Uthum Herat - AbsoluteAstronomy.com

Dr. Amal Uthum Herat in Colombo, Sri Lanka

Sri Lanka

Sri Lanka, officially the Democratic Socialist Republic of Sri Lanka is a country off the southern coast of the Indian subcontinent. Known until 1972 as Ceylon , Sri Lanka is an island surrounded by the Indian Ocean, the Gulf of Mannar and the Palk Strait, and lies in the vicinity of India and the...

was Deputy Governor of the Central Bank of Sri Lanka

Central Bank of Sri Lanka

The Central Bank of Sri Lanka is the monetary authority of Sri Lanka. It was established in 1950, two years after independence. The founder governor of the Central Bank of Sri Lanka was John Exter, while the minister of finance at the time was J.R...

and Alternate Executive Director of the International Monetary Fund

International Monetary Fund

The International Monetary Fund is an organization of 187 countries, working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world...

Education

Uthum Herat received his early education at St.Thomas' Preparatory School in Kollupitiya

Kollupitiya

Kollupitiya is a major city in Colombo, Sri Lanka. The name Kollupitiya comes from the name of a chief from Kandy who had unsuccessfully attempted to dethrone the last king of Kandy. During the period of British and Dutch administration, a brewery had commenced in Kollupitiya which converted...

and St Thomas' College, Mt. Lavinia. He was awarded a BSc degree with first class honours by the University of Sri Jayawardenapura, and awarded MSc and PhD from Purdue University

Purdue University

Purdue University, located in West Lafayette, Indiana, U.S., is the flagship university of the six-campus Purdue University system. Purdue was founded on May 6, 1869, as a land-grant university when the Indiana General Assembly, taking advantage of the Morrill Act, accepted a donation of land and...

in the United States.

Career with the Central Bank of Sri Lanka

Herat was one of Sri Lanka's leading figures in the world of banking. Having served the Central Bank of Sri Lanka with distinction for 26 years he was appointed Deputy Governor, the highest office for a career central banker in Sri Lanka, on 27 May 2009.
As Deputy Governor, Herat was in charge of financial system stability, and chaired the Financial Stability Committee, and also served on many key committees within the Central Bank including the Monetary Policy Committee and Foreign Exchange Management Committee. He was also the ex-officio Chairman of the Credit Information Bureau of Sri Lanka and the National Payment Council.

Prior to his appointment as Deputy Governor, Herat worked in the Statistics Department, and the Economic Research Department. While in Economic Research Department, he served as the Head of International Finance, Head of Money and Banking, Deputy Director, Additional Director, and as Director of Economic Research. In 2004, Herat was released to the International Monetary Fund

International Monetary Fund

to serve as Alternate Executive Director for Bangladesh, Bhutan, India, and Sri Lanka. Upon his return to the Bank in 2007, Herat assumed office as Assistant Governor in charge of Bank Supervision Department, Supervision of Non-Bank Financial Institutions Department, Financial Stability Departments and several operational departments within the Central Bank of Sri Lanka.

Dr.Herat was also the Chairman of the institute of Bankers of Sri Lanka (IBSL) since July 2009.

He was a much loved and deeply respected official of the Central Bank of Sri Lanka.

Author

Uthum Herat was a leading author on financial matters writing for both national and international magazines and newspapers - in the areas of monetary policy, foreign exchange market, financial sector reforms, money laundering, Central Bank independence, economic growth, exchange rate

Exchange rate

In finance, an exchange rate between two currencies is the rate at which one currency will be exchanged for another. It is also regarded as the value of one country’s currency in terms of another currency...

, financial market deployment, unemployment

Unemployment

Unemployment , as defined by the International Labour Organization, occurs when people are without jobs and they have actively sought work within the past four weeks...

and savings and investments.

He was an educator, sharing his expertise with university students in Sri Lanka - Dr. Herat was a visiting lecturer at the University of Colombo and the University of Moratuwa in Sri Lanka, SEACEN Research and Training Center, Kuala Lumpur

Kuala Lumpur

Kuala Lumpur is the capital and the second largest city in Malaysia by population. The city proper, making up an area of , has a population of 1.4 million as of 2010. Greater Kuala Lumpur, also known as the Klang Valley, is an urban agglomeration of 7.2 million...

, Malaysia and the Institute of Chartered Accountants of Sri Lanka. He was also an Associate Member of the Chartered Institute of Management Accountants

Chartered Institute of Management Accountants

The Chartered Institute of Management Accountants is a United Kingdom-based professional body offering training and qualification in management accountancy and related subjects, focused on accounting for business; together with ongoing support for members.CIMA is one of a number of professional...

in the United Kingdom.

Lay Preacher

Herat was a committed Christian

Christian

A Christian is a person who adheres to Christianity, an Abrahamic, monotheistic religion based on the life and teachings of Jesus of Nazareth as recorded in the Canonical gospels and the letters of the New Testament...

and a man of faith. He was a Lay Preacher at the Methodist Church in Mount Lavinia. Church life was an integral part of Dr Herat, over the years he had led the Youth Fellowship, he was also General Superintendent

General Superintendent

General Superintendent can refer to:* A overseer on a construction site.* There are many Christian denominations that have the office of General Superintendent...

of the Sunday School

Sunday school

Sunday school is the generic name for many different types of religious education pursued on Sundays by various denominations.-England:The first Sunday school may have been opened in 1751 in St. Mary's Church, Nottingham. Another early start was made by Hannah Ball, a native of High Wycombe in...

. In April 1974 he represented St.Thomas' College, Mount Lavinia in a dramatised act of Easter

Easter

Easter is the central feast in the Christian liturgical year. According to the Canonical gospels, Jesus rose from the dead on the third day after his crucifixion. His resurrection is celebrated on Easter Day or Easter Sunday...

Worship, ' Breakdown and Breakthrough,' directed by Gillian Todd and held at the Anglican Cathedral

Cathedral

A cathedral is a Christian church that contains the seat of a bishop...

of Christ

Christ

Christ is the English term for the Greek meaning "the anointed one". It is a translation of the Hebrew , usually transliterated into English as Messiah or Mashiach...

the Living Saviour, in Colombo.

Death

At the age of 52, having been hospitalized after a stroke, Uthum Herat died on 23 October 2009 at a private hospital in Colombo

Colombo

Colombo is the largest city of Sri Lanka. It is located on the west coast of the island and adjacent to Sri Jayawardenapura Kotte, the capital of Sri Lanka. Colombo is often referred to as the capital of the country, since Sri Jayawardenapura Kotte is a satellite city of Colombo...

. He is remembered not only for his service as a central banker but also for his charitable work in Sri Lanka.

External links

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