Four Taprobane Holdings nominees join ERI Board

Thursday, 24 January 2013 00:56 - - {{hitsCtrl.values.hits}}

Taprobane Holdings Plc (TAP), which recently acquired a 29% stake in Environment Resources Investment Plc, has appointed four nominees to the company’s Board.

They are Ajith Devasurendra (Non-Executive Director), Kamantha Amarasekera (Independent Non-Executive Director), A.G. Weerasinghe (Non-Executive Director), and Ruwan Sugathadasa (Non-Executive Director).

ERI said that its Board of Directors at a meeting held on l6 January 2013 resolved to make the new appointments.

Davasurendra is a veteran in the financial services industry in Sri Lanka and counts more than 28 years of work experience, both in Sri Lanka and overseas. As one of the pioneers in money broking and government securities markets, he was able to bring new dimensions to the local money market industry. He is a past President of Sri Lanka Money Brokers Association and also the first President of Sri Lanka Primary Dealers Association. Apart from the above, he acted as consultant to Price Waterhouse Coopers, Bombay, India on a USAID project.

At present he is a Director of Seylan Bank PLC, Deputy Chairman of Brown and Company PLC, and Deputy Chairman of Taprobane Holdings Ltd. and participates in the boards of many renowned companies. He is also in many committees that focus on the development of the financial markets in Sri Lanka. Weerasinghe is a fellow of the Institute of Bankers, Sri Lanka, and also holds a B. A. in Economics from the University of Ceylon, Peradeniya. He is an experienced Senior Banker who served the Board of Pan Asia Banking Corporation PLC as a Director from 2005 and he is the immediate past Chairman of Pan Asia Banking Corporation PLC. Weerasinghe served as an Assistant Lecturer in Economics, University of Ceylon Peradeniya.

Weerasinghe was a former Deputy General Manager Corporate Banking at Bank of Ceylon. He has served as the Country Manager of Bank of Ceylon, London, and Deputy General Manager International at Seylan Bank. He was also a former President of Sri Lanka FOREX Association. Currently he serves on the Board of Taprobane Holdings Ltd.Amarasekera is a member of the Institute of Chartered Accountants of Sri Lanka and is an Attorney-at-law of the Supreme Court of Sri Lanka. He also holds a degree in Business Administration from the University of Sri Jayawardenapura and began his career in the year 1998. Amarasekera is an eminent Tax Consultant and the Senior Tax and Legal Partner of Amarasekera & Company, a leading tax consultancy firm in the country. Sugathadasa possesses over 16 years of experience in government and corporate debt market including over 10 years in senior management capacity at First Capital Treasuries Ltd., a Central Bank appointed Primary Dealer. He was also involved in money brokering, corporate debt placement and asset management. He currently he serves as a General Manager of Taprobane Holdings Ltd. At present he is a Director of Browns Investments PLC, Free Lanka Capital Ltd., and Samudra Beach Resorts Ltd.