Mr. Rajah Nanayakkara assumed duties as Chairman of LOLC and its subsidiaries with effect from 25 August 2015. He 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.
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. Ishara Nanayakkara is an astute businessman who holds directorial positions in many corporates and conglomerates in Sri Lanka.
He ventured into the arena of financial services with the strategic investment in Lanka ORIX Leasing Company PLC and was appointed to the Board in 2002. Today, as Deputy Chairman of LOLC Group, he straddles a conglomerate that encompasses financial services, agriculture and plantation, leisure, renewable energy, construction, manufacturing and trading.
Mr. Nanayakkara has extensive exposure in both banking and non-banking financial services sector through his involvement in Lanka ORIX Finance PLC, Commercial Leasing & Finance Ltd., and Seylan Bank PLC.
His interest in Microfinance is evident through his recurrent contribution to PRASAC - the largest microfinance company in Cambodia and in his own initiative, LOLC Micro Credit Ltd. - the only regulated private sector microfinance institution with foreign equity in Sri Lanka.
His passion for renewable energy is reflected through the green portfolio of the LOLC Group - comprising hydro power, solar power, agri waste and biomass - a promising source of alternate energy. The green investments of the LOLC Group companies are poised to offer their share to the environment.
Mr. Nanayakkara is also conversant in sustainable forestry and plantation through Group companies – Maturata, Pussellawa and Gal Oya Plantations. The addition of Agstar Fertilizers Ltd., a leading agri input provider in the country, has further enhanced the Group’s contribution to the agriculture and plantation sectors.
The participation in Sierra Constructions Pvt Ltd., one of the largest construction companies in the country is timely, considering the contribution of the construction sector to the post-war development.
Mr. Nanayakkara is focused on the immense opportunities presented by the leisure sector. With the recent acquisitions of some of the leading hotels in the Southern coast alongside key properties in the North and East, development plans are underway for the leisure subsidiaries of LOLC Group - Eden Hotel Lanka PLC, Riverina Hotel PLC, Palm Garden Hotels PLC, Tropical Villas (Pvt) Ltd. and Dickwella Resorts (Pvt) Ltd.
He is also involved at strategic level in Browns Group of Companies, a conglomerate with leading market position in trade, leisure, manufacturing, consumer appliances and agriculture equipment.
He holds a Diploma in Business Accounting from Australia.
Mr. Nanayakkara’s involvement in multifaceted business fields is a fine proof of his perpetual interest on the growth sectors of the Sri Lankan economy.
Mr. Ishara Nanayakkara is also alternate Director to Mr R M Nanayakkara.
Mr. Kapila Jayawardena was appointed as the Group Managing Director/CEO of LOLC in June 2007. He holds an MBA in Financial Management; is an Associate of the Institute of Cost and Executive Accountants and was awarded Fellowship of the Institute of Bankers of Sri Lanka (IBSL) in 2006.
He has varied experience in the fields of Banking, Audit, Relationship Management, Corporate Finance, Corporate Banking, Investment Banking and Treasury Management. Mr. Jayawardena was appointed as the Chairman of the Sri Lanka Banks’ Association (SLBA) in 2003/04 and served as President of the American Chamber of Commerce in Sri Lanka in 2006/07. He served as a Director of Lanka Clear, National Institute of Business Management (NIBM) and The Institute of Bankers of Sri Lanka (IBSL).
Mr. Jayawardena was appointed to the Financial Sector Reforms Committee (FSRC) by the Prime Minister and was a member of the Finance Sector and Capital Markets Cluster of the National Council of Economic Development (NCED). He was a key member of the inaugural sovereign rating team and sovereign debt for Sri Lanka appointed by the Governor of the Central Bank. He was presented with the prestigious Combined Support Group Award by the US Navy for services rendered after the tsunami in 2005. The Government of Sri Lanka appointed him to the Board of the Sri Lanka Fulbright Commission in 2010.
Mr. Jayawardene was appointed to the Council of the National Chamber of Commerce of Sri Lanka on 27 January 2011.
