A veteran in the industry, Mr. Fonseka, is a Fellow of the Institute of Bankers of Sri Lanka and holds an MBA from the Postgraduate Institute of Management at the University of Sri Jayewardenepura. He has been awarded a Distinction for the ACI Dealing Certificate and has accumulated over 29 years of experience in the field of Treasury Management. Furthermore, he is a Certified Member (CMA) of the Institute of Certified Management Accountants of Australia.

During the period spanning from 2018 to 2020, Mr. Fonseka assumed the role of President of the Association of Primary Dealers, in addition to holding membership in several committees, including the National Payment Council, Financial System Stability Consultative Committee, and the task force dedicated to studying and designing new alternative benchmark interest rates. Additionally, he held membership in the Market Working Group on Domestic Financial Market Infrastructure Development Project of the Central Bank of Sri Lanka (CBSL). Presently, he serves as a Non-Independent Non-Executive Director at People’s Leasing & Finance PLC, People’s Leasing Property Development Limited and LankaPay (Pvt) Limited. Credit Information Bureau of Sri Lanka, National Payment Council, Sri Lanka Banks’ Association (Guarantee) Ltd., Financial Ombudsman Sri Lanka (guarantee) Ltd., Institute of Bankers of Sri Lanka and Lanka Financial Services Bureau Limited. Prior to his current appointments, he acted as Chief Examiner for the Institute of Bankers of Sri Lanka’s IABF/DABF Examinations.

In 2002, Mr. Fonseka commenced his tenure at People’s Bank, and since November 2011, he has been a member of the Bank’s Senior Corporate Management team as Deputy General Manager. In this role, he oversaw the Foreign Exchange operations, activities of the Primary Dealer Unit, Investment Banking Unit, and USD and LKR Money Market operations, in addition to managing relationships with local and foreign commercial banks and financial institutions. Prior to joining People’s Bank, he held senior positions at American Express Bank and Standard Chartered Bank.

Mr. Fonseka was appointed as the Chief Executive Officer/General Manager of People’s Bank with effect from 1st of August 2023.