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N. U. Jayawardena

January 01, 1970

Deshamanya Neville Ubeysingha Jayawardena (commonly known as N. U. Jayawardena) (1908–2002) was a Sri Lankan Senator, economist, banker and entrepreneur. He was the first Ceylonese Governor of the Central Bank of Ceylon and founder of the Mercantile Group of Companies that formed the Merc Bank Sri Lanka, Sampath Bank and the former Mercantile Credit Ltd.[1] He was educated at St. Servatius' College, Matara.

Early life and education edit

N. U. Jayawardena was born in the backwaters of Hambantota, where his father was the local rest housekeeper. He was the eldest out of three sons and also had five sisters. During his childhood he was fed with kurakkan pittu, buffalo milk and curds.[2] He attended St. Mary's School in Hambantota from 1913 to 1915 and from 1915 to 1920 studied at the St. Servatius' College, Matara.[3] Thereafter, he completed his secondary education at St. Aloysius' College, Galle and then got his BSc in Economics from the Westfield College.[4] In 1931, he obtained an external degree from the University of London, prior to which he passed a Clerical Services Examination in 1925.[3] In 1938, he took a course in Business Administration at the London School of Economics.[4]

Career edit

On his return to Ceylon, he took up his first job as a clerk (class 2) in the government service, which was uncommon for a graduate.[5] In 1934 he moved to the Banking Commission and by 1941, briefly worked as a lecturer at the Ceylon University College. During World War II, he moved to the Department of Commodity Purchase and became the Controller of Exchange by 1948 and a year later was promoted to the Controller of Imports and Exports. Thereafter he worked closely with John Exter, the American economist, in establishing the Central Bank of Ceylon in 1950 with Exter as its first Governor and Jayawardena as Deputy Governor.[6] When Exter left in 1953, Jayawardena succeed him as the first Ceylonese Governor, holding the post till 1954 when he was interdicted.[7]

However he was appointed first Ceylonese Joint-Managing Director of a British-owned firm, Vavasseur & Company and was exonerated in public service in 1957. Following his exoneration he was appointed to the Senate of Ceylon. Moving into the private sector, he founded the Mercantile Group of Companies that included the Merc Bank Sri Lank, Sampath Bank, the former Mercantile Credit Ltd, National Enterprise Bank (DFCC Vardhana Bank), Mercantile Shipping and Mercantile Leasing.[7]

He served in many commissions and was awarded the title Deshamanya in 1991 by the government of Sri Lanka for his contributions to the nation.[6]

Personal life edit

Jayawardena was married to Amybelle Millicent Jayawardena[8] and they had two sons Dr Lal Jayewardene who was a Sri Lankan High Commissioner to the UK and a Presidential Economic Adviser;[9] A. N. U. Jayawardena and one daughter Yasodha Neiliya Jayawardena who married Chris Pinto a Sri Lankan diplomat. His grandson Milinda Moragoda is a former Minister and Senior Adviser to the President. His daughter-in-law is Kumari Jayawardena and his granddaughter-in-law is Jennifer Moragoda, both of which were the authors of his biography N.U. Jayawardena - The First Five Decades.[10] His home Cambridge Place, Colombo was designed in 1960 by the Danish architect, Ulrik Plesner.

On November 6, 2010, the road near which N. U. Jayawardena had lived his whole life was renamed to Deshamanya N.U. Jayawardena Mawatha in his honor.[2]

References edit

  1. ^ Irvin Weerackody (2008-02-24). "N. U. Jayawardena - A rare Sri Lankan". Financial Times. Vol. 42, no. 39. ISSN 1391-0531. OCLC 222171254.
  2. ^ a b "N.U. Jayawardena: his rise to success". The Nation. 2010-10-31. Retrieved 2019-02-22.
  3. ^ a b K. Godage (2010-10-29). "NU Jayawardena: The colossus from Tangalle". Retrieved 2019-02-22.
  4. ^ a b "N. U. Jayawardena dies in sleep". 2002-03-26. Retrieved 2019-02-22.
  5. ^ "Remembering N.U. Jayawardena - the skilled businessman". Daily News. 2008-02-22. Retrieved 2019-02-22.
  6. ^ a b "Deshamanya N U Jayawardena (1953 – 1954)". Central Bank of Sri Lanka. Retrieved 2019-02-22.
  7. ^ a b "Deshamanya N U Jayawardena 110th Birth anniversary commemorated". 2018-02-27. Retrieved 2019-02-22.
  8. ^ "Obituaries". Daily News. 2004-12-10. Retrieved 2019-02-22.
  9. ^ Ranjan Hulugalle (2019-01-03). "Tribute: Senior UN Economist Lakdasa Hulugalle (1932-2018)". Retrieved 2019-02-22.
  10. ^ "Biography of N.U. Jayawardena Presented to Indian Prime Minister". Business Today. Retrieved 2019-02-22.

