The Case Study - Seylan Bank

Seylan Bank PLC Annual Report 2009 229Mr. Pradeep Kariyawasam wasappointed to the Board of Seylan BankPLC on 10th November 2009.Dr. Nalaka H. Godahewa DirectorPh.D. (University of South Australia), MBA(Sri J.), B.Sc. Eng. (Moratuwa), FCIMA (UK),FCMA (Aus.) and FCIM (UK)Dr. Nalaka Godahewa is the ManagingDirector of Sri Lanka InsuranceCorporation and is also on the boardof Lanka Hospitals Corporation PLC(Apollo Hospitals) and CSC Kandia(Pvt) Limited. He gained managerialand leadership experience at someof Sri Lanka’s leading corporateinstitutions including Unilever, Sunteland apparel giant MAS. Whilst at MASHoldings, he was the CEO of severaloverseas operations. Dr. Godahewa isacademically and professionally qualifiedin the multiple fields of engineering,marketing and finance. He holds a Ph.D.from the University of South Australiaas well as a B.Sc. in Electronics andTelecommunication Engineering from theMoratuwa University and a MBA from theUniversity of Sri Jayewardenepura. He isalso a Fellow Member of the CharteredInstitute of Management Accountants(UK), a Fellow Member of the Instituteof Certified Management Accountants(Aus.) and a Fellow Member of theChartered Institute of Marketing (UK).He has also served as Consultant to theBoard of Investment and as Chairman,Imperial College of Business Studies.Dr. Godahewa is currently the Presidentof the Sri Lanka branch of the Instituteof Certified Management Accountantsof Australia, Honorary President of theGlobal Marketing Network and Chairmanof the Association of Licensed BankerOperations of Sri Lanka.Dr. Nalaka Godahewa was appointedto the Board of Seylan Bank PLC on 10thNovember 2009.Mr. Ajith L. Devasurendra DirectorMr. Ajith Devasurendra counts over30 years experience both in Sri Lankaand overseas in the financial sector.He is currently the Deputy Chairmanof Brown & Company PLC, ManagingDirector/CEO of Taprobane HoldingsLimited and Director of Taprobane FundManagement Limited. He is also theChairman of Galoya Plantation(Pvt) Limited.Mr. Devasurendra was alsoinstrumental in pioneering the moneybroking and Government Securitiesmarkets in Sri Lanka and had the honourof being the first President of the Sri LankaMoney Brokers Association and had alsobeen a past President of the Sri LankaPrimary Dealers Association.He had also been a consultant toPricewaterhouseCoopers, Bombay, Indiaon a USAID project (assigned as consultantto Reserve Bank of India and Securities &Exchange Commission of India on FixedIncome Securities Market). Further, hewas also appointed to the Expert Group onStimulus Package for Banking, Financeand Leasing Industry by the Central Bankof Sri Lanka and is also a member of theFinancial System Stability ConsultativeCommittee (FSSCC) appointed by theCentral Bank of Sri Lanka.Mr. Ajith Devasurendra wasappointed to the Board of Seylan BankPLC on 24th November 2009.Mr. Ishara C. Nanayakkara DirectorDiploma in Business Accounting &Finance (Aus.)Mr. Ishara Nanayakkara who holds aDiploma in Business Accounting fromAustralia, ventured into the arena offinancial services with the strategicinvestment in the LOLC group. He servesas the Deputy Chairman on the board ofLanka ORIX Leasing Co. PLC and all itssubsidiaries and associate companies,including Commercial Leasing Company,the latest development in LOLC’s relatedexpansion. He is a Director of IsharaTraders Group, Associated BatteryManufacturers (Cey.) Limited and BrownsGroup of Companies, a conglomeratewith exposure in trade, leisure andmanufacturing. He is also a Director ofColombo Land Exchange and TaprobaneFund Management Limited, focusing onprimary markets.Mr. Nanayakkara’s businessphilosophy based on sustainabledevelopment has made LOLC enter intomany new business ventures with highpotential for growth in all three spheres;economic, social and environmental.With the exposure in the SME and microsectors, he spearheads LOLC Micro CreditLimited and Sundaya Lanka (Pvt) Limited,and PRASAC, the largest micro financecompany in Cambodia.In line with his focus on sustainableforestry and plantations, Mr. Nanayakkarais also the Deputy Chairman ofTouchwood Investments Limited and aDirector of Maturata Plantations Limited,Pussallawa Plantations Limited andGal Oya Plantations (Pvt) Limited, thefirst Public-Private Partnership withGovernment of Sri Lanka.Mr. Ishara Nanayakkara wasappointed to the board of Seylan BankPLC on 24th November 2009.Mr. Samantha P.S. Ranatunga DirectorMBA (Birmingham), B.Sc. (Hons.) (Delhi)Mr. Samantha Ranatunga who hasover 20 years experience in the fieldof marketing and managing FMCGbusiness, is the Managing Director/CEO of Chemical Industries (Colombo)PLC. He joined the Board of ChemicalIndustries (Colombo) PLC in May 2002and was appointed Managing Director/CEO in April 2009.Mr. Ranatunga holds a Degree fromthe University of Delhi and a Masters inBusiness Administration, UK.He is a Non-Executive Director inmany of the unlisted companies in the CICGroup including Akzo Nobel Lanka Paints(Pvt) Limited and Perfunova InternationalLimited, India. He is the President of theSri Lanka-Africa-Middle East BusinessCouncil of the Ceylon Chamber ofCommerce and the Vice-President of theSri Lanka Maldivian Business Council.He has led the Sri Lankan Chamber ofCommerce delegations to many overseascountries. He is also a CommitteeMember of the Mercantile ServicesProvident Society representing the CeylonChamber of Commerce by virtue of hiscommittee membership in the CeylonChamber of Commerce.