Board of Directors

Mr. Ishara Nanayakkara is a prominent entrepreneur serving on the Boards of many corporates and conglomerates internationally. Coming from a strong business background, involved in their family enterprises, he ventured into the arena of financial services with a strategic investment in LOLC Holdings PLC and was appointed to the Board in 2002. In less than two decades, Nanayakkara has navigated LOLC to become not only a financial conglomerate but the most profitable conglomerate in the country making a significant impact in the global financial arena as the first Sri Lankan company with a dynamic MSME platform across the globe.

Over the years, reputed financial institutions in Sri Lanka, Cambodia, Myanmar, Pakistan, Indonesia, Philippines, Singapore, Zambia, Nigeria, Egypt, Malawi, Tanzania, Zimbabwe, Kenya, Kyrgyzstan and Tajikistan have reaped benefits from his extensive knowledge in the Micro Finance business and MSME markets. He was also instrumental in setting up Life and General Insurance businesses in the Group and pioneered the concept of Micro Insurance in Sri Lanka and Cambodia. His business acumen extends to the growth sectors of developing economies with notable investments in Leisure, holding one of the largest hotel portfolios in Sri Lanka, Maldives and Mauritius in addition to other key investments in construction, plantation, trading, manufacturing and more recently in uniquely innovative scientific initiatives. 

Ishara continues to spearhead all strategic decisions of the LOLC group, both in financial and non-financial sector investments, with his vision for LOLC, being well executed with precision and commitment to create long term value for all stakeholders. 

He held many prestigious positions including the Chairmanship of the Sri Lanka Institute of Nano-Technology, the national arm for advanced technological solutions based on Nano Technology. Known for his innovative spirit, the Group has ventured into many bio-tech businesses, including conversion of pure graphite to graphene, incorporating technological advancements, creating value to the Group’s plantation portfolio of cinnamon, tea, sugarcane, rubber, and bi-products. Investments in renewable energy in both, Sri Lanka and in Sierra Leone, with the largest sugar-based bio ethanol and power plant in Africa, has added multi-dimensional know how to his versatile business portfolio. 

Ishara is a featured businessman in the international community, recognised for his invaluable contribution to Micro Finance in particular, by independent international platforms such as INSEAD business school including winning the prestigious ‘Young Entrepreneur of the Year’ Award at the Asia Pacific Entrepreneurship Awards (APEA) back in 2012. 

He is the Executive Deputy Chairman of LOLC Holdings PLC, Executive Chairman of Browns Investments PLC and Brown & Company PLC. He also sits on several other boards of Group companies both locally and overseas.

Considering his wealth of experience in local and international fields of Banking and Investment Banking, Mr. Kapila Jayawardena has earned a solid reputation as a captain of industry and a dynamic leader who relishes challenges. He joined LOLC Holdings PLC in the year 2007 as the Group Managing Director/CEO and has since steered the Group from strength to strength, while implementing its ambitious expansion in 25 countries in Asia and Africa.

He is also the Chairman/Director of Group Companies including Eden Hotel Lanka PLC, Serendib Hotels PLC, Dolphin Hotels PLC, Hotel Sigiriya PLC, LOLC Securities Limited and Palm Garden Hotels PLC. He also functions as Director of Brown & Company PLC, Browns Investments PLC, LOLC International (Private) Limited, LOLC Advanced Technologies (Private) Limited, LOLC Asia (Private) Limited (formerly LOLC Private Limited), LOLC Global (Private) Limited (Formerly LOLC Asia (Pvt) Ltd), Ceylon Graphene Technologies (Private) Limited, LOLC Africa Holdings (Private) Limited and Leapstitch Technologies (Private) Limited. He is also on many Boards of the subsidiaries of LOLC Group. 

