Kanrich Finance appoints ex-UNESCAP Director Dr. Ratnayake as new Chairman

As part of a comprehensive restructuring, Dr. Ravi Ratnayake, a former Chief Economist and Director of Trade and Investment of UNESCAP, has been appointed as the Chairman/Director of Kanrich Finance Ltd. 

This is the first time in the history of the financial sector in Sri Lanka where a senior and experienced former UN official joined as the head of a financial company.

Dr. Ratnayake is a renowned international economist with over 35 years of experience in international trade, investment, and business. He was an economic advisor to many developing countries including Sri Lanka. He was a consultant to the World Bank, United Nations, ADB, USAID, and a Professor/Senior Lecturer in Economics, Korea University, and the University of Auckland. He authored many publications in economics. He was also a Director at the Ministry of Finance, Sri Lanka. 

Dr. Ratnayake brings tremendous experience and international exposure to Kanrich in enhancing its efforts to revive the company as a respectable and profitable finance company. Given his UN background, he is expected to turn Kanrich into a company with improved governance and also to be a socially responsible business entity, contributing to achievements of Sustainable Development Goals of United Nations, including through CSR projects.

“Under Dr. Ratnayake’s leadership and a new Board of Directors, we started a new journey with a new business strategy towards stability, profitability, and sustainable growth,” Kanrich CEO Shiran Weerasinghe said.

“We are sure that we can successfully come out of the COVID crisis and bring back past glory that we enjoyed before,” he added.

The other new directors are Chartered Accountant Buddhika Senanayake and Fellow Chartered Marketer Eranda Godage. 

Kanrich Finance Ltd. is a finance company, licensed by the Monetary Board of Sri Lanka, which operates in 33 locations islandwide. KFL celebrates its proud 50th anniversary in October this year and eagerly looks forward to stepping into a new era of business that ensures the security and interest of customers, depositors, and investors with full regulatory compliance.