J Durairatnam

Chairman

Independent Non-Executive Director

(Member of the Board since August 2018 and as Chairman from July 2019)

Skills and Experience

Mr Durairatnam possesses extensive experience in banking having been with Commercial Bank of Ceylon PLC for 36 years. He served as a Director of Commercial Bank of Ceylon PLC from April 2012 to July 2014 and as the Managing Director/CEO from July 2014 until his retirement in July 2018. He has served in several other Senior Management positions at Commercial Bank of Ceylon PLC, including as Chief Operating Officer, Deputy General Manager – International, Assistant General Manager – International and Head of Imports. He has held the position of Managing Director of Commercial Development Company PLC and has served as a Director on the Board of Lanka Financial Services Bureau Limited.

He holds a BSc from the University of Peradeniya and an Executive Diploma from the University of Colombo.

Expertise

Banking, Management and International Trade

Other Current Appointments

Listed companies: Non-Executive Director of Asian Hotels and Properties PLC.

Others: Non-Executive Director of Ceylinco Life Insurance Ltd., Assetline Finance Limited and Enviro Solutions (Pvt) Ltd.

N H T I Perera

Director/Chief Executive Officer (CEO)

(Member of the Board since July 2019 and as CEO from January 2022)

Skills and Experience

Mr Perera held the position of Deputy Chief Executive Officer from August 2017 to December 2021. He has held several senior positions in the banking sector and has over two decades of experience in the financial services and banking sector, both locally and internationally having been with the HSBC Group, both in Sri Lanka and overseas, Commercial Bank of Qatar, Barclays Bank PLC, UAE and at Hatton National Bank PLC. He has served as a Board member of HNB Assurance PLC, HNB General Insurance Limited and HNB Finance Limited.

He is a Member of the Institute of Chartered Accountants of Sri Lanka and a finalist of the Chartered Institute of Management Accountants (CIMA) – UK.

Expertise

Banking, Finance and Auditing.

Other Current Appointments

Listed companies: Non-Executive Director of Lanka Ventures PLC and LVL Energy Fund PLC.

Others: Non-Executive Chairman of Acuity Partners (Pvt) Limited, Lanka Industrial Estates Limited and DFCC Consulting (Pvt) Limited.

Non-Executive Director of Synapsys Limited.

Board Member of Association of Development Financing Institutions in Asia and the Pacific (ADFIAP).

Ms V J Senaratne

Non-Executive Director

(Member of the Board since July 2015)

Skills and Experience

Ms Senaratne has over 46 years of professional experience and is well versed in litigation, commercial law, conveyancing, and company secretarial practices. She was an Alternate Director of Melstacorp PLC and Distilleries Company of Sri Lanka PLC. She was the Company Secretary of Sri Lanka Insurance Corporation PLC and Melstarcorp PLC, and has served as a Legal Officer at the Central Bank of Sri Lanka.

She is an Attorney-at-Law and Notary Public, Commissioner of Oaths, and a Solicitor of England and Wales.

Expertise

Legal and Secretarial

Other Current Appointments

Listed companies: Chief Legal Officer and Company Secretary of Distilleries Company of Sri Lanka PLC.

Others: Non-Executive Director of Paradise Resort Pasikudah (Pvt) Limited, Amethyst Leisure Limited and DCSL Breweries Lanka Limited.

Company Secretary of Periceyl (Pvt) Limited and Melsta Health (Private) Limited.

Ms L K A H Fernando

Independent Non-Executive Director

(Member of the Board since November 2017)

Skills and Experience

Ms Fernando started her career at Kreston MNS & Co, a correspondent firm of Grant Thornton International – Sri Lanka Division, a firm of Chartered Accountants and counts over 30 years of professional and commercial experience in auditing, finance, and management.

She is a Fellow Member of the Institute of Chartered Accountants of Sri Lanka, a Fellow Member of the Institute of Certified Management Accountants of Sri Lanka and, a Fellow Member of the Association of Chartered Accountants (UK).

