Mohan joins UB Finance Board

Mohan J. Ratnayake has been appointed as an Independent Non-Executive Director on the Board of UB Finance Plc.

He fills the vacancy created by the resignation of Lisa G. Thomas.

Ratnayake is a fellow member of the Chartered Institute of Management Accountants UK and has read for an MBA. He was the Chairman of the Committee which issued Sri Lanka’s first internationally listed USD Bond by a corporate entity for Sri Lanka Telecom PLC (SLT), which traded on the Singapore Stock Exchange, for the expansion of SLT and Mobitel. This was when the sovereign had not been rated by International Rating Agencies. 

Ratnayake currently serves as the Managing Director of Colonial Motors Ceylon Ltd. and as the Chairman of Lanka Reality Investment PLC. He is also an Independent Non-Executive Director of ACL Plastics PLC. Ratnayake serves on several Boards and Chairs Audit Committees and other Statutory Committees. 

He has served on the Board of a State owned entity in the Export Sector and has expertise in the fields of tea exports, tea plantations, telecommunications and the motor industry. He held the position of Deputy Chairman of a listed Financial Institute falling under the purview of the Central Bank of Sri Lanka.

With the latest changes, the Board of UB Finance Plc comprises Chairman M. Mukherjee, Director/CEO R. Karunaratne, H.S. Ghouse, M. Balendra, J. Setukavalar, S. Pohkrel and M.J. Ratnayake.