The State Mortgage and Investment Bank (SMIB) is one of the most established
financial institutions in Sri Lanka.
Chairman
M P Kuragama, is a distinguished senior banker, counting over 32 years of extensive and varied experience in all areas of banking. Appointed as the Chairman of SMIB in November 2024, he brings a wealth of knowledge in leadership, strategic planning, and management to the role.
During his career, M P Kuragama has held diverse roles, showcasing his versatility and depth of expertise. He primarily served at Sampath Bank, where he was a key member of the Corporate Management Team and the bank’s Technical Advisory Team. His contributions were instrumental in shaping strategic direction of the bank, driving innovation, and ensuring operational and technology excellence that Sampath Bank takes pride in. His dedication to excellence, deep understanding of the banking sector and integrity have earned him recognition as a trusted leader committed to advancing organizational goals and fostering growth.
M P Kuragama is an associate member of the Institute of Bankers of Sri Lanka (IBSL) and an alumnus of the Harvard Business School (USA). He has attended many development programmes both in Sri Lanka and overseas, including at the prestigious National University of Singapore.
Independent Non-Executive Director
He is an Attorney-at-Law boasting over 29 years of experience, equipped with an LL.B from the University of Colombo’s Faculty of Law. He has specialized in a broad spectrum of legal fields, including Commercial Law, Companies Law, Land Law, and Labour Law, practicing across District Courts, Commercial High Court, Civil Appeal High Court, and Labour Tribunals.
Additionally, he is skilled in handling Writ Applications, Administrative Law, and Fundamental Rights cases in both the Court of Appeal and Supreme Court. He is a dedicated delegate of the Bar Association of Sri Lanka and an esteemed member of the Colombo Law Society and the Organization of Professional Associations, showcasing his extensive expertise and commitment to his profession.
Non-Executive, Ex-officio Director
With a master’s in public management from the Sri Lanka Institute of Development Administration and a BSc in Public Admin from the University of Sri Jayawardarapura, he is a seasoned accountant who boasts over 30+ years in Sri Lanka's service.
His credentials include Associate Membership with the Association of Accounting Technicians, Fellowship in Public Finance Accountants, Certified Business Accountant, and Chartered Public Financial Management Accountant (ICASL), and he is a Member of the Chartered Institute of Public Finance & Accountancy. He is an expert in Public Financial Management, Treasury, Debt Management, Auditing, Accounting, and Public Procurement.
Independent Non-Executive Director
With a well-known academic background, he holds two Ph.D. degrees: one in Business Management from KEISEI International University and another in Marketing from Wayamba University. Additionally, he has mastered the art of Financial Management through an MBA from Indira Gandhi National Open University and broadened his expertise with a General MBA from Wayamba University.
His foundational knowledge stems from a B.Sc. (Special) in Public Administration from the University of Sri Jayewardenepura. Beyond his educational achievements, he is an esteemed Member of the Association of Accounting Technicians, showcasing a diverse and comprehensive skill set in both academia and professional fields.
Independent Non-Executive Director
He began his educational chase at the Australian Institute of Business, Adelaide, earning an MBA and a Post Graduate Diploma in Business Management. His quest for professional growth led him to become a fellow member of the Chartered Professional Managers and a certified member of the Sri Lanka Institute of Marketing.
Further elevating his stature, he is also a fellow member of both the Chartered Management Institute and the Association of Business Executives, in addition to memberships in the Chartered Institute of Marketing and the Institute of Management. With over 30 years of senior managerial experience, his career narrates a journey of leadership, excellence, and an unwavering commitment to the business realm.
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