Mr. Karunaratne served as the Deputy Governor in- charge of the financial system stability cluster of the Central Bank of Sri Lanka and retired from the Central Bank service in December 2020 after illustrious carrier of almost 35 years. He counts nearly 40 years experience in the financial services sector in Sri Lanka and overseas and currently functions as an independent consultant.
He commenced his career in the financial services sector with organizations like BDO Partners, Government Accountants Service and subsequently joined the Central Bank of Sri Lanka. Some of the key positions held by Mr. Karunaratne include Chairman, National payment Council, Chairman, Institute of Bankers of Sri Lanka, Chairman, Credit Information Bureau of Sri Lanka, Chairman, West Coast Power PVT Ltd Sri Lanka, Chairman, Financial System Stability Committee, Chairman, Internal Investment Committee of the Central Bank, Chairman, EPF Investment Committee, Commission Member, Securities and Exchange Commission, Director, Insurance Board of Sri Lanka, Vice President, Fixed Income Department, Refco Singapore Pte Ltd, Vice President, Prime Risk Monitoring, Man Financial Pte Ltd, Singapore, Chief Dealer Central Bank of Sri Lanka, Director, Financial Intelligence Unit of Sri Lanka, Director, International Operations Department of the Central Bank of Sri Lanka.
He holds a BSc Business Administration degree from the University of Sri Jayewardenepura and an M A in Economics from the Ohio University, USA. He is also a Fellow Member of the Institute of Chartered Accountants of Sri Lanka. In addition he held the Representatives Licence of the Monetary Authority of Singapore for Trading in Futures, Dealing in Securities and Leveraged Foreign Exchange Trading and had completed Capital Market Financial Advisory Services Examinations on Rules and Regulations for Dealing in Securities, Futures Product and Analysis etc., conducted by the Institute of Banking & Finance, Singapore.
Mr. Karunaratne is a regular speaker at various local and international forums on reserves and portfolio management and risk management. He had
participated in number of programs and seminars conducted by Bank of England, International Monetary Fund, Bank for International Settlements,
Monetary Authority of Singapore, Asian Development Bank, Bank of Japan, University of California and world Gold Council among others. He also
conducted the Treasury and Risk Management program of the Institute of Bankers for financial market participants over a decade.