Page 13 - UBF AR 2018 - E Version

MR. INDRAJIT WICKRAMASINGHE
Non-Independent Non-Executive Director
Mr. Indrajit Wickramasinghe was appointed as a Non-
Executive Director of UB Finance in December 2014.
He counts over 25 years of Management Experience
having worked in the financial and consumer sectors
in both local and multinational companies. He holds a
Masters Degree in Business Administration (MBA) from
the University of Sri Jayawardenapura, is a Fellow
Member of the Chartered Institute of Marketing UK, a
Chartered Marketer, a Member of the Association of
the Professional Bankers and a member of the Oxford
Business Alumni, University of Oxford.
Mr. Wickramasinghe serves as the Director / Chief
Executive Officer of Union Bank of Colombo PLC and is a
Non-Executive Director of National Asset Management
Limited (NAMAL). Prior to his appointments at the
Union Bank Group, he served as the Chief Operating
Officer of NDB Bank PLC where he was responsible for
all business areas including Retail Banking, Corporate
Banking, SME Banking and Project Finance. Prior to
that, he held positions as Vice President looking after
functions such as HR, Marketing and seven years
heading Retail Banking. Mr. Wickramasinghe was also
a Non-Executive Director of Eagle Insurance/Aviva NDB
Insurance, NDB Capital Holdings PLC, NDB Securities
(Pvt) Ltd, Development Holdings (Pvt) Ltd and the
Credit Information Bureau of Sri Lanka.
MR. CHANDRAKUMAR RAMACHANDRA
Independent Non-Executive Director
Mr. Chandrakumar Ramachandra was appointed as an
Alternate Director to Mr. Davis Golding in October 2013
& was re-appointed to the Board in March 2014 as an
Independent Non-Executive Director. He is a Fellow
Member of the Institute of Chartered Accountants
of Sri Lanka (ICASL). He counts over four decades of
post qualifying experience both locally and overseas
specialising in the fields of auditing, tea exports,
financial services and packaging. He served as a Partner experience and has an exemplary track record in the
of M/s. Hulugalle, Samarasinghe & Co. and later joined
Lipton Ceylon Ltd where he was the Chief Accountant /
Company Secretary at the time of leaving.
During this period he also served at the Head Office
of Lipton, UK. He also held several key positions in
various reputed business entities such as Commercial
Bank of Ceylon's Fund Management Co. and Varna Ltd.
Mr. Ramachandra served as a Non Executive Director
of Sathosa Retail Ltd. In November 2004 he took up
appointment as the Chief Financial Officer of the Uni
Walkers Group. In early 2005 he was appointed to
the Board of Uni Walker Packaging Ltd a post he held
until early 2015. He also served as an independent
Director on the Board of several Capital Reach Group
Companies.
He is the Chairman of Asia Asset Finance PLC & Director
of N. Vaitilingam & Co (Pvt) Ltd. He is currently the
competent Authority of Hotel Developers PLC,
Annual Report 2018
the owning company of the Hilton Colombo. Mr.
Ramachandra is a past President of the Chartered
Accountants Students Society of Sri Lanka and is
a double prize winner in Accounts at the exams
conducted by the ICASL, in 1972 and 1974. He was also
a CIMA Accounts World Prize winner in 1976.
MR. MALINDA SAMARATUNGA
Non-Independent Non-Executive Director
Mr. Malinda Samaratunga was appointed as a Non-
Executive Director to the Board at the acquisition of
the Company in November 2011. He is a Fellow Member
of the Certified Management Accountants, Sri Lanka
and an Associate Member of the Chartered Institute of
Management Accountants, UK. He holds a Bachelor of
Science (BSc) degree from the University of Colombo
and a Master of Business Administration (MBA) from
the University of Colombo.
Mr Samaratunga counts over two decades of extensive
experience in finance & management in the banking &
financial sectors. He currently functions in the capacity
of the Chief Financial Officer of Union Bank of Colombo
PLC, the Parent Company and prior to joining the Bank
he was the the Assistant General Manager - Finance of
Commercial Leasing Co. Ltd. for almost a decade.
MR. RANSITH KARUNARATNE
Non-Independent Executive Director /
Chief Executive Officer
Mr. Ransith Karunaratne took over as the Chief
Executive Officer of UB Finance in November 2012
and was appointed to the Board of Directors in March
2014. He is a Fellow Member of the Chartered Institute
of Management Accountants - FCMA (UK) and holds
a Master‟ Degree in Business Administration (MBA)
from the Postgraduate Institute of Management (PIM),
University of Sri Jayewardenepura.
Mr. Karunaratne counts almost two decades of
financial services sector, having successfully launched,
grown and managed high quality and profitable credit
portfolios. He specializes in the area of Factoring.
He has been the driving force behind restructuring,
rebranding and re-launching of the Company.
He was previously employed by LB Finance PLC in
the capacity of Deputy General Manager – Corporate
Lending, Factoring & Investments. He also functioned in
the capacity of Assistant General Manager – Factoring
at Commercial Leasing and Finance PLC and Portfolio
Manager at Mercantile Leasing Ltd. which was later
acquired by Nations Trust Bank. He is also involved in
several social and community alleviation projects and
serves on the Board of the Lanka Evangelical Alliance
Development Service (LEADS).
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