Gamini Senarath appointed Chairman of the Board of People’s Leasing & Finance

Monday, 4 March 2013 00:00 - - {{hitsCtrl.values.hits}}

People’s Leasing & Finance PLC proudly announced the appointment of Gamini Senarath as the Chairman (Non-Independent, Non-Executive Director) of the Board with effect from 28 February 2013. A well reputed officer of the Sri Lanka Administrative Service, Senarath is well poised to lead the country’s largest non-banking financial institution and the leader in leasing.

Commenting on his new appointment, Senarath said: “I am delighted at the challenge to lead this dynamic organisation as the Chairman of the Board. People’s Leasing & Finance PLC, the leader in leasing in Sri Lanka, is poised at the forefront of the financial services sector and is working hard to set new paradigms in the industry. I hope to build and add value to the existing brand while working to ensure that the company rises to the challenges ahead of us.”

A graduate of the University of Kelaniya, Senarath joined the Sri Lanka Administrative Service in 1984 as an assistant government agent. He has also served in the capacity of Assistant Controller and Deputy Controller of the Department of Immigration and Emigration, Senior Assistant Secretary to the Ministry of Transport and Civil Aviation and the Commissioner General of Motor Traffic.

Senerath was appointed as the Chief of Staff to the President in 2009, after a successful tenure as the Additional Secretary to the Prime Minister and as an Additional Secretary to the President. He was the former Chairman of the Sri Lanka Insurance Corporation and currently holds the post of the Chairman of People’s Bank, Litro Gas Lanka, LitroGas Terminals Lanka and Sri Lanka Insurance Resorts & Spas.

Founded in 1995, People’s Leasing & Finance (PLC) is Sri Lanka’s unshakable leader in the leasing sector. In the past 16 years, People’s Leasing has built an extraordinary tradition of excellence in all spheres of leasing and is now the established market leader. PLC’s customers range from individuals to SMEs to blue chip companies in every corner of the island.

The company has contributed immensely to the country’s economic growth and the quality of life of millions of Sri Lankans. The People’s Leasing Group has diversified to include six subsidiaries, united under PLC’s name. Customers can now obtain insurance, finance, microfinance and fleet management services under one roof. PLC’s user-friendly product range, nationwide outreach and strong foundation of talented management and staff have made the company immensely profitable.

The company is now a major contributor to the success of its parent company, People’s Bank. As a subsidiary of People’s Bank, the group enjoys the strength and recognition of its parent and the flexibility of the private sector. PLC currently holds a stable outlook with international and local ratings. Ratings as of now stand at Fitch Ratings International (‘B+’ Rating), Standard & Poor’s (‘B+/B” Rating) and Fitch Lanka ‘AA-(lka)’.