Prior to coming on-board the LOLC Group, Mr. Kapila Jayawardena served as Country Head and CEO (Sri Lanka and Maldives) of Citibank NA from 1998 to 2007, along with being tasked with short assignments for Citibank in New York and Manila (Philippines). He has also served as Chairman of the Sri Lanka Banks’ Association (SLBA) in 2003/04; President of the American Chamber of Commerce in Sri Lanka in 2006/07; Member of the Financial Sector Reforms Committee (FSRC); Member of the National Council of Economic Development (NCED) and as Board Member of the United States - Sri Lanka Fulbright Commission. 

He holds an MBA in Financial Management and is a fellow member of the Institute of Bankers and an Associate Member of the Institute of Cost and Executive Accountants, London, UK.

Mrs. Kalsha Amarasinghe holds an Honours Degree in Economics and has an outstanding vision for investments.

Mrs Amarasinghe serves on the Boards and subsidiaries of LOLC Holdings PLC and Brown & Company PLC including LOLC Life Assurance Limited, Palm Garden Hotels PLC, Eden Hotel Lanka PLC, Browns Investments PLC, Serendib Hotels PLC, Hotel Sigiriya PLC, Dolphin Hotels PLC, Riverina Resorts (Pvt) Ltd, Green Paradise (Pvt) Ltd, P L Resorts Ltd, Browns Holdings Ltd, Sanctuary Resorts Lanka (Pvt) Ltd and Serendib Leisure Management Ltd.

Desamanya 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. Doctor of Letters (Honoris CAUSA) by the University of Westminster (UK) and the title of Honorary Senior Fellow by the Post Graduate Institute of Medicine. He is also “A Distinguished Fellow” of the institute of National Security Studies Sri Lanka. His career was in the then Ceylon Civil Service and later, on the abolition of that service in the Sri Lanka Administrative Service. He had a distinguished career in the public service and held several important posts, including that of the Secretary to the Prime Minister; Secretary, Ministry of Public Administration, Provincial Councils and Home Affairs; Secretary, Ministry of Agriculture, Food and Cooperatives & Secretary, Ministry of Education and Higher Education. 

He has also acted on several occasions in addition to his duties, in the post 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; Chairman of the - Agrarian Research and Training Institute; Chairman of the Public Sector Infrastructure Development Company; Chairman of the National Development Trust Fund, Chairman and Director General of Broadcasting; The Executive Vice Chairman - Sri Lanka National Commission for U. N. E. S. C. O. and Chairman of The National Eisenhower Award Nomination Committee on the Invitation of the Ambassador for the United States of America and Chairman S. W. R. D. Bandaranaike National Memorial Foundation Board which governs the B. M. I. C. H., the B. C. I. S. and The Sirimavo Bandaranaike Convention Hall.

He has also served on the Governing Councils or Boards of Management in several Universities and Post Graduate Institutes, including the council of the University of Colombo; the Board of Management of the Post Graduate Institute of Medicine; the University of Colombo School of Computing; the Council of the Buddhist and Pali University; The Board of Management of the Arthur C. Clarke Centre of the University of Moratuwa; the Post Graduate Institute of Archaeology of the University of Kelaniya and The Post Graduate Institute of Management of the University of Sri Jayawardanapura. He has been a Director at People’s Bank, the People’s Merchant Bank, Merc Bank and a Member of the Rural Credit Advisory Committee of the Central bank. He has also from time to time served on the Governing Boards of the National Institute of Plantation management; of The National Human Resource Development Council; The Ceylon Shipping Corporation; The Cooperative wholesale establishment, Sri Lanka film corporation; National Education commission; The Sri Lanka Foundation Institute; The National Committee on Women; The National Council for Elders; Mahapola Higher Education Scholarship Trust; The National Institute of Social Development; Member Board of Trustees of the Tower Hall Foundation; Member Advisory Committee on Regional Cooperation in Education in Asia and the Pacific appointed by the Secretary General of U. N. E. S. C. O; Governor for Sri Lanka on the Governing Board of the S. A. A. R. C. Centre for Human Resource Development - Islamabad, Pakistan. He led the Sri Lanka Delegation to the 51st E. S. C. A. P. meeting of ministers held in Bangkok, Thailand in 1995 and was elected a Vice President of the meeting in which role he chaired the ministerial meeting on occasion and was also elected as a member of the Credentials Committee.

