Mr Uditha Harilal Palihakkara, a leading accounting and finance personality holding membership in many recognised professional institutions – Accounting, Banking, Corporate Secretarial and Economics, has been the President of the three leading accountancy professional bodies in Sri Lanka: The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka), CIMA
Sri Lanka and ACCA Sri Lanka. In 2010, he was elected President of the Organisation of Professionals Association of Sri Lanka. (OPA) a multidisciplinary professionals institution comprising 52 member associations.
He has held leadership positions in several Public and Private Sector establishments including the Ceylon Electricity Board, Development Finance Corporation, People’s Merchant Bank, Merchant Bank of Sri Lanka, Acland Insurance Services Ltd., Securities Council of Sri Lanka, National Enterprise Development Authority, Postgraduate Institute of Management etc., and served as a Financial Management Specialist in the Commonwealth Secretariat (CFTC).
After a successful career in investment banking, he expanded his outreach by engaging in many projects and programmes of the World Bank, Asian Development Bank, African Development Bank, International Fund for Agricultural Development, European Development Bank, International Labour Organization etc. In 2015, The President of Sri Lanka, on the recommendation of the Constitutional Council appointed him as the Chairman of the Finance Commission of Sri Lanka.
In appreciation of dedicated services, he was inducted into the Hall of Fame of CA Sri Lanka, in 2014. In 2016, OPA presented him with the National Apex Award in recognition of his outstanding contribution to the profession and the nation. In June 2017 he was conferred the “People Leader – Finance 2017”, by the Institute of Personnel Management (IPM), in recognition of his contribution in promoting sound and vibrant people management practices in the world of work. In September 2017, he was honoured with a Recognition Award for his outstanding leadership and contribution and service to CIMA Sri Lanka.
A Director of a few companies, Mr Palihakkara is a Trustee of the Organisation of Professionals Association of Sri Lanka and, the President of the Sri Lanka China Business Cooperation Council.