Expertise

Finance, Audit and Management

Other Current Appointments

Listed companies: Chief Executive Officer/Executive Director of R I L Property PLC and Non-Executive Director of United Motors Lanka PLC and Panasian Power PLC.

Others: Non-Executive Director of UML Heavy Equipment Ltd., Unimo Enterprises Ltd., Finergreen Rajarata (Pvt) Ltd., Padiyapelella Hydropower Ltd., Powergen One (Pvt) Ltd., Rajarata Sustainable Development (Pvt) Ltd., Finergreen Ridiyagama (Pvt) Ltd., Finergreen Gannoruwa (Pvt) Ltd., Finergreen Mattala (Pvt) Ltd., PAP SPGM Solar (Pvt) Ltd., PAP MHPL Solar (Pvt) Ltd., PAP EGSS Solar (Pvt) Ltd., PAP PTS Solar (Pvt) Ltd. and R-E-D Capital Asia (Pvt) Ltd. Partner of A & T Associates.

N K G K Nemmawatta

Independent Non-Executive Director

(Member of the Board since December 2018)

Skills and Experience

Mr Nemmawatta has held several executive positions in the public sector. He has served as Secretary of the State Ministry of Defence, Acting Director General of Sri Lanka Customs, Director General of the Department of Public Enterprise and Ministry of Finance, Additional Secretary to the Ministry of Higher Education and Highways, Additional Secretary to the Ministry of Environment and Acting Director General of the Gems and Jewellery Authority. He has also served as Director of Sri Lanka Samurdhi Authority, Sri Lanka Customs and the Department of Trade, Tariff and Investment Policy. He served as Chair of the Committee appointed to review the Auditor General’s report on coal procurement by Lanka Coal Company for the generation of power by the Lakvijaya coal power plant at Norochchole. He also served as a member of the Committee to report on the Project Office/Project Management Units of Mega Projects implemented by the Government of Sri Lanka. He was a member of the Committee appointed to investigate unscheduled power interruptions in June 2022.

He holds a Bcom (Sp.) from the University of Colombo, a Postgraduate Diploma in Devolution and Local Government Studies from the University of Colombo and an MSc in Management from the University of Sri Jayewardenepura.

Expertise

Management and Environmental Planning

Other Current Appointments

Listed companies: None

Others: Member of Board of Management of the Sri Lanka Foundation Institute.

Deputy Director General (Administration and Finance) of the South Asian Center for Teacher Development (SACTD)

Ms H M N S Gunawardana

Independent Non-Executive Director

(Member of the Board since July 2020)

Skills and Experience

Ms Gunawardana has over 35 years of diverse experience. She started her career at Julius & Creasy and proceeded to the Legal Division of the Central Bank of Sri Lanka. She has thereafter held several senior public service positions, including Legal Advisor at the Department of Fiscal Policy and Economic Affairs, Senior Assistant Secretary (Legal) at the Ministry of Finance, and Director General of the Legal Affairs Department of the General Treasury. As Project Director, she has led the Fiscal Reforms Project, the Fiscal Management Reform Programme of the ADB/Ministry of Finance, and the Legal and Judicial Reforms Project of the World Bank/Ministry of Justice. She has previously served as a Director of Renuka City Hotel PLC and Capital City Corporate Services (Pvt) Ltd., as a Government Nominee Director of Information and Communication Technology Agency of Sri Lanka (ICTA), and DFCC Bank PLC. She has also served as a Consultant, CHEC Port City (Colombo) (Pvt) Limited and as a Senior Policy Consultant at UNDP. She has undergone extensive foreign training including programmes at HIID/Harvard University (USA), Amsterdam Institute of Finance, LKY School of Public Policy (Singapore), Commonwealth Secretariat (London), and the World Bank (Washington D.C.).

She is an Attorney-at-Law and holds a Master’s Degree in Commercial Law from the United Kingdom.

Expertise

Investment and Corporate Law, and Privatising and Restructuring

Other Current Appointments

Listed companies: Non-Executive Director of Haycarb PLC

Others: In-House Legal Counsel – Capital City Law, Colombo.