He has also lead the Sri Lanka delegation to the Annual Sessions of U. N. E. S. C. O. in Paris and been a Senior member of delegations to the non aligned conference in Colombo and to ministerial meetings of agriculture at F. A. O. in Rome and of Commonwealth Education ministers in Barbados and Islamabad. He has also been either leader or Senior member of various official delegations on the subjects of ffood; agriculture; trade; education; and public administration and Governance for meetings held in the U. S. A., Britain, France, Germany, Sweden, Norway, Switzerland, Australia, India, Pakistan, China, Malaysia, Singapore, Thailand, Indonesia, Burma, The Philippines, Japan, Egypt, The Soviet Union, South Korea, Libya, Italy, Mexico, Barbados and Canada.

He has served as a Member of the National Salaries Commission; a Member of the Presidential Commission on Finance and Banking and has chaired three presidential committees-one to examine and report on the proposed mechanised gem mining in the Kalu Ganga; the other on the Functioning of the Survey Department, and the third on the Sri Lanka Foreign Service. He was a member of a Presidential committee tasked “To identify and study the problems of the university system and to make recommendations”. He was a member of a senior officials committee appointed by the Cabinet and Chaired by the Governor of the Central Bank tasked with producing a report on the overall subject of poverty alleviation. This report was termed the Janasaviya report and formed the basis for setting up the Janasaviya Trust.

He was a member and later Chairman of the Panel of Legal/Constitutional experts appointed by the President to serve the National All Party Conference on constitutional reform. He had served from time to time as Senior Adviser in the Ministry of Foreign Affairs; Science and Technology; Tourism; and Justice. Currently, he functions as the Chairman of the Board of Management of the Informatics Institute of Technology and serves on the Board of Directors of LOLC Holdings PLC; the Governing Board of the Regional Centre for Strategic Studies. He is also a member of the Academic Affairs Board for Post Graduate Studies of the Sri Lanka Institute of Development Administration (S.L.I.D.A); the Board of Management of the SANASA Campus; a Director of the Mercantile Merchant Bank/ Pathfinder Group and a member of the Board of Governors of Vidyodaya Pirivena - Maligakanda. Desamanya Pieris also lectures from time to time on invitation, at S.L.I.D.A.; the Defence Services Command and Staff College at Sapugaskanda; the Bandaranaike International Diplomatic Training Institute and the Kotelawala Defence University and at senior level training courses at various institutions.

He has delivered four convocation addresses, at the University of Colombo; Sri Jayawardenapura; Ruhuna and the Open University. He has, also on invitation delivered four National Memorial Orations the Lalith Athulathmudali Memorial Oration; the Sir Ponnambalam Arunachalam Memorial Oration: the Vidyajothi Professor V. K. Samaranayake Memorial Oration; and the Senator Dr. A. M. A. Azeez Memorial Oration, He has also been conferred the high National Honour of “Desamanya” for “Distinguished Service of a highly meritorious nature to the Nation”. He has written the foreword to several books authored by distinguished professionals in various fields and contributed articles to several commemoration publications including the 50th Anniversary commemoration volume of the University of Peradeniya and the Prime Minister Sirimavo Bandaranaike commemoration volume. He has recently written the Foreword to a limited edition Coffee Table Book entitled “A Pictorial Biography” of the world’s first woman Prime Minister, Sirimavo Bandaranayaike; and currently serves on a Presidential Committee to set up an international level “School of Public Policy and Governance”. He has published his memoirs of his experience in the public service of Sri Lanka in a book titled “In the pursuit of governance”.

