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.

Corporate Management Team

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.

Damith Tennakoon

Executive Director/Deputy CEO/Chief Financial Officer

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).

Nayanthi Kodagoda

Senior General Manager – HR and Administration

With an Executive MBA from the University of Colombo and an Associate Membership in the Sri Lanka Institute of Credit Management. Nayanthi Kodagoda possesses a strong academic foundation and professional accreditation. Her extensive career in the Finance Business Industry spans over 26 years, during which she has gained sound expertise in various operational areas, including Finance, Human Resources, Credit Administration, and Branch Operations. Nayanthi has served the Company for over 26 years.

Hasitha Dassanayake

Senior General Manager - Emergent Business and Business Intelligence

Hasitha Dassanayake brings a wealth of knowledge and expertise to the table. He holds an Honours degree in Bachelor of Commerce from the University of Colombo, as well as an MBA from the Postgraduate Institute of Management (PIM) of the University of Sri Jayawardenepura. With professional recognition, Hasitha is an Associate Member of the Chartered Institute of Management Accountants (UK), as well as a Chartered Global Management Accountant (CGMA). With a remarkable tenure of over 17 years at CDB, his experience and contributions have been invaluable to the Organisation.

Senaka Attygalle

Chief Information Officer

With an MBA from the University of Lincoln, UK, Senaka Attygalle has equipped himself with advanced business knowledge. He holds memberships in prestigious professional organisations, including the British Computer Society (UK), the Institute of Management Information Systems (UK), and the Australian Computer Society. With a remarkable career spanning over 36 years, Senaka has amassed extensive experience in the field of Information Technology, demonstrating his expertise and proficiency in the industry.

Isanka Kotigala

General Manager – Sales and Business Development

With an MBA from the University of Wales, Isanka Kotigala has a strong educational background. Prior to joining CDB, he has accumulated valuable experience both locally and internationally. With over eight years experience in prominent multinational companies, Isanka has brought his expertise to CDB, where he has served for over 17 years.

Sudath Fernando

General Manager – Leasing/Credit

With a remarkable career spanning 32 years, Sudath Fernando has established himself as a seasoned professional in the Banking and Finance Business Industry. His expertise and knowledge have been honed through his dedicated service of over 14 years at CDB.

Ranjith Gunasinghe

General Manager – Risk

Ranjith Gunasinghe has a strong educational background, including a Master of Financial Economics (MFE) from the University of Colombo, an MBA from the University of Southern Queensland in Australia, and a Postgraduate Diploma in Business and Financial Administration from the Institute of Chartered Accountants of Sri Lanka. Additionally, he holds a Postgraduate Diploma in Marketing from the Sri Lanka Institute of Marketing (SLIM) and is a Certified Professional Marketer by the Asia Marketing Federation. With a remarkable career spanning over 24 years in the Finance Business Industry, Ranjith has dedicated over 21 years of his professional journey to CDB.

Chaminda Jayawardana

General Manager – Recoveries

Having obtained an MBA from the Open University of Malaysia and an Intermediate Diploma in Banking, Chaminda Jayawardana has solid academic credentials. With an impressive career spanning over 32 years, he has garnered extensive expertise in the Banking and Finance Business Industry.

Ruwan Chandrajith

General Manager – Finance and Planning

Ruwan Chandrajith possesses a Bachelor of Science degree in Accountancy from the University of Sri Jayewardenepura, as well as a Master of Business and Innovation from the University of Southern Queensland (USQ). He is an Associate Member in the Institute of Chartered Accountants of Sri Lanka. With an extensive background in Financial Management and Auditing, he has accumulated 20 years of professional experience, which includes his association with CDB for more than 13 years.

Herath Dharmadasa

Deputy General Manager - Business Development

Herath Dharmadasa has obtained an MBA from Cardiff Metropolitan University in the UK and a Bachelor of Arts degree from the University of Peradeniya. With a vast experience spanning over 27 years, he has worked extensively in the fields of Sales, Marketing, and the Financial Services Industry.

