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Senaka Kakiriwaragodage will take over as Acting CEO of NDB Capital Holdings Ltd., the investment banking cluster of National Development Bank Plc.
He is also the Managing Director of NDB Zephyr Partners Lanka Ltd., the management company of Emerald Sri Lanka Fund I Ltd., a private equity fund dedicated for Sri Lanka. He functions as a director of several portfolio companies of the Fund.
Kakiriwaragodage possesses wide-ranging experience in investment banking activities such as IPOs, debt and equity placements, mergers and acquisitions, corporate restructurings, advisory services and project financing. Prior to joining the NDB Group, he served as an Engineer at Virtusa Ltd.
Kakiriwaragodage holds a B.Sc. First Class Degree in Computer Science and Engineering from the University of Moratuwa and a MBA from the University of Manchester, UK. He is also a fellow member of the Chartered Institute of Management Accountants, UK, a Chartered Global Management Accountant (CGMA) and a CFA charter-holder. He served as a member of CIMA Sri Lanka Board and was a council member of CFA Sri Lanka.
Kakiriwaragodage has been a CIMA lecturer and a visiting faculty member for Postgraduate Institute of Management, University of Sri Jayewardenepura. In addition, he has conducted several corporate training programs organised by Sri Lanka Institute of Directors and Central Bank of Sri Lanka.
NDB Capital Holdings Ltd. (NCAP), formerly known as Capital Development and Investment Company PLC (CDIC), was formed in 1983 as a venture capital company. CDIC was subsequently listed on the Main Board of the Colombo Stock Exchange in 1996. Following a restructuring within the NDB Group in mid-2012, CDIC was transformed into a full service investment bank and rebranded as NDB Capital Holdings PLC. Subsequently, the company was de-listed in 2015 after the introduction of minimum public float rules.
National Development Bank PLC, the fourth largest private bank in the Sri Lanka, is the parent company of NCAP. NCAP and its subsidiaries form the Investment Banking Cluster of NDB Group. The only financial service conglomerate in Sri Lanka, NDB Group is uniquely positioned towards assisting the growth and development of the Sri Lankan capital market provide its customers seamless access to the product and service offerings of all its group companies.
NCAP is one of the leading players that offer a full gamut of investment banking and wealth management services in Sri Lanka. NCAP holds a complementary business portfolio of fee based and fund based investment banking, wealth management, managing private equity and stock broking.
NCAP takes direct participation in fund based operations including but not limited to investments in listed equities, private equity, fixed income securities and structured debt and equity investments.