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Board of Directors

Mr. Rajah Nanayakkara assumed duties as Chairman of LOLC and its subsidiaries with effect from 25 August 2015. Mr. 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, where he 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. Nanayakkara is also on the Board of Brown & Company PLC and Browns Investments PLC

Mr. R. M. Nanayakkara

Mr.Ishara Nanayakkara is an as tute businessman who holds directorial positions in many corporates and conglomerates in Sri Lanka. He joined the Board of LOLC Finance PLC in 2002.Presently Mr. Nanayakkara is the executive Deputy Chairman of LOLC Finance PLC. 

He chairs the Board of Commercial Leasing & Finance PLC, LOLC Micro Credit Limited and BRAC Lanka Finance PLC backed by the professional expertise in the industry for over a decade. He also serves on the Board of PRASAC Micro Finance Institute; Cambodia’s largest Micro Finance Institution. His expertise in micro finance in the region is evident in the recent investment in Thaneakea Phum Cambodia Ltd (TPC Micro Finance), the 5th largest microfinance company in Cambodia in addition to the green field operations in Myanmar via Myanmar Micro Finance Company Ltd of which he is the founding Chairman. 

Mr. Nanayakkara is the Deputy Chairman of Seylan Bank PLC, a premier commercial bank in the country. His exposure in general and life insurance through LOLC’s Insurance arms, stock brokering through LOLC Securities Ltd, factoring through LOLC Factors, micro financing and Islamic finance, manifests his vision of catering to the entire value chain of the finance sector. 

His business philosophy based on sustainable development has seen LOLC enter into many new business ventures with high potential for growth in all three spheres economic, social and environmental. Accordingly he serves the Board of Sierra Constructions Ltd, AgStar Fertilizers PLC, Lanka Century Investment PLC and Associated Battery Manufacturers (Cey) Ltd, in line with the Group’s vision to divest into strategic investments such as Agriculture & Plantation, Trading & Manufacturing, Leisure and Construction. His need to diversify the LOLC Group into a key conglomerate that operates in the growth sectors of the economy is further reflected through the vital role played by him in Brown & Company PLC and Browns Investments PLC as the Executive Chairman. Browns Group is a renowned conglomerate with leading market positions in trade, leisure, manufacturing, consumer appliances and agriculture equipment. Mr. Nanayakkara was appointed as the Chairman of FLC Holdings PLC, FLC Hydro Power PLC, and a Director in Pussellawa Plantations Ltd, Ceylon Estate Teas (Pvt) Ltd and FLMC Plantations (Pvt) Ltd subsequent to the recent acquisition. He holds a diploma in Business Accounting from Australia.

Mr. I. C. Nanayakkara

Mr. Kapila Jayawardena counts over thirty years’ experience in Banking, Financial Management and Corporate Management. Mr. Jayawardena was appointed as the Group Managing Director/CEO of LOLC Finance PLC in 2007. 

He was the former CEO/Country Head of Citibank Sri Lanka & Maldives. Mr. Jayawardena has played a pivotal role in the banking sector contributing to the financial market reforms development and regularly advising regulators on prudential requirements. He has widespread experience in introducing innovative financial service products to the market.

The LOLC Group is one of the largest conglomerates in Sri Lanka with a presence in diversified industries such as Financial Services, Trading, Manufacturing, Construction, Leisure and Renewable Energy.

As an individual with extensive International and domestic financial experience, Mr. Jayawardena was a key member of the following committees.

  • Chairman Sri Lanka Bank’s Association (SLBA) 2003/2004
  • Member of the Financial Services Reforms Committee (FSRC) 2003/ 2004
  • Director of Lanka Clear and was instrumental in completing the automated clearing project for the Sri Lankan banking industry 2004
  • President of the American Chamber of Commerce Sri Lanka 2006/2007
  • Member of the inaugural Sovereign ratings team for Sri Lanka Member of the National Council of Economic Development (NCED)
  • Board Member of the United States -Sri Lanka Fulbright Commission Presently, Mr. Jayawardena holds Chairmanship/directorship in the following companies:

• Lanka ORIX Leasing Company PLC –Group Managing Director/CEO
• LOLC Finance PLC- Chairman
• LOLC General Insurance Limited -Chairman
• LOLC Securities Limited - Chairman
• Eden Hotels Lanka PLC - Chairman
• Palm Garden Hotels PLC - Chairman
• LOLC General Insurance Ltd - Chairman
• LOLC Micro Credit Ltd - Director
• Commercial Leasing & Finance PLC -Director
• Brown & Co., PLC - Director
• Browns Investments PLC - Director
• Seylan Bank PLC - Director
• BRAC Lanka Finance PLC - Director
• Riverina Resorts (Pvt) Ltd - Director
• FLC Holdings PLC - Director
• Pussellawa Plantations Limited -Director
• FLC Hydro Power PLC – Director

Mr. W. D. K. Jayawardena

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 (HonorisCausa) 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 Instituteof 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 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. 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 also serves on the Risk Management Committee, Audit Committee and the Remuneration Committee, whilst chairing the Corporate Governance Committee of the Group. Currently, he also serves as Deputy Chairman - Mercantile Merchant Bank Ltd and as member of the Board of MMBL Logistics (Pvt) Ltd, MMBL Money Transfer (Pvt) Ltd., and Pathfinder Holdings (Pvt) Ltd. He also serves on the Board of Mountain Hawk Express (Pvt) Ltd – a Hayleys Group company, which is the licensee for the U.S. Federal Express Corporation. Deshamanya Pieris is a Director of the Governing Board of the Regional Centre for Strategic Studies. He is also currently the Chairman of the Board of Management of the Institute of Information Technology; a member of the Board of the 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 Senior Advisory Committee of the Ceylon Chamber ofCommerce.

He has also been recently 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 for a period of three years, and reappointed for a further three years to the Board of Management of the School of Computing of the University of Colombo.

Mr. Deshamanya M. D. D. Pieris

Mr. Ravi Fernando holds an 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 is an Alumni of the University of Cambridge Programme for Sustainable Leadership having completed the Climate Leadership Programme in 2007, the Postgraduate Certificate in Sustainable Business at Cambridge University in 2008 with Distinction and Master’s in Studies (Sustainable Leadership) at Cambridge University in 2014. 

He is Operations Director - Malaysian Blue Ocean Strategy Institute since December 2011. 

His career with multinationals – Unilever, Sterling Health, SmithKline Beecham International covered Africa, the Middle East and Asia in CEO/Marketing Management positions. He was the first CEO SLINTEC (Sri Lanka Institute of Nanotechnology) in 2008-2010.

In Academia, he was a faculty member of the INSEAD Advanced Management Program 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.

Mr. R. A. Fernando

Mrs. Kalsha Amarasinghe was appointed to the Board in August 2002. She holds an Honours Degree in Economics. She serves on the Boards of LOLC Finance PLC, LOLC Micro Credit Ltd, LOLC Life Assurance Limited, United Dendro Energy (Pvt) Ltd, Palm Garden Hotels PLC, Eden Hotel Lanka PLC and Riverina Resorts (Pvt) Ltd.

She also serves as a Director on the Boards of Commercial Leasing & Finance PLC, Brown & Company PLC, Browns Investments PLC, FLC Holdings PLC, FLC Hydro Power PLC, Melfort Green Teas (Pvt) Ltd and Pussellawa Plantations Ltd.

Mrs. K. U. Amarasinghe

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. 

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

Mr. H Nishio

Mr. Yamaguchi joined ORIX 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 and Alternative Investment Headquarters, ORIX Corporation.

Mr. Harukazu Yamaguchi

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