Mayura quits, Nalin to be new CEO at Softlogic Finance

Softlogic Finance Plc’s CEO and Director Mayura Fernando has given notice with effect from 31 January and will be succeeded by Deputy CEO Nalin Wijekoon.

The latter currently sits on the Board as well and the CEO appointment is from 1 February.

Deputy General Manager – Operations Shihan Nanayakkara will be appointed as the Chief Operating Officer from 1 February.

All new appointments are subject to Central Bank approval.

Recently the Company announced that Netherland’s FMO has approved the granting of $ 10 million loan, of which $ 6 million will be a senior loan and $ 4 million as unsecured convertible subordinated loan.

Mayura is a Fellow Member of the Institute of Chartered Accountants of Sri Lanka and a Fellow member of the Chartered Institute of Management Accountants of UK. He holds a Bachelor of Science (Applied Science) degree from University of Sri Jayawardenapura. He started his professional career at KPMG Ford Rhodes Thornton & Company and was a partner of the fi rm. He has extensive experience in financial services, holding many senior positions at Vanik and Forbes Ceylon Group. He also functioned as the Group Finance Director of Confifi Group and joined Virtusa (An Information Technology Company based in Boston USA) as its Director

Finance Asian Region. He was responsible for the finance function of the  subsidiaries in India and Sri Lanka.

Nalin is a Fellow Member of Chartered Institute of Management Accountants, London and Associate Member of the Institute of Chartered Accountants of Sri Lanka and Finalist of the Institute of Bankers (Sri Lanka). He worked at Peoples’ Bank as a Finance Officer from 1978 to 1990. He then joined KPMG Ford Rhodes Thornton as the Branch Manager, Kandy, in 1990 and joined DFCC as a Project Officer in 1992. He joined Vanik Incorporation Ltd as Asst. Vice President - Finance in 1994. He has undergone numerous training programs in Sri Lanka and overseas, including training in Harvard University, Boston, USA. He counts for more than 25 years of experience in the financial sector.

Shihan Nanayakkara holds a MBA from Post Graduate Institute