Nadee Silva

Deputy General Manager – Gold Loan

Nadee Silva has been a dedicated member of CDB since 1998, amassing a remarkable experience of over 25 years in sales and marketing within the Financial Services Industry. Furthermore, she has accumulated more than 12 years of expertise in Business Development Management.

In recognition of her exceptional performance, Nadee was honoured with the “Best Female Sales Person of the Year” award and the “Territory Manager” Silver award in the Finance Sector category at the SLIM-NASCO 2013 Awards. Her accomplishments extend further as she emerged as the “National Champion” in the Sales and Marketing category of the Corporate and Professional Sector at the prestigious Sri Lanka Vanithabhimana Awards 2021.

Aruni Panagoda

Deputy General Manager – Business Operations

Aruni Panagoda has earned an MBA from Cardiff Metropolitan University in the UK. Additionally, she is an Associate Member in the Sri Lanka Institute of Credit Management. With a career spanning 23 years, she has garnered valuable expertise in the areas of Credit Operations, Insurance Operations, and Deposit Operations while working at CDB.

Sanjeewa Ranathunga

Deputy General Manager – Post Disbursement Follow-up

Sanjeewa Ranathunga is an Associate Member of several professional institutes, including the Sri Lanka Institute of Credit Management, the Institute of Certified Professional Managers, and the United Kingdom Association of Professionals. He possesses a Diploma in Agriculture from Aquinas College of Higher Education. Sanjeewa has been a part of CDB since 1998, accumulating a wealth of experience spanning 24 years in the field of Post Disbursement follow-up.

J L Priyantha

Deputy General Manager – Asset Portfolio Sales

J L Priyantha holds a BSc (Special) degree from the Faculty of Agriculture at the University of Peradeniya, as well as an MBA from the Postgraduate Institute of Management (PIM) of the University of Sri Jayewardenepura. In recognition of his outstanding performance, he was honoured with the Gold Award in the Supervisor category of Financial Services and Products at the NASCO Awards 2013, organised by the Sri Lanka Institute of Marketing. Additionally, he received a Silver Award in the Territory Manager category in 2015.

Priyantha began his career with CDB in February 2005 as a sales trainee and has since accumulated 19 years of valuable experience in the fields of Sales and Marketing. He possesses specialised expertise in leasing and lending sales strategy.

Lalith Peiris

Deputy General Manager – Liability Portfolio Sales

Lalith Peiris holds an MBA in Marketing (Special) from Cardiff Metropolitan University, UK. He holds memberships in the Chartered Institute of Marketing (CIM, UK) and the Sri Lanka Institute of Marketing.

With a comprehensive experience of over 17 years in Sales and Marketing, as well as Liability Sales Strategy in the Financial Service Industry, Lalith has proven his expertise in the field. In recognition of his exceptional performance, he clinched the Gold award in the Territory Manager category of Financial Services and Products at the NASCO Awards in 2017, organised by the Sri Lanka Institute of Marketing. Lalith has been an integral part of CDB since joining as a Sales Trainee in 2005, accumulating 17 years of valuable experience within the organisation.

Sarath Kumara

Deputy General Manager – Branch Operations

Sarath Kumara possesses extensive expertise in Branch Operations. Holding a specialised B.B. Management degree in Accounting from the University of Kelaniya, he brings a wealth of knowledge and experience to his role. Sarath has been a dedicated member of the CDB team since March 2000, demonstrating a strong commitment to the Organisation’s success.

Rizvi Kareem

Deputy General Manager – IT Systems

Rizvi Kareem holds an PGD in Information Systems from the Sri Lanka Institute of Information Technology (SLIIT). He is a member of the British Computer Society. He counts over 23 years in the Financial Services and Information Technology industries. Rizvi has extensive experience in Digital Banking and e-Commerce Platforms, Management Information Systems, Software Engineering and Project Management.

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