MBSL appoints new CEO

Merchant Bank of Sri Lanka and Finance PLC has announced the appointment of H.K.D.W.M. Dammika Kumara Hapuhinna as its new CEO with effect from 1 June. 

Dammika Hapuhinna has over 29 years of progressive experience in leasing and banking industries. 

He started his banking career at Seylan Bank PLC. In 2005 he moved to the non-banking financial sector in Saudi Arabia where he joined Saudi ORIX Leasing Company, the first specialised leasing company in Saudi Arabia and the first non-bank financial institution in the Kingdom. He played a key role in promoting lease financing in the Saudi Arabia. He was also a pioneering member of the Nations Trust Banks in-store banking concept. 

He holds a Master of Business Administration from University of Wales and an Executive Diploma in Business Administration from University of Colombo. He has held several leadership positions in leading finance companies in Saudi Arabia. He was also the architect instrumental for setting up a new finance company from the ground up as their Head of Operations. 

With his experience in banking and finance, he has gained exposure and expertise in retail banking, credit banking operations, lease financing, consumer finance, real estate finance, leasing operations, receivable management, product development, risk management and consumer protection.

MBSL also said Acting CEO G.M.J.A.R. Gamalath would revert to his substantive position as Deputy General Manager – Marketing and Product Development with effect from 1 June.