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Gamini Senarath appointed as the Chairman of the Board of People’s Leasing & Finance PLC

Mr. Gamini Senerath - Chairman of PLC
Mr. Gamini Senerath – Chairman of PLC

People’s Leasing & Finance PLC

People’s
Leasing & Finance PLC proudly announces the appointment of Mr. Gamini Senarath
as the Chairman (Non-Independent, Non-Executive
Director) of
the Board with effect from the 28th of February 2013. A well reputed
officer of the Sri Lanka Administrative Service, Mr. Senarath is well poised to
lead the country’s largest non-banking financial institution and the leader in
leasing.
Commenting on his new
appointment Mr. Senarath said: ‘I am delighted at the challenge to lead this
dynamic organisation as the Chairman of the Board. People’sLeasing & Finance PLC, the leader in leasing in Sri Lanka, is poised at the
forefront of the financial services sector and is working hard to set new
paradigms in the industry. I hope to build and add value to the existing brand
while working to ensure that the company rises to the challenges ahead of us.’
A graduate of the University of
Kelaniya, Mr. Senarath joined the Sri Lanka Administrative Service in the year
1984 as an Assistant Government Agent. He has also served in the capacity of
Assistant Controller and Deputy Controller of the Department of Immigration and
Emigration, Senior Assistant Secretary to the Ministry of Transport and Civil
Aviation and the Commissioner General of Motor Traffic. Mr. Senerath was appointed
as the Chief of Staff to His Excellency the President in the year 2009, after a
successful tenor as the Additional Secretary to the Prime Minister and as an
Additional Secretary to the President. He was the former Chairman of the Sri
Lanka Insurance Corporation and currently holds the post of the Chairman of
People’s Bank, Litro Gas Lanka Limited, Litro Gas Terminals Lanka (Private)
Limited and Sri Lanka Insurance Resorts & Spas (Private) Limited.

About PLC

Founded in 1995, People’s Leasing & Finance PLC (PLC) is Sri Lanka’s unshakable leader in the leasing sector. In the past 16 years, People’s Leasing has built an extraordinary tradition of excellence in all spheres
of leasing and is now the established market leader. PLC’s customers range from individuals to SMEs to blue chip companies in every corner of the island. The Company has contributed immensely to the economic growth and the quality of life of millions of Sri Lankans.
The People’s Leasing Group has diversified to include six subsidiaries, united
under the PLC’s name. Customers can now obtain Insurance, Finance, Microfinance
and Fleet Management services under one roof.
PLC’s user-friendly product range, nationwide outreach and strong
foundation of talented management and staff have made the Company immensely
profitable. The Company is now a major contributor to the success of its parent
company, People’s Bank. As a subsidiary of People’s Bank, the group enjoys the
strength and recognition of its parent and the flexibility of the private
sector. PLC currently holds a stable outlook with international and local
ratings. Ratings as of now stands at Fitch Ratings International (‘B+’ Rating);
Standard & Poor’s (‘B+/B” Rating) and Fitch Lanka ‘AA-(lka)’.

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