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Appointment of new President and Vice-President of SAFA for the year 2022

Mr. Hennayake Bandara, Vice President of the Institute of Certified Management Accountants of Sri Lanka has been appointed as President of the South Asian Federation of Accountants (SAFA) and Mr. Nihar N. Jambusaria, President of the Institute of Chartered Accountants of India has been appointed as Vice- President of SAFA for the year 2022 with effect from January 1, 2022.


Mr. Hennayake Bandara

President, SAFA

Mr. Hennayake Bandara’s contribution to the field of Professional Education counts more than two decades in various capacities. He is a fellow (FCMA) and Founder Member of CMA Sri Lanka and joined the Council in 2012. He has been associated with SAFA since 2005. He also had the opportunity of working very closely with all Sri Lankan Past Presidents of SAFA. Mr. Bandara is a Past President of Association of Accounting Technicians of Sri Lanka (AATSL), Past President of Association of Professional Bankers - Sri Lanka (APBSL), Treasurer, Organization of Professional Associations of Sri Lanka and Council Member of Sri Lanka Institute of Advance Technological Education.



CA. Nihar N Jambusaria

Vice President, SAFA

CA. Nihar N Jambusaria is currently the President of the Institute of Chartered Accountants of India. A blend of erudition, experience, foresight, technical expertise and professional excellence worth emulating and a Fellow Chartered Accountant from Mumbai, CA. Jambusaria, qualified as a Chartered Accountant in 1984 and was in practice for nearly 27 years. CA. Jambusaria is the member of Professional Accountants in Business (PAIB) Advisory Group of International Federation of Accountants (IFAC) and representing ICAI on <IR> Council. He is also member of very important committees constituted by the Indian government and regulators relating to policy formation that include Government Accounting Standards Advisory Board (GASAB) and Audit Advisory Board- both constituted by the C&AG of India. He is also Board Member of Insurance Regulatory & Development Authority (IRDA), Insurance Advisory Committee and Apex Committee of IRDA, and Member of SEBI’s Primary Market Advisory Committee.


About SAFA

South Asian Federation of Accountants (SAFA), a Network Partner of IFAC comprises of eleven accountancy bodies in South-Asian Region namely India, Pakistan, Bangladesh, Sri Lanka, Nepal, Maldives and Afghanistan. Bhutan, where no accountancy body exists has been given an Observer status. SAFA has undertaken the leadership role in providing a new direction to the accountancy profession within the region and this Apex body has nearly 375,000 members affiliated with its member bodies. The Institute of Chartered Accountants of India is one of the founder members of SAFA and also hosts its Permanent Secretariat at New Delhi.