Dr. Ravi Fernando is an alumni of the University of Cambridge having completed a Post Graduate Certificate in Sustainable Business in 2008 and a Master of Studies in Sustainability Leadership in 2014. He holds a Doctor of Business Administration Degree from the European Business School in Switzerland 2016. At the INSEAD Business School (France) he completed both a Diploma in International Management and the Advanced Management Programme. He is an Executive in Residence at the INSEAD Business School from 2010 to date. He has an MBA from the University of Colombo and is a Fellow of the Chartered Institute of Marketing (UK). In 2017, he created the ‘ILA Future Directors’ programme for the Institute of Directors of Luxembourg, which set the foundation for the ‘21st Century Board Leadership Model-MasterClass’. In 2010 he received a US Copyright for his work at Cambridge University for the concept of ‘Strategic Corporate Sustainability’. In November 2015, he published ‘Strategic Corporate Sustainability – 7 Imperatives for Sustainable Business’ (Partridge), based on his work at Cambridge University. In June 2020, he obtained a US Copyright for the ‘21st Century Board Leadership Model’. He also created the ‘21st Century Board Leadership Model – MasterClass’ with Raymond Schadeck of Luxembourg. 

He is the Chairman/CEO of Global Strategic Corporate Sustainability Pvt Ltd., which operates in Luxembourg and Sri Lanka. His career with multi-nationals spanned 1981-2007 with Unilever, Reckitt Benckiser, Smithkline Beecham International covering Africa, Middle East and Asia in CEO/Business Development positions. He was the first CEO of the Sri Lanka Institute of Nano Technology 2008-2011 and Operations Director of the Malaysia Blue Ocean Strategy Institute 2011- 2016. He was the UN Global Compact Focal point 2007-2011 and set up the UNGC Sri Lanka Network. He serves on the Sri Lanka Sustainable Development Council since February 2021.

He also serves on the Boards of MNC’s LOLC Holdings PLC, Dilmah Ceylon Tea Company PLC, Ceylon Graphene Technologies Ltd, Aitken Spence Plantations Ltd, Ceylon Asset Management and Global Strategic Corporate Sustainability Pvt Ltd. 

In September 2007 he won the ‘Global Strategy Leadership Award’, presented to him by Professor Renee Mauborgne of INSEAD at the World Strategy summit in Mumbai. In February 2020, he won the ‘World CSR Leadership Award’. In February 2023 he published ‘21st Century Leadership to fight the code red for business’ ArchwayPublishing USA.

Mr. Conrad Dias was appointed to the Board on 4th September 2019 and he is also the Chairman of LOLC Finance PLC. He holds a Masters in Business Administration (MBA) from University of Leicester UK, Fellow Member of Chartered Management Accountants UK (FCMA) & Chartered Global Management Accountants (CGMA-USA). He is also a Fellow of Certified Management Accountants of Sri Lanka (FCMA), and British Computer Society (FBCS). 

His experience spans close to three decades and as a visionary thought leader in business technology and his C-Level experience spans over 20+ years.

He is a fintech enthusiast who innovated many financial technology products, solutions and he is the founder of iPay, a revolutionary platform beyond payments and founder of OYES, another fintech platform that makes everyday a payday. 

His thought leadership on technology and contribution in the field of ICT to the industry, society and in LOLC Group has been recognised by many local and international awards including the prestigious Computer Society of Sri Lanka CIO of the year 2016. He was also awarded the Professional Excellence Award 2017 at the event organised by the Institute of Certified Management of Accountants Sri Lanka. Further he was selected as one of the 11 inductees of the Global CIO Hall of Fame 2020 and CIO 100 honoree for year 2020, the only Sri Lankan to get this accolade and also the CIMA top 50 ICONS in the year 2021. 


Mr. I C Nanayakkara

Deputy Chairman



Group Managing Director/Chief Executive Officer



Executive Director



Senior Independent Director



Independent Director



Non-Executive Director