| | NOVEMBER 20248IN FOCUSRASHMI PEIRIS PARANAVITANE APPOINTED AS 11TH PRESIDENT OF CFA SOCIETY SRI LANKACITI APPOINTS JAEWON HWANG AS HEAD OF COMMERCIAL BANKING FOR KOREACFA Society Sri Lanka (CFASSL), part of the global CFA Institute network spanning 160 countries, has announced the appointment of Rashmi Peiris Paranavitane, CFA, as its 11th President following the Annual General Meeting in Colombo. She takes over from Aruna Perera, CFA. With more than 18 years of experience in investment research, financial analysis, and consulting, Rashmi brings extensive expertise and leadership to the society.Rashmi Peiris Paranavitane, CFA, earned her charter in 2012 and has since played a significant role within CFA Society Sri Lanka, contributing her skills and insights as a board member and committee leader. She has notably served as Chair of the Capital Market Awards and, most recently, as Chair of the ESG Committee, where she has been pivotal in advancing sustainability efforts in Sri Lanka's capital markets. Her leadership was instrumental in introducing the Best ESG Reporting Award at the 2024 Capital Market Awards, recognizing corporates for exemplary practices in sustainability reporting.Speaking on her appointment, Rashmi said, "I am honoured to assume the leadership of CFA Society Sri Lanka, whose mission to advocate the highest standards of ethics, continuous learning, and professional excellence remains critical as the industry continues to evolve amidst many challenges. I look forward to serving our membership and key stakeholders, together with the board in pursuing our core mission and strategic initiatives".Currently, Rashmi serves as a Senior Manager at Stax, a global management consulting firm working with corporate and private equity clients across industries such as technology, healthcare, business services, and consumer/retail. Prior to joining Stax, she worked at Moody's Analytics Knowledge Services (formerly Amba Research), where she served as Global Head of Projects and Transitions. In this role, she led a team of equity research analysts across delivery centers in Sri Lanka, India, and China, supporting top-tier investment banks and asset managers covering diverse sectors.Rashmi is a CFA Charterholder and earned her BSc (Hons.) in Business Administration from the University of Sri Jayewardenepura. CFA Society Sri Lanka warmly congratulates Rashmi Peiris Paranavitane on her appointment and anticipates her continued contributions to advancing the society's impact and fostering industry growth. Citi has appointed Jaewon Hwang as the Head of Citi Commercial Bank (CCB) for Korea. In this role, Hwang will lead the growth of CCB's business in Korea, overseeing business operations and financial performance, and strengthening key client and regulatory relationships.Hwang will report to MS Yoo, chief country officer of Citi Korea and Gunjan Kalra, head of Citi Commercial Bank for Japan, Asia North, Australia and Asia South clusters.Hwang brings over 23 years of corporate banking experience to this role. As a parent account manager for a major corporation in Korea and as head of the top-tier local corporates (TTLC) division, he has been instrumental in driving the overall growth of Citi's corporate banking business through effective credit exposure and capital management, as well as the diversification of products and services. He joined Citi Korea in 2001 as a management associate and has since held various roles, including business development officer at Middle Markets Group in Los Angeles and head of Korea Desk for North America and Latin America in New York. Hwang graduated from Korea University and holds an MBA from New York University`s Stern School of Business."We are seeing an increasing trend of Korean companies going global and expanding their business in other regions. Through Citi's global network and strong knowledge of local markets, we are well-placed to support fast-growing Korean mid-sized corporates with their global and regional aspirations. I am confident that under Jaewon's leadership, our business will continue to gain momentum", said Gunjan Kalra.CCB is an integral part of Citi's global strategy and a key engine for growth. It focuses on delivering Citi's competitive product suite, including cash and liquidity management, foreign exchange, trade finance, capital markets, and lending solutions among others, to mid-sized corporates that are looking to build an international footprint.CCB operates across 12 markets in Asia, serving clients in Australia, Mainland China, Hong Kong, India, Indonesia, Japan, Malaysia, Singapore, South Korea, Taiwan, Thailand, and Vietnam. | | NOVEMBER 20248
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