Commercial Bank of Ceylon Managing Director and Chief Executive Officer Sanath Manatunge has been appointed Chairman of the Employers’ Federation of Ceylon (EFC), one of Sri Lanka’s foremost business organisations representing employers across a broad range of industries.
The appointment, announced by Commercial Bank, recognises Manatunge’s leadership in Sri Lanka’s corporate sector and his longstanding contribution to national economic and business development.
He was appointed at the 97th Annual General Meeting of the EFC, where the organisation constituted its Board of Trustees and Council Members for the 2026/27 financial year. Manatunge succeeds Dinesh Weerakkody as Chairman and will serve alongside Vice Chairman Dinal Peiris, Chairman and Managing Director of Lanka Aluminium Industries PLC Group.
With more than 36 years of experience in banking and finance, Manatunge brings extensive industry expertise to the role. In his inaugural address, he reaffirmed the EFC’s commitment as Sri Lanka’s national employers’ organisation, highlighting the importance of labour law reforms that support future-ready businesses while promoting responsible business practices. He also stressed the need for constructive engagement among tripartite stakeholders to strengthen the country’s employment landscape and advance shared national priorities.
Manatunge currently serves as Chairman of the Sri Lanka Banks’ Association (SLBA) and holds several other prominent leadership and advisory positions, including membership of the UNICEF Business Council, the Ceylon Chamber of Commerce, and the World Bank Group’s Private Sector Advisory Council. He also serves as an Ex-Officio Member of the Stakeholder Engagement Committee of the Central Bank of Sri Lanka.
In addition, he is Deputy Chairman of Commercial Development Company PLC and Commercial Bank of Maldives (Pvt) Ltd. Having spent more than three decades at Commercial Bank, Manatunge was appointed Managing Director and CEO in May 2022 after serving as Chief Operating Officer and Executive Director.
During his career at the Bank, he has held several senior leadership roles, including Deputy General Manager – Corporate Banking, where he drove significant growth in the corporate lending and trade finance portfolios while maintaining asset quality. As Chief Operating Officer, he also oversaw key business divisions including Personal Banking, Corporate Banking, Information Technology, Cards, and Digital Banking, helping strengthen the Bank’s leadership across these segments.