HNB Appoints Dr. Rohan Karunaratne as Chairman of Sithma Development 📈

Hatton National Bank PLC (HNB) has announced the appointment of veteran engineer and industry leader Dr. Rohan Karunaratne as the Chairman of its fully-owned property development arm, Sithma Development Ltd. • Strategic Oversight: Sithma Development is responsible for the ownership and management of HNB’s landmark real estate assets, including the 23-story HNB Towers in Colombo. The subsidiary plays a critical role in managing the bank’s strategic physical infrastructure and real estate portfolio. • Expertise & Leadership: Dr. Karunaratne brings over 40 years of experience across engineering, construction, and development finance. He is a Fellow of the Chartered Institute of Building (CIOB) and serves as President of the Ceylon Institute of Builders. • Broader Economic Impact: His appointment aligns with HNB’s focus on institutional real estate governance. Dr. Karunaratne has previously held leadership roles at Bank of Ceylon (BOC) Property Development, Arpico Finance PLC, and the Chamber of Construction Industry, contributing significantly to national policy and industry standards. • Key Focus: The transition aims to leverage Dr. Karunaratne’s multidisciplinary background to strengthen Sithma Development’s role in high-value property management and strategic real estate investment for the HNB Group.