Group Legal Consultant – International Distillers Limited.

Member of the Company Law Advisory Commission of Sri Lanka

Executive Committee member of Sri Sathya Sai Karuna Nilayam Foundation.

H A J de S Wijeyeratne

Independent Non-Executive Director

(Member of the Board since July 2020)

Skills and Experience

Mr Wijeyeratne counts over 30 years of experience in general management, financial management and auditing which has been acquired while being employed at Investcorp Bank, Bahrain, Grindlays Bahrain Bank, Ernst & Young, Bahrain and Ernst & Young, Sri Lanka. In addition, he has held the position of Chief Executive Officer of the Sri Lanka Institute of Nanotechnology (Pvt) Limited (SLINTEC) for over five years (2013 to 2019). He was an Independent Director of Union Assurance PLC and the Chairman of the Board Audit and Compliance Committee. He retired after completing 9 years in September 2020.

He is an Associate Member of the Institute of Chartered Accountants of Sri Lanka and a Fellow Member of the Chartered Institute of Management Accountants, UK.

Expertise

Finance, Audit and Management

Other Current Appointments

Listed companies: Non-Executive Director of Trans Asia Hotels PLC and Chairman of the Audit Committee and Non–Executive Director of Ceylon Tobacco Company PLC.

Others: Audit Committee Chairman of MAS Holdings.

Trustee of the Gamini Corea Trust and SLINTEC Endowment Trust Fund

Founder/Owner of Avastha Financial Advisory Services

Co-Founder of Kalyana SL Guarantee Ltd., a mental health advocacy group.

N Vasantha Kumar

Independent Non-Executive Director

(Member of the Board since September 2021)

Skills and Experience

Mr Vasantha Kumar counts over 40 years of experience in banking, having been with ANZ Grindlays Bank for over 22 years and thereafter at People’s Bank for over 18 years. During his service at People’s Bank, he was the Chief Executive Officer/General Manager of People’s Bank for a period of 8 years.

He has previously served as a Director of People’s Leasing & Finance PLC, People’s Insurance PLC, People’s Merchant Finance PLC, People’s Travels Ltd., Alliance Finance PLC Dhaka Bangladesh, Lanka Financial Services Bureau Ltd., and the Credit Information Bureau of Sri Lanka. He is a Past President of the Sri Lanka FOREX Association and the Association of Primary Dealers. He was also a member of the governing Board of the Institute of Bankers of Sri Lanka.

He holds a Master’s in Business Administration from the University of Wales, UK.

Expertise

Banking, Management, Treasury and Investment Banking

Other Current Appointments

Listed companies: Non-Executive Director of Ceylinco Insurance PLC and Senkadagala Finance PLC.

Others: Non-Executive Chairman of Safe Capital (Pvt) Ltd.

Non-Executive Director of Wealth Management (Pvt) Ltd.

Executive Director of Asset Trust Management (Pvt) Limited.

Ms A L Thambiayah

Independent Non-Executive Director

(Member of the Board since October 2021)

Skills and Experience

Ms Thambiayah has worked as an Executive at Keells Hotel Management and John Keells Holdings – New Business Development and Group Initiatives for two and a half years. She commenced work at Hotel Renuka and Renuka City Hotel in 2008 and is currently the Joint Managing Director of both Renuka Hotels PLC and Renuka City Hotel PLC.

She holds a Bachelor of Arts (Hons.) in Management Studies from the University of Nottingham, UK, and a Master of Science in International Business and Management from Manchester Business School, University of Manchester, UK.

Expertise

Business Management, Human Resources and Marketing

Other Current Appointments

Listed companies: Joint Managing Director/Executive Director of Renuka City Hotel PLC and Renuka Hotels PLC and Non–Executive Director of Cargo Boat Development Company PLC.

Others: Non-Executive Director of Renuka Consultants and Services Limited, Renuka Properties Limited, Lancaster Holdings Limited, Amalgamated Theaters (Pvt) Limited and Portfolio Management Services (Pvt) Limited.

