Divasa Finance appoints two new Directors

Rapidly expanding, Divasa Finance Limited recently announced the appointment of Prof. Arjuna De Silva and Mr. Vasula Premawardhana as non-executive directors of the company.

Prof. Arjuna De Silva (MBBS, MD, MSc [Oxon], FRCP [Lond], FCCP) is a professor in medicine at the Faculty of Medicine, University of Kelaniya Sri Lanka. He obtained the MRCP (UK) in 2000, the MSc from the University of Oxford in 2001, the FCCP in 2009 and FRCP (London) in 2010. The Clinical Co-ordinator in the Faculty of Medicine, University of Kelaniya, he is also a trainer in Gastroenterology in Sri Lanka. He is also a winner of the Presidential research awards in 2003, 2006 and 2010, the E. M. Weijerama prize in 2010, the Rajasooriya award in 2003 and 2010 and the Vice Chancellors award in 2010. He was recently appointed the Director General of the Sports Medical Unit of the Ministry of Sports.

Vasula Premawardhana is an accomplished professional with over 15 years of comprehensive management experience comprising local and international hands-on financial sector experience gained across the spectrum as a Stock/Derivatives Broker, Financial Analyst, Fund Manager, and Financial Markets Regulator. He is currently the Managing Director of First Derivatives Capital and a former Director of the Securities and Exchange Commission of Sri Lanka.  He holds a MA in Financial Economics from the University of Colombo, and a BSc in Computer Science from the University of Southern California.

The board directors, whose diverse backgrounds include banking, finance, legal, insurance, communications, fund management and leisure have together with the dynamic management team, harnessed their different disciplines to ensure profitable solutions for customers and consistent growth for the company.

Originally focusing on the Leasing / Hire Purchase business, the company has expanded its portfolio of solutions in to include short term trade finance, medium term finance loans, trade bills and cheques discounting and margin trading facilities. The company is also authorized by the Central Bank of Sri Lanka to accept fixed deposits from the public and has also diversified into residential real estate solutions.  Divasa recently received a BB- rating from RAM Ratings Lanka Limited and also has plans to seek listing on the Colombo Stock Exchange in the near future.