ANNUAL REPORT
2022/23

Governance

CDB clearly exhibited the resilience of its business under multiple scenarios, and was able to continuously create value for all our stakeholders.

BOD Profiles

Alastair Corera

Chairperson/ Non-Executive Independent Director

Alastair Corera serves as the Executive Director of Orion Fund Management (Pvt) Ltd., a company that oversees long-term investment portfolios for both individuals and corporations. This firm is regulated by the Securities and Exchange Commission of Sri Lanka. Prior to this role, Alastair held positions at Fitch Ratings Lanka Ltd., where he led the rating team for Financial Institutions and served as the Country Head from 2004 to 2006. Prior to that, he worked as the General Manager at Forbes ABN AMRO Securities (Pvt) Ltd. He is a Chartered Financial Analyst, USA, and a Fellow of the Chartered Institute of Management Accountants, UK.

Mahesh Nanayakkara

Managing Director/Chief Executive Officer

Mahesh Nanayakkara joined CDB in 2001, and possesses over 30 years experience in the field of financial services. Throughout the past two decades, he led a vibrant team of young professionals who played a pivotal role in transforming CDB from a company with negative net worth to the thriving entity it is today from an asset base of less than Rs. 1 Bn. to an asset base of over Rs. 100 Bn. He played a significant role in establishing the Autism Trust Fund, a collaborative effort between CDB and the Sri Lanka Association for Child Development (SLACD), with a primary focus on raising awareness, early detection, and intervention for autism in Sri Lanka. Mahesh received his education at Wesley College in Colombo, and holds a BSc in Business Administration, as well as a Masters degree (PIM) from the University of Sri Jayawardenepura. He is a Fellow of the Chartered Institute of Management Accountants (UK), and has also completed an Executive Development Programme at the Harvard Business School, Boston.

Senior Professor
Sampath Amaratunge

Non-Executive Independent Director

Prof Amaratunge was appointed to the Board in 2016, bringing with him a wealth of expertise as an Economist specialising in rural development. He has served as a distinguished academic in Sri Lanka for over three decades. Currently, he holds the esteemed position of Chairperson at the University Grants Commission (UGC). Additionally, he serves as a Director in various organisations including Laugfs Gas PLC, Raigam Wayamba Salterns PLC, Southern Salt Company (Pvt) Ltd., and Raigam Wayamba Cereals (Pvt) Ltd. Prof Amaratunge’s contributions to research are notable, with over 75 articles published in international and national refereed journals and proceedings. He has received numerous local and international awards, including the prestigious Research Excellence Award in 2002 from the Kyushu Society of Rural Economics, Japan. In 2021, he was honoured with “The Order of the Rising Sun” by His Majesty the Emperor of Japan, recognising his distinguished contributions to fostering friendly relations with Japan. Prof Amaratunge holds a BA (Hons.) in Economics from the University of Sri Jayewardenepura, an MA in Economics from the University of Colombo, an MSc in Economics of Rural Development from Saga National University, and a PhD from Kogoshima National University in Japan. He previously served as the Vice-Chancellor of the University of Sri Jayewardenepura and as the Chairperson of the Federation of University Teachers Association (FUTA).

Damith Tennakoon

Deputy CEO/Chief Financial Officer/Executive Director

With more than 27 years experience, Damith has a sound background and comprehensive knowledge across a wide variety of fields such as Finance, Treasury, Risk Management, Compliance, Recovery, and Strategic Planning. He is a Fellow at the Chartered Institute of Management Accountants, UK, and a Chartered Global Management Accountant (CGMA).

Roshan Abeygoonewardena

Executive Director – Corporate Finance

Roshan Abeygoonewardena assumed his position on the Board in 2011, bringing with him a wealth of experience exceeding 30 years in the financial services industry, as well as three years in the manufacturing sector. He is a Fellow of the Chartered Institute of Management Accountants, UK, Fellow Member of the Institute of Certified Management Accountants of Sri Lanka, and a Fellow Member of the Sri Lanka Institute of Credit Management. Furthermore, he served as the Chairperson of the Finance Houses Association of Sri Lanka (FHASL), the apex body representing finance companies in Sri Lanka.

Sasindra Munasinghe

Executive Director – Sales and Business Development

Leveraging his extensive expertise of over 32 years in the Leasing Industry, Sasindra Munasinghe joined the Board in April 2011. He played a pivotal role in establishing and developing the leasing operations at CDB, overseeing crucial aspects such as credit evaluations, recoveries, operations, and marketing. He holds an MBA from the Federation University of Australia, further enhancing his qualifications in the field

Dave De Silva

Executive Director – Business Operations

Dave De Silva assumed his position on the Board on 1 January 2012, as an Independent Non-Executive Director. Subsequently, he assumed the role of Executive Director – Business Operations, in October 2016. With over 22 years’ experience in the financial services sector, he brings a wealth of industry knowledge. He holds a specialised BSc degree in Business Administration from the University of Sri Jayewardenepura, and is also an Associate Member of the Chartered Institute of Management Accountants, UK.

