Mr. Karunaratne is the Deputy Governor in charge of Financial System Stability and possess over 33 years’ experience in the Central Bank of Sri Lanka in different capacities in the areas of supervision and regulation of Banks and Non-Bank Financial Institutions, Currency management, Public Debt, Secretariat, Finance, Policy Review and Monitoring & Payment & Settlement.

He is the Chairman of Institute of Bankers of Sri Lanka, Chairman of Credit Information Bureau, Chairman of National Payment Council and a Member of Insurance Regulatory Commission of Sri Lanka. He has served as the Secretary, to the Monetary Board and other Board Committees.

Mr. Karunaratne holds a Master of Commerce Degree in Finance from the University of New South Wales, Australia and a Postgraduate Diploma in Applied Statistics and a Bachelor of Science (Physical Science) Degree with a First class from the University of Colombo.