Mr. Jayawardena has over 27 years experience in all areas of banking, out of which 9 years was in the capacity of CEO/Country Head Citibank Sri Lanka and the Maldives. He was the first Sri Lankan to be appointed as a Senior Credit Officer (SCO) by Citibank in Sri Lanka. During his leadership, Citibank Sri Lanka was rated AAA by Fitch Ratings in Sri Lanka. Citibank Sri Lanka was the first foreign Bank to obtain an AAA rating.
Mr. Jayawardena is the Chairman of Lanka ORIX Finance PLC, LOLC Insurance Ltd., LOLC General Insurance Ltd., LOLC Life Insurance Ltd., LOLC Leisure Ltd., LOLC Motors Ltd., LOLC Securities Ltd., Speed Italia (Pvt) Ltd., United Dendro Energy (Pvt) Ltd., Palm Garden Hotels PLC, Riverina Hotel PLC, Tropical Villas (Pvt) Ltd., Eden Hotel Lanka PLC and Dickwella Resorts (Pvt) Ltd.
He is also on the Boards of LOLC Micro Credit Ltd. and Commercial Leasing & Finance Ltd., which are subsidiaries of the LOLC Group. Mr Jayawardena is also a Director of HDFC Bank.
Deshamanya Dharmasiri 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.
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 Defence 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 Boards of Management of several Universities and Postgraduate Institutes.
He has been a Director of the People’s Bank, the People’s Merchant Bank 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.
Within the LOLC Group, he has also served as Director on the Board of Lanka ORIX Finance PLC as well as some subsidiaries of the LOLC Group. He also serves on the Risk Management Committee, Audit Committee and the Remuneration Committee, whilst Chairing the Corporate Governance Committee and the Nomination Committee.
Currently, he also serves as Deputy Chairman - Mercantile Merchant Bank Ltd. and as a member of the Board of MMBL Logistics (Pvt) Ltd., MMBL Money Transfer (Pvt) Ltd., Mountain Hawk Express (Pvt) Ltd. and Pathfinder Holdings (Pvt) Ltd.
Deshamanya Pieris also serves on the Boards of a few Postgraduate Institutes of Universities and is the Chairman Pro-tem of the S.W.R.D. Bandaranaike National Memorial Foundation responsible for the management of the B.M.I.C.H./B.C.I.S. Complex. He is also currently a member of the Board of the Sri Lanka Foundation Institute and the Senior Advisor to the Governing Board of the Regional Centre for Strategic Studies.
Mr. Deshamanya M. D. D. Pieris
Mr. Ravi Fernando is 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 Programme at the INSEAD Business School in France. He is an Alumni of the University of Cambridge Programme for Sustainable Leadership having completed the Climate Leadership Programme in 2007 and the Postgraduate Certificate in Sustainable Business at Cambridge University in 2008 with Distinction. Currently, reading for a Master’s in Sustainable Leadership at Cambridge University at Wolfson College.
He is Operations Director - Malaysian Blue Ocean Strategy Institute since December 2011.
He was the United Nations Global Compact Focal Point for Sri Lanka. He is on the Board of Governors UNOPS - ARU and on the Boards of Environmental Foundation, Ceylon Asset Management Ltd.
His career with Multinationals - Unilever, Sterling Health International, SmithKline Beecham International and Reckitt Benckiser covered Africa, Middle East and Asia in CEO/Marketing Management positions. He was the founder CEO SLINTEC (Sri Lanka Institute of Nanotechnology) in 2008-2010.
In Academia, he was a faculty member of the INSEAD Advanced Management Programme from 2005-2010 and an Executive in Residence at the INSEAD Social Innovation Centre from September 2010. He is also a visiting faculty member at the Deusto Business School in Spain and the University of Colombo MBA Programmes. In September 2007, he won a ‘Global Strategy Leadership Award’ at the World Strategy Summit for his work on Ethical Branding for the Sri Lankan Apparel and Tea sectors.
Mrs. Kalsha Amarasinghe holds an Honours Degree in Economics. She serves on the Boards of many of the LOLC Group Companies including the Commercial Leasing Group.
Mr. Hiroshi Nishio joined ORIX 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
Mr. Yanaguchi joined the ORIX Corporation in 1990 and has served many ORIX group companies in several different countries. He is presently the Executive Vice President of the Global Business and Alternative Investment Headquarters - ORIX Corporation.