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Merchant Bank of Sri Lanka & Finance CEO suspended; acting CEO named

Merchant Bank of Sri Lanka & Finance Plc said D.M. Nisham P. Karunapala has been suspended as CEO, effective May 11, pending an inquiry.

The lender named G.M. Jude A.R. Gamalath as acting CEO, effective the same day. He was previously deputy general manager of marketing product development.

The Central Bank of Sri Lanka has approved the appointment.