Sunday, June 27, 2021

MBSL strengthens Board, appoints two Directors

M. P. Ruwan Kumara and G. A. Jayashantha

 The Merchant Bank of Sri Lanka & Finance PLC (MBSL) announced the appointment of two new Directors to its Board of Directors, enhancing the Company’s corporate and financial strategic planning.

The new Directors, M P Ruwan Kumara and G. A Jayashantha will join MBSL’s Board of Directors as Non-Executive/ Non-Independent Directors. Both Directors carry vast experience in the banking and finance sector with majority of the experience in strategic planning, financial markets, financial management and branch management.

“We are pleased to welcome both Directors to the MBSL Board and we are confident that they will contribute immensely towards MBSL’s capital management, financial planning initiatives, and future growth,” MBSL Management stated.

Ruwan Kumara currently serves in the Corporate Management Team as the Deputy General Manager - Finance and Planning of Bank of Ceylon (BoC), and counts over 18 years of experience in the Bank.

He is an expert in the areas of financial management, strategic planning, investment banking, commercial banking and overseas banking operations.

Jayashantha currently serves as the Deputy General Manager cum Chief Risk Officer of the Bank of Ceylon (BoC) and counts over 24 years of service at the Bank. He is an expert in treasury management, dealing and primary dealer handling, assets and liability management, risk management, corporate recovery, offshore banking and branch operations.

The Merchant Bank of Sri Lanka & Finance PLC reported mixed performance in 2020 with segments of the product portfolio performing well under the economic and COVID-19 pressures, whilst traditional product offerings suffered in the absence of access to regular market activities.

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