W D Batagoda

Non-Executive Director

(Member of the Board since September 2022)

Skills and Experience

Mr Batagoda counts nearly two decades of experience as a lawyer, having been in active practice in criminal law, public law and in fundamental rights both in the appellate courts and original courts. He joined LOLC Group in 2014. He has held the positions of both Assistant General Manager and Deputy General Manager of Legal and Strategic Business of LOLC Holdings PLC. He currently serves as the Chief Legal Officer of the LOLC Group and serves as Director in several LOLC Group Companies.

He served as the Chairperson of the Corporate Lawyer’s Committee of the Bar Association of Sri Lanka from 2021 to 2022.

He is an Attorney-at-Law and holds a Bachelor of Law (LLB) and a Master of Law (LLM) from the University of Colombo. He is currently reading for his Doctor of Philosophy (Ph.D.) in Law at the University of Colombo.

Expertise

Legal

Other Current Appointments

Listed companies: Chief Legal Officer of LOLC Holdings PLC.

Others: Non-Executive Chairman of Sierra Development Limited

Non-Executive Director of Gal Oya Plantation Limited, Fortigrains Private Limited (Singapore), Fortigrains Lanka Private Limited, Ceylon Nano – Diagnostic (Pvt) Ltd., LOLC Asset Holdings Limited, Leapstitch Apparel (Pvt) Ltd., LOLC Geo Technologies (Pvt) Ltd., Browns Agri Solutions (Private) Limited, Browns Properties (Private) Limited and LOLC (Philippine) Corporation.

W R H Fernando

Independent Non-Executive Director

(Member of the Board since September 2022)

Skills and Experience

Mr Fernando has over 40 years of experience serving clients across audit and advisory platforms and has served as an audit partner for various publicly listed clients and senior advisory partner for many of Ernst & Young, Sri Lanka’s largest clients. He served as an Ernst & Young (EY) Partner from 1988 to 2016 and as Country Managing Partner from 2016 until he retired in 2021. He has also served as a Council Member of the National Chamber of Commerce – Sri Lanka and National Chamber of Exporters of Sri Lanka and has previously served as Chairman Lanka Securities (Pvt) Ltd., as a Director of Sri Lanka Telecom PLC, Harischandra Mills PLC, Central Industries PLC and Lanka Tours and Travels (Pvt) Ltd.

He holds a Master’s in Business Administration from the University of Sri Jayewardenepura, Fellow Member of the Institute of Chartered Accountants of Sri Lanka, a Fellow Member of the Chartered Institute of Management Accountants (CIMA) UK., and Member of the Association of Certified Chartered Accountants (ACCA)-UK.

Expertise

Management, Finance and Audit

Other Current Appointments

Listed companies: None

Others: Executive Director of Dedunu Property Developments (Pvt) Ltd., Dampe Resorts (Pvt) Ltd., Dedunu Eco Holidays (Pvt) Ltd., Dedunu Housing and Real Estate (Pvt) Ltd., Dedunu Lands (Pvt) Ltd., Dedunu Leisure Projects (Pvt) Ltd., Dedunu Properties (Pvt) Ltd., Dedunu Properties Digana (Pvt) Ltd., Dedunu Properties Ruhunu (Pvt) Ltd and Ranmin Eco Projects (Pvt) Ltd.

Non-Executive Director of Matara Entrepreneur Services (Pvt) Ltd.

Member of The Ranmin Rainbow Trust (Gte) Ltd.

Ms N Ranaraja

Secretary to the Board

(Since August 2022)

Skills and Experience

Ms Ranaraja started her career as a Legal Trainee at Nithya Partners. She joined the Bank in December 1997 and counts over 25 years’ of experience covering project financing and commercial banking.

She is an Attorney-at-Law, Notary Public and Commissioner of Oaths and holds a Bachelor of Law (LLB) from the University of Colombo. She is an Associate of the Chartered Institute of Management Accountants (CIMA), UK.

Expertise

Legal and Finance

Other Current Appointments

Listed companies: Company Secretary of DFCC Bank PLC.

Others: None