The Board of Directors

Mr. Rajah Nanayakkara is the Founder and Executive Chairman of Ishara Traders (Pvt) Ltd, a business which pioneered the import and sale of new and reconditioned motor vehicles. Thirty years later, this organisation remains an industry leader. He was also the Founder Chairman of the Motor Vehicle Importers Association of Sri Lanka, and continues to play a significant role to this day.

Mr. Nanayakkara is also the Chairman of Ishara Plantations (Pvt) Ltd - an Award Winning Estate of Tea and Spices - and Chairman of Ishara Property Development, a company which has been involved in construction for the past 18 years.

Mr. Nanayakkara also serves on the Board of Brown & Company PLC, as well as Browns Investments PLC.

Mr. Ishara Nanayakkara is a prominent entrepreneur serving on the Boards of many corporates and conglomerates in the region. He initially ventured into the arena of financial services with a strategic investment in Lanka ORIX Leasing Company PLC and was appointed to the Board in 2002. Today, he is the Deputy Chairman of LOLC and the Executive Deputy Chairman of LOLC Finance PLC, holding directorships in many of its subsidiaries and associate companies.

Backed by over a decade of professional experience in the industry, Mr. Nanayakkara holds the role of Chairman of Commercial Leasing & Finance PLC, one of Sri Lanka’s leading financial service providers for over 28 years, as well as LOLC Life Assurance Limited. He is also Deputy Chairman of Seylan Bank PLC, a premier commercial bank in the country. His vision to cater to the entire value chain of the finance sector manifested in the development of Microfinance, Islamic Finance, factoring through LOLC Factors, LOLC Life & General Insurance Companies and stock broking through LOLC Securities Ltd.

Leveraging LOLC Group’s expertise in the SME sector, the expansion into the Micro Sector was spearheaded by Mr. Nanayakkara, who is the Chairman of their Micro Credit Companies: LOLC Micro Credit Ltd, the only private sector microfinance institution in the country with foreign equity, and BRAC Lanka Finance PLC.

He also holds a directorship at PRASAC, the largest microfinance Company in Cambodia. Mr. Nanayakkara’s interest in microfinance lead to the inauguration of LOLC Myanmar Microfinance Company Ltd, a green field investment in Myanmar in which he was the founding Chairman, and currently serves as a Director. His proficiency in Microfinance in the region is further demonstrated by his Ltd (Previously known as Thaneakea Phum Ltd); the 5th largest microfinance company in Cambodia. He was also recently appointed as a director in LOLC International Private Limited & LOLC Private Limited.

Mr. Nanayakkara’s motivation to expand into various growth peripheries is further illustrated through his role as the Executive Chairman of Browns Investments PLC. Through various strategic investments, he is committed to catalyzing development in the growth sectors of the Sri Lankan economy. Mr Nanayakkara’s involvement in the Boards of Agstar Fertilizers PLC, Associated Battery Manufacturers (Cey) Ltd and Sierra Constructions Ltd, reflects this business philosophy. Endorsing his entrepreneurial spirit, Mr. Ishara Nanayakkara received the prestigious ‘Young Entrepreneur of the Year’ Award at the Asia Pacific Entrepreneurship Awards (APEA) in 2012. He holds a diploma in Business Accounting from Australia.

Kapila Jayawardena holds a MBA in FinancialManagement and is a fellow member of the Institute of Bankers and an Associate Member of the Institute of Cost and Executive Accountants, London. He served as Country Head and CEO (Sri Lanka and Maldives) of Citibank NA from 1998 to 2007.

With his varied experience in the fields of Investment Banking, Banking Operations, Audit, Relationship Management, Corporate Finance, Corporate Banking and Treasury Management,

Mr. Jayawardena served in the following Boards/ Committees:

⦁ Chairman of the Sri Lanka Banks’ Association (SLBA) in 2003/04
⦁ President of the American Chamber of Commerce in Sri Lanka in 2006/2007
⦁ Member of the Financial Sector Reforms Committee (FSRC)
⦁ Member of the National Council of Economic Development (NCED)
⦁ Board Member of the United States – Sri Lanka Fulbright Commission.

