-worth, and institutional segments.
Commenting on the promotions, Ruwan Perera, Chief Executive Officer of NDB Wealth Management Limited, said the changes reflect the depth of talent within the organisation and its commitment to building a future-ready leadership team.
He noted that each individual has made a meaningful contribution to the company’s growth journey, and their elevation recognises both performance and leadership capability. He further emphasised that strengthening leadership remains central to delivering long-term value to clients and stakeholders in an increasingly dynamic investment environment.
Among the key appointments, Priyal Mendis has been promoted to Chief Operating Officer, in recognition of his contribution to enhancing operational efficiency and supporting strategic execution. With over 18 years of experience across NDB Wealth and the broader capital markets sector, he brings expertise in investment operations, unit trust management, portfolio systems, risk management, financial instruments, and business strategy. He is a Fellow Member of the Institute of Chartered Accountants of Sri Lanka and holds an MBA from the Postgraduate Institute of Management, along with a First-Class BSc in Accounting from the University of Sri Jayewardenepura. He has also completed executive education at the Indian School of Business.
Daham Hettiarachchi has been appointed Chief Investment Officer, recognising his leadership in investment management and portfolio strategy. With more than 17 years of experience in capital markets and equity research, he brings strong capabilities in asset allocation, macroeconomic analysis, and investment strategy. A CFA Charterholder, he also holds ACMA and CGMA qualifications.
His previous experience includes roles at Commercial Bank of Ceylon, Softlogic Asset Management, JB Financial, National Asset Management, and JB Securities, where he built extensive expertise across equities, fixed income, valuation, and fund management. He has also contributed to industry development as a mentor for the CFA Institute Research Challenge in Sri Lanka.