Colombo Mourns the Loss of an Iconic Financial Leader
Colombo, 2023/10/21 – The business community and the nation at large are mourning the loss of a distinguished financial luminary, Deshmanya Deshabandu Lalith Kotelawala, the founding chairman of Seylan Bank and former chairman of Ceylinco Consolidated. At the age of 84, he peacefully passed away while under medical care at a private hospital in Colombo earlier this morning.
Mr. Kotelawala, a prominent figure in Sri Lanka’s financial landscape, had a profound impact on the banking and insurance sectors. His visionary leadership and relentless commitment to the growth of these industries left an indelible mark on the nation’s economic development. Throughout his career, he played a pivotal role in shaping the course of the financial landscape in Sri Lanka.
As the founding chairman of Seylan Bank, Mr. Kotelawala was instrumental in its establishment and growth, ensuring it became a cornerstone of the country’s banking sector. His tireless efforts, dedication, and strategic acumen transformed Seylan Bank into a formidable financial institution that served the needs of countless individuals and businesses.
Additionally, his tenure as the chairman of Ceylinco Consolidated, a conglomerate with diverse interests, was marked by a commitment to excellence and unwavering ethics. His influence extended beyond the boardroom, leaving an enduring legacy that continues to be celebrated by both the business community and the public.
Deshmanya Deshabandu Lalith Kotelawala’s passing leaves a void in the financial sector and in the hearts of many who admired his accomplishments and contributions. The nation extends its deepest condolences to his family and loved ones during this difficult time. Sri Lanka mourns the loss of a visionary leader, a financial icon, and a beloved figure who dedicated his life to the betterment of the nation.
Details of the final rites and funeral arrangements will be announced by the family in due course.