Nations Trust Bank PLC
Mr. Russell De Mel is a professional accountant with over 20 years experience in development banking including project financing, SME financing and merchant Banking, and around 9 years of experience in commercial and investment Banking. He is a Fellow of the Chartered Institute of Management Accountants of UK (FCMA), Chartered Global Management Accountant (CGMA) and Fellow of the Certified Management Accountants of Sri Lanka (FCMA).
Mr. De Mel has served in the National Development Bank (NDB) and Group as the Director/ CEO and the Group CEO from March 2010 to August 2013. Prior to that he has held the positions of Vice President – Group Risk Management and Vice President of Corporate Banking Group of NDB.
He has also served on the Boards of over 25 listed and non listed companies over a period of 25 years, covering a wide range of sectors, i.e. Industry, Food & Beverage, Banking & Finance, Insurance & Capital Markets, Healthcare, Hospitality & Tourism, Plantations, Education & Communication, both within and outside NDB Group, and within and outside Sri Lanka. He currently serves on the Boards of TAL Lanka Hotels PLC, EAP Holdings (Pvt) Ltd., EAP Broadcasting Ltd., EAP Films and Theatres Ltd. and Singer Finance Lanka PLC.
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Nations Trust Bank PLC
Nations Trust Bank PLC (the Bank) is a commercial bank. The Bank's segments include Corporate Banking, which is focused on providing loans and other credit facilities and mobilizing deposit and current accounts from top to mid-tier corporate and institutional customers; Consumer Banking, which is focused on deposit mobilization from high net worth, mass fluent and emerging mass customer segments and providing personal financing; SME Banking, which is focused on providing business financing for small and medium customer segment; Leasing, which is focused on providing finance leases and hire purchase facilities; Treasury Function, which includes foreign exchange trading, fixed income security trading, assets and liabilities gap management; Investment Banking, which is focused on margin trading, money market operations and fund and fee based activities; Insurance Broking, which is focused on insurance broking, and Property Management, which is focused on renting out premises.