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Tuesday, 28 April 2015 01:00 - - {{hitsCtrl.values.hits}}
PCH Holdings PLC appointed three new Directors onto its Board on 24 April: Ajita Mahes Pasqual as Executive Chairman, Deshabandu Dr. Ali Gulamhusein as Executive Director, and Dinesh Renganathan as Non-Executive Director.
“As recognised figures of the financial sector, both Pasqual and Renganathan can benefit PCH Holdings with their expertise and insight,” a company spokesperson stated.
The Board of Directors amended the Articles of Association to increase the maximum number of directors from seven to 10, to allow for a greater diversity of professionals on the board.
Pasqual has 31 years of experience in the banking sector with over 22 years in senior management
positions with HSBC in corporate banking, trade finance and treasury. He held the positions of Director, General Manager, and CEO in Seylan Bank PLC from January 2004 to December 2012.
Renganathan is a career banker with over 40 years of experience, including 25 years of management experience with one of the top 25 banks in the world, the National Bank of Abu Dhabi. Whilst being retired, he continues to be retained by the bank in a consultative capacity.
Dr. Gulamhusein is the Chairman of Adam Investments PLC, the holding company of PCH Holdings PLC. He holds a PhD from Tokyo, Japan and a Degree from King’s College London, UK.
In a further disclosure, PCHH stated that the company, under the existing provisions of the Central Bank, has resolved to incorporate a fully-owned subsidiary for the purpose of operating a micro finance business in Sri Lanka. The company has also resolved to act as a placement agent for foreign funds, looking to invest in the Sri Lankan Government and corporate debt market.
