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Annual Reports

2018 Annual Report

Financial statements for the year ended 31st March 2018

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Quarterly Reports

2017 Quarterly Report

Interim financial statements for the period ended 30th September 2017

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Previous Reports

2018 Annual

2017 Annual

2017 Quarterly (Jun 30)

2017 Quarterly (Mar 31)

2016 Annual

2016 Quarterly (Dec 31)

2016 Quarterly (Sep 30)

2016 Quarterly (Jun 30)

2016 Quarterly (Mar 31)

2015 Annual

2015 Quarterly (Dec 31)

2015 Quarterly (Sep 30)

2015 Quarterly (Jun 30)

2015 Quarterly (Mar 31)

2014 Annual

2014 Quarterly (Dec 31)

2014 Quarterly (Sep 30)

2014 Quarterly (Jun 30)

2014 Quarterly (Mar 31)

2013 Annual

2013 Quarterly (Dec 30)

2013 Quarterly (Sep 30)

2013 Quarterly (Jun 30)

2013 Quarterly (Mar 31)

2012 Annual

2012 Quarterly (Dec 31)

2012 Quarterly (Sep 30)

2012 Quarterly (Mar 31)

2014 Report

Board of Directors

Our Board of Directors consists of a team of professionals with years of leadership, experience and knowledge in the financial service industry.' CHANGE TO 'Our Board of Directors consists of a team of professionals with years of leadership, experience and knowledge in the financial services industry.

Mr. Rusi Pestonjee (Chairman) Non-Executive Director

Appointed as a Director and Chairman with effect from 1 January 2012. A member of the Remuneration Committee and the Chairman of the Nomination Committee of the Company.

A Director of Abans PLC. (Formally Abans (Pvt) Ltd). He is an alumnus of the executive management programmes at the Indian School of Business, focusing on strategy and managing family businesses. He supports relationship building with key international partners and has been instrumental in implementing several new strategic growth initiatives. He also holds directorships within Abans Group of Companies.

Mr. Roshan Nanayakkara Managing Director

Appointed as Managing Director with effect from 27th September 2017.

Mr. Roshan Nanayakkara’s career spans over 30 years in the Banking and Finance sector, having held several key positions in the fields of credit, marketing, financial planning and risk management. He started his career in Credit and his senior positions include Chief Executive Officer of Siyapatha Finance PLC, Head of Risk and Financial Planning at Senkadagala Finance PLC and Assistant General Manager – Leasing at Nations Trust Bank PLC. Mr. Nanayakkara currently functions as the Chief Executive Officer of the Company with effect from 27th May, 2016 (appointed with effect from 2nd May, 2016).

Mr. Nanayakkara holds a Master of Business Administration degree from the University of Western Sydney, Australia, Executive Diploma in Business Administration from the University of Colombo and a Diploma in Credit Management from the Institute of Bankers Sri Lanka.

Mr. Vishtasp Kairshasp Choksy Independent Non-Executive Director / Senior Director

Appointed to the Board on 15 March 2011. He became the senior Director with effect from 1 January 2012 in terms of the Finance Companies (Corporate Governance) Direction No 3 of 2008.

The Chairman of the Remuneration Committee of the Company, a member of the Audit Committee and the Nomination Committee. Provides specialised legal advice to the Company on key business-related issues. An Attorney- at- Law by profession. Possesses twenty-four years of legal practice experience and has been specialising in Civil Law with particular emphasis in Commercial, Business and Industrial Law.

Mr. Mayank Parekh Non-Executive Director

Appointed to the Board on 14 December 2016. Chairman of the Integrated Risk Management Committee (w.e.f 16 December 2016) and a member of the Remuneration Committee (w.e.f 16 December 2016) and the Related Party Transactions Review Committee (w.e.f 14 December 2016).

Mayank Parekh is the founder of Grange Partners (2012), a private investment holding company based in Singapore focused on making venture and growth capital investments in the SME sector across Southeast Asia. From 2007 to 2012, Mr. Parekh was a General Partner/Managing Director with Southern Capital Group (SCG), a private equity fund based in Singapore focused on middle market leveraged buyouts pan-Asia. The firm adopts an activist value-add approach and Mayank led the portfolio management function; he was on the Board of several portfolio companies, including holding Chairman positions. Prior to joining SCG, Mr. Parekh spent 11 years with McKinsey & Company across three offices, namely Chicago, Johannesburg and Singapore. He joined McKinsey post-MBA in 1996 and was elected a Partner in 2001. At McKinsey, Mayank was the Managing Partner of the Singapore Office; prior to that, he held the position of Managing Partner, Corporate Finance Practice, Southeast Asia.

Mr. Parekh earned his MBA in Finance from the University of Chicago, Graduate School of Business in 1996 and his Bachelor of Arts in Economics and Psychology from Hamilton College in 1989.

Mr. Ajith S. Ratnayake FCA, FCMA (UK), ACCA, CMA, FCMI, FCMA, CGMA
Independent Non-Executive Director

Appointed to the Board on 16 May 2014. Chairman of the Audit Committee and the Related Party Transactions Review Committee. He is also a member of the Remuneration Committee.

Mr. Ajith S. Ratnayake is the founder Director General of the Sri Lanka Accounting and Auditing Standards Monitoring Board (SLAASMB), where he served for 15 years. He was responsible for setting up its monitoring process for financial reporting and auditing of public interest entities in Sri Lanka and building its technical capacity. As the Director General of SLAASMB, he served in the Advisory Council of the International Forum of Audit Regulators (IFIAR), Consultative Advisory Committees of the International Auditing and Assurance Standards Board (IAASB) and the Ethics Standards Board for Accountants (IESBA), Intergovernmental Group of Experts on International Standards on Accounting and Reporting (ISAR) serviced by the United Nations Conference on Trade and Development (UNCTAD), and in the working group on Commercial Forests of the International Valuations Standards Council (IVSC).

Mr. Chanaka Wickramasuriya (CFA) Non-Executive Director (Alternate To Mr. Mayank Parekh)

Appointed as an Alternate Director to Mr. Mayank Parekh on 14 December 2016.

Mr. Chanaka Wickramasuriya is currently joint Managing Partner at Ironwood Capital Partners. He has has a long track record in Private Equity as a Partner with Aureos Capital and LR Global Lanka. From 2009 to 2011 he was a Partner at Aureos Capital, where he oversaw the development and functioning of the overall Global Portfolio Management process. During this time, he was also seconded to the Aureos’ China office and oversaw portfolio management and investment in 4 transactions. From 2000 to 2006 he was a Partner based at Aureos’ Colombo office where he worked on investment transactions, exits, and sat as a Board Representative for 10 transactions in Sri Lanka. From 2006 to 2009 he functioned as Country Head of Fitch Ratings in Colombo, and has also worked as Head of Research for a local stock broking firm. Chanaka was also the Managing Partner of LR Global Lanka Private Equity Fund.

Mr. Chanaka Wickramasuriya graduated Summa Cum Laude with a BSc in Electrical Engineering from The Rutgers College of Engineering and is also a CFA Charterholder.

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