January 01, 1970
jayawardena, deshamanya, neville, ubeysingha, jayawardena, commonly, known, 1908, 2002, lankan, senator, economist, banker, entrepreneur, first, ceylonese, governor, central, bank, ceylon, founder, mercantile, group, companies, that, formed, merc, bank, lanka,. Deshamanya Neville Ubeysingha Jayawardena commonly known as N U Jayawardena 1908 2002 was a Sri Lankan Senator economist banker and entrepreneur He was the first Ceylonese Governor of the Central Bank of Ceylon and founder of the Mercantile Group of Companies that formed the Merc Bank Sri Lanka Sampath Bank and the former Mercantile Credit Ltd 1 He was educated at St Servatius College Matara Contents 1 Early life and education 2 Career 3 Personal life 4 ReferencesEarly life and education editN U Jayawardena was born in the backwaters of Hambantota where his father was the local rest housekeeper He was the eldest out of three sons and also had five sisters During his childhood he was fed with kurakkan pittu buffalo milk and curds 2 He attended St Mary s School in Hambantota from 1913 to 1915 and from 1915 to 1920 studied at the St Servatius College Matara 3 Thereafter he completed his secondary education at St Aloysius College Galle and then got his BSc in Economics from the Westfield College 4 In 1931 he obtained an external degree from the University of London prior to which he passed a Clerical Services Examination in 1925 3 In 1938 he took a course in Business Administration at the London School of Economics 4 Career editOn his return to Ceylon he took up his first job as a clerk class 2 in the government service which was uncommon for a graduate 5 In 1934 he moved to the Banking Commission and by 1941 briefly worked as a lecturer at the Ceylon University College During World War II he moved to the Department of Commodity Purchase and became the Controller of Exchange by 1948 and a year later was promoted to the Controller of Imports and Exports Thereafter he worked closely with John Exter the American economist in establishing the Central Bank of Ceylon in 1950 with Exter as its first Governor and Jayawardena as Deputy Governor 6 When Exter left in 1953 Jayawardena succeed him as the first Ceylonese Governor holding the post till 1954 when he was interdicted 7 However he was appointed first Ceylonese Joint Managing Director of a British owned firm Vavasseur amp Company and was exonerated in public service in 1957 Following his exoneration he was appointed to the Senate of Ceylon Moving into the private sector he founded the Mercantile Group of Companies that included the Merc Bank Sri Lank Sampath Bank the former Mercantile Credit Ltd National Enterprise Bank DFCC Vardhana Bank Mercantile Shipping and Mercantile Leasing 7 He served in many commissions and was awarded the title Deshamanya in 1991 by the government of Sri Lanka for his contributions to the nation 6 Personal life editJayawardena was married to Amybelle Millicent Jayawardena 8 and they had two sons Dr Lal Jayewardene who was a Sri Lankan High Commissioner to the UK and a Presidential Economic Adviser 9 A N U Jayawardena and one daughter Yasodha Neiliya Jayawardena who married Chris Pinto a Sri Lankan diplomat His grandson Milinda Moragoda is a former Minister and Senior Adviser to the President His daughter in law is Kumari Jayawardena and his granddaughter in law is Jennifer Moragoda both of which were the authors of his biography N U Jayawardena The First Five Decades 10 His home Cambridge Place Colombo was designed in 1960 by the Danish architect Ulrik Plesner On November 6 2010 the road near which N U Jayawardena had lived his whole life was renamed to Deshamanya N U Jayawardena Mawatha in his honor 2 References edit Irvin Weerackody 2008 02 24 N U Jayawardena A rare Sri Lankan Financial Times Vol 42 no 39 ISSN 1391 0531 OCLC 222171254 a b N U Jayawardena his rise to success The Nation 2010 10 31 Retrieved 2019 02 22 a b K Godage 2010 10 29 NU Jayawardena The colossus from Tangalle Retrieved 2019 02 22 a b N U Jayawardena dies in sleep 2002 03 26 Retrieved 2019 02 22 Remembering N U Jayawardena the skilled businessman Daily News 2008 02 22 Retrieved 2019 02 22 a b Deshamanya N U Jayawardena 1953 1954 Central Bank of Sri Lanka Retrieved 2019 02 22 a b Deshamanya N U Jayawardena 110th Birth anniversary commemorated 2018 02 27 Retrieved 2019 02 22 Obituaries Daily News 2004 12 10 Retrieved 2019 02 22 Ranjan Hulugalle 2019 01 03 Tribute Senior UN Economist Lakdasa Hulugalle 1932 2018 Retrieved 2019 02 22 Biography of N U Jayawardena Presented to Indian Prime Minister Business Today Retrieved 2019 02 22 Retrieved from https en wikipedia org w index php title N U Jayawardena amp oldid 1187003718, wikipedia, wiki, book, books, library,

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