US lender Citi today named a new country officer for its Sri Lanka franchise, to take over from Glen Rase, who has retired after eight years at the bank.

Twenty-four year veteran of the bank Ravin Basnayake starts this week. He reports to Tab Cuddyre, cluster head for Bangladesh, Brunei and Sri Lanka. 

Basnayake joined Citi
in 1988 in operations before moving to a client relationship role with the corporate bank. He has also served as head of sales and marketing for
Citibusiness, and head of global transaction services. 

His most recent role was head of corporate banking at the Sri Lanka business, where over the last few years he has built strong
client relationships and promoted collaboration among Citi’s businesses, said Cuddyre in a statement. 

Citi Sri Lanka has over 100 employees and was established in 1979. It offers cash management solutions, trade financing, corporate finance, and recently started risk management and hedging. It also has a strong community role - Citi and its employees have supported rebuilding of homes post Tsunami. 

The Sri Lanka franchise is rated triple A by Fitch Ratings Lanka and has maintained this rating since 2003.