Kapila Jayawardena joined LOLC in the year 2007 as the Group Managing Director/CEO and is the Chairman of the following companies and is also on the Boards of the subsidiaries of the LOLC Group.

⦁ Eden Hotel Lanka PLC
⦁ LOLC General Insurance Ltd
⦁ LOLC Securities Ltd
⦁ Palm Garden Hotels PLC
⦁ Browns Capital PLC

⦁ LOLC Micro Credit Ltd
⦁ BRAC Lanka Finance PLC
⦁ Commercial Leasing & Finance PLC
⦁ Brown & Company PLC
⦁ Riverina Resorts (Pvt) Ltd
⦁ Browns Capital PLC
⦁ LOLC International (Pvt) Ltd
⦁ Browns Investments PLC
⦁ Seylan Bank PLC

Deshamanya M. D. D. Pieris is a graduate of the University of Ceylon (Peradeniya); Fellow of the Chartered Management Institute, UK and has been conferred the Degree of Doctor of Letters (Honoris Causa) by the University of Colombo and the title of Honorary Senior Fellow by the Postgraduate Institute of Medicine and Distinguished Fellow of the Institute of National Security of Studies –Sri Lanka.

Deshamanya Pieris is an illustrious retired civil servant, who in the course of his distinguished career in the public service has held several important posts, including that of Secretary to the Prime Minister; Secretary, Ministry of Public Administration, Provincial Councils and Home Affairs; Secretary, Ministry of Agriculture, Food and Co-operatives; Secretary, Ministry of Education and Higher Education and Chairman and Director General of Broadcasting.

He has also acted on several occasions in addition to his duties, in the posts of Secretary to the Ministry of Defense and External Affairs and Secretary to the Ministry of Trade and Shipping.

He has at various times been the Chairman of the National Institute of Education, Chairman – Board of Management of the Sri Lanka Institute of Development Administration; and Chairman of the Agrarian Research and Training Institute. He has also served on the Governing Councils or Board of Management of several Universities and Postgraduate Institutes, including those of the Universities of Colombo, Kelaniya, Moratuwa and the Buddhist and Pali University.

He has been a Director of Peoples’ Bank, People’s Merchant Bank PLC and a member of the Rural Credit Advisory Committee of the Central Bank. He has served as a member of the National Salaries Commission and as a member of the Presidential Commission on Finance and Banking, and has headed three Presidential Committees on proposal for gem mining in Kalu Ganga; on the Survey Department and Foreign Service.

Within the LOLC Group, he has also served as Director on the Board of LOLC Finance PLC, as well as some subsidiaries of the LOLC Group. He currently chairs the Risk Management Committee, the Audit Committee and the Corporate Governance Committee of LOLC, and is a member of the Talent Development and Remuneration Committee. Currently, he also serves as Chairman of the Board of Management of the Institute of Information Technology, Member of the Board of the Mercantile Merchant Bank, and MMBL Money Transfer (Pvt) Ltd. He serves on the Board of Mountain Hawk Express (Pvt) Ltd, a Hayleys Group company, who is the licensee for The U.S. Federal Express Corporation. Deshamanya Pieris serves as a Director of the Governing Board of the Regional Centre for Strategic Studies; a member of the Board of Lakshman Kadirgamar Foundation; a member of the Academic Affairs Board for the Postgraduate Programmes of the Sri Lanka Institute of Development Administration, and a member of the Board of the Management of the SANASA University Campus. He has also been appointed by the University Grants Commission as a member of the Board of Management of the Institute of Indigenous Medicine of the University of Colombo, and re-appointed to the Board of Management of the School of Computing of the University of Colombo.

Mr. Pieris lectures periodically at the Regional Centre for Strategic Studies; the Kotelawala Defense University; the Bandaranaike International Diplomatic Training Institute; the Defense Services command and Staff College, and the Sri Lanka Institute of Development Administration.

He has, on invitation delivered four convocation addresses at the Open University; the University of Ruhuna; the University of Sri Jayawardanapura; and the University of Colombo. He has also delivered three Orations; namely the Lalith Athulathmudali Memorial Oration; the Sir Ponnambalam Arunachalam Memorial Oration; and the Vidyajothi Professor V. K. Samaranayake Memorial Oration. He has published his memories of his experience in the Public Service of Sri Lanka in a book entitled “In the Pursuit of Governance”.

Dr. Ravi Fernando is a BLUE OCEAN STRATEGIST WITH A SUSTAINABILITY MIND SET. He is an Alumni of the University of Cambridge having completed the Climate Leadership Programme in 2007, a Post Graduate Certificate in Sustainable Business at Cambridge University in 2008 and a Master of Studies in Sustainability Leadership at Cambridge University in 2014. He was a Wolfson College alumni at Cambridge University. He holds a Doctor of Business Administration Degree from the European University in Geneva 2016. He also holds a MBA from the University of Colombo and is a Fellow of the Chartered Institute of Marketing (UK). He holds a Diploma in International Management and completed the Advanced Management Program at the INSEAD Business school in (France).

He was the United Nations Global Compact Focal point for Sri Lanka 2003-2010 and was the founder of the UN Global Compact Sri Lanka network in 2010 and is a Director of UNGC Sri Lanka Board. He is Chairman/CEO of Global Strategic Corporate Sustainability Pvt.Ltd which currently operates in Vietnam, Sri Lanka and China. He also serves as a Director on the Boards of Aitken Spence Plantations Limited, Ceylon Asset Management Ltd and Habitat for Humanity.

His career with multi-nationals spanned 1981- 2003, Unilever, Sterling health International, Smithkline Beecham International covering Africa, Middle East and Asia in CEO/Managing Director, Business Development and Marketing Management positions between 1981-2007. He was the first CEO SLINTEC (Sri Lanka Institute ofNanotechnology) 2008-2010 and was a member of the National Task Force on Development of the 5 year Science and Technology strategy 2010.

In Academia, he was a visiting faculty member of the INSEAD Advanced Management Program from 2005-2010 teaching the subject ‘Strategic Corporate Sustainability’. He is an Executive in Residence at the INSEAD Social Innovation centre since September 2010 to date. He is also on the visiting faculty of the Deusto Business School (Bilbao) and Univiersitat of Pompeu Fabra (Barcelona) in Spain and University of Colombo MBA teaching ‘Strategic Corporate Sustainability’. BABSON College published three Case studies on his work experiences in Kenya and Vietnam in the GVV series in 2012-14 and was involved in over 7-8 Case studies at the INSEAD business school between 2006-2010. In November 2015 he published ‘Strategic Corporate Sustainability – 7 Imperatives for Sustainable business’ (Partridge: Penguin Random House), based on his work at Cambridge University.

In September 2007 he won a “Global Strategy Leadership award” at the World Strategy Summit for his work on Ethical branding in the Apparel and Tea sectors receiving the award from Prof Renee Mauborgne of INSEAD business school.

Kalsha Amarasinghe holds an Honours Degree in Economics. She serves on the Boards of Lanka ORIX Leasing Company PLC, LOLC Finance PLC, Commercial Leasing & Finance PLC, LOLC Micro Credit Ltd, LOLC Life Assurance Limited, Palm Garden Hotels PLC, Riverina Resorts (Pvt) Ltd and Eden Hotel Lanka PLC. She also serves as a Director on the Boards of Browns Investments PLC, Browns Capital PLC and Brown & Co. PLC.

Mr. Hiroshi Nishio joined ORIX Corporation in 1991. He served as head of various overseas operations including Malaysia and the USA. After serving as General Manager of ORIX Real Estate Corporation, he was appointed President & CEO of ORIX Asset Management Corporation in January 2013.

In January 2014, he was made an Executive Officer and was appointed a Deputy Head of Global Business Headquarters of ORIX Corporation.

Mr. Yamaguchi joined ORIX Corporation in 1990. He served as head of various overseas operations including Indonesia and Thailand. After being a Chairman & CEO of ORIX Auto Leasing (Thailand) Co., Ltd. in April 2008, Mr. Yamaguchi was appointed a President of Thai ORIX Leasing Co., Ltd. in January 2010.

In February 2011, He was appointed an Executive Vice President of Global Business Headquarters, ORIX Corporation.

In January, 2016, he was made an Executive Officer and was appointed a Deputy Head of Global Business Headquarters of ORIX Corporation.