Alex Lovell appointed Union Bank Chairman
Alex Lovell, Chairman, Union Bank of Colombo PLC
Union Bank of Colombo PLC (UBC) has appointed Alexis Indrajit Lovell
as the new Chairman and Asoka de Silva as Deputy Chairman of UBC with
effect from May 1, consequent to Ajita de Zoysa former Chairman
relinquishing his services after a period of 9 years keeping in line
with the requirements of the Corporate Governance Direction of the
Central Bank of Sri Lanka.
Under the stewardship of the former Chairman Ajita de Zoysa, UBC’s
transformation from a small player in 2003 to a prominent dynamic player
within the industry by 2012 has been remarkable, the Bank said in a
With a committed and a dedicated team across the organization, UBC is
poised to accelerate its progress during the years ahead and it is with
much confidence that UBC welcomes Lovell, the new Chairman of Union Bank
who will continue to render a yeoman service in taking UBC to even
greater heights, the statement said.
Lovell was appointed to the Board in 2007 as a Non-Executive Director
and was subsequently appointed as the Deputy Chairman in December 2010.
He counts over thirty years of experience in Finance and Investment