Karthik Elangovan

Executive Director – Chief Emergent Business Officer

Effective from 1 July 2020, Karthik Elangovan assumed his position on the Board. In 2017/18, he served as the President of the Sri Lankan Institute of Marketing (SLIM) and subsequently became the Director/CEO of a subsidiary following its amalgamation with CDB. He is a Chartered Marketer and is recognised as a Fellow of both the Chartered Institute of Marketing in the UK and the Sri Lanka Institute of Marketing. He obtained a BSc in Management from the University of Sri Jayewardenepura and an MBA from the Postgraduate Institute of Management (PIM). He was recognised as an Honorary Fellow of the Institute of Marketing of Malaysia. In addition, he has participated in Executive Development Programmes at Harvard Business School (HBS) in Boston, USA. He also holds a National Diploma in Human Resource Management (IPM) and is a Chartered Global Management Accountant (CGMA).

Jagath Abhayaratne

Non-Executive Director

Jagath Abhayaratne currently holds the position of General Manager of Operations at Ceylinco Life Insurance PLC, which he held for more than 16 years. With a career spanning over 30 years, he possesses extensive experience in the Insurance Industry. He holds an MBA from the UK, a Bachelor’s degree in Business Administration from the USA, a Certificate in Insurance from the Chartered Insurance Institute (UK), and a Diploma in Business Administration from the UK.

Ms Rajitha Perera

Non-Executive Independent Director

Rajitha Perera is a partner at Gomes & Company, Chartered Accountants. She brings a wealth of experience to her role, having previously served as a Senior Manager in the Assurance Division at Ernst & Young, Chartered Accountants, as well as the Chief Financial Officer (CFO) of a diversified group of companies. She also held the position of an Independent Non-Executive Director of Unisons Capital Leasing Limited (UCL), a subsidiary of CDB until UCL merged with CDB. She is a Fellow of the Institute of Chartered Accountants of Sri Lanka and an Associate Member of the Institute of Certified Management Accountants of Sri Lanka.

Samitha Hemachandra

Non-Executive Director

Samitha Hemachandra currently holds the position of Deputy Chief Operating Officer at Ceylinco Life. With a career spanning over 23 years, he brings a wealth of experience in various fields, including Brand Management, Customer Relationship Management, Marketing Management, and Strategic Planning. Throughout his tenure, he has played a pivotal role in designing, developing, and implementing numerous integrated marketing campaigns for Ceylinco Life. He has also served as the Chairperson of the Marketing and Sales Forum of the Insurance Association of Sri Lanka in the past, and has been a valued member of the judging panel for the SLIM Brand Excellence awards for several years. Additionally, he serves as a Director for Ceylinco Healthcare Services Ltd., a wholly-owned subsidiary of Ceylinco Life. He is a Fellow (FCIM) and Chartered Marketer of the Chartered Institute of Marketing, UK, and a Certified Management Accountant (CMA) of Australia. Furthermore, he holds an MBA from the University of Western Sydney in Australia.

Sujeewa Kumarapperuma

Non-Executive Independent Director

With a professional journey spanning over 28 years, Sujeewa Kumarapperuma has amassed extensive expertise in the actuarial field. He played a key role as a founder member and associate of the Actuarial Association of Sri Lanka. Additionally, he holds a life membership in the MBA Alumni Association of the University of Colombo. He holds a BSc degree in Physical Science with a Second Class Upper from the University of Colombo, along with an MBA from the same institution. Furthermore, he has earned a Postgraduate Diploma in Actuarial Science from the City University, UK.

Prof Prasadini Gamage

Non-Executive Independent Director

Prof Prasadini Gamage is currently affiliated with the Department of Human Resource Management at the University of Kelaniya. With over 25 years of experience as a lecturer, she has made significant contributions to her field. Her extensive research work includes the publication of more than 100 research papers in both local and international journals, as well as authoring several textbooks. Prof Gamage completed her PhD in HRM at the Management and Science University (MSU) in Malaysia. She holds a first-class honours BSc in Business Administration and an MSc in Management from the University of Sri Jayewardenepura. In addition, she is an Attorney-at-Law of the Supreme Court of Sri Lanka and serves as a Member of the Governing Council of the Chartered Institute of Personnel Management of Sri Lanka.

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