Ajith Nivard Cabraal to step down from his post

Ajith Nivard Cabraal to step down from his post

January 9, 2015   04:20 pm

Central Bank Governor Ajith Nivard Cabraal to step down from his post to enable new President to appoint a Governor of his choice, it was reported to Ada Derana.

Cabraal was chief economic advisor to Mahinda Rajapaksa during the latter’s term as prime minister, contributing to his manifesto (Mahinda Chintana).In 2005, Cabraal resigned from all his private positions to work full time for the government.

Cabraal was the Founder Chairman of the Corporate Governance Committee which developed the Code of Best Practice on Corporate Governance in Sri Lanka. He served as the President of the Business Recovery and Insolvency Practitioners Association of Sri Lanka. He is also a former Chairman of the Institute of Chartered Accountants of Sri Lanka (ICASL), and President of South Asian Federation of Accountants and the St. Peter’s College Old Boys Union.

Cabraal has also served as a Member of the Boards of the Strategic Enterprises Management Agency (SEMA), of the Securities and Exchange Commission, National Institute of Business Management, Post Graduate Institute of Management and the University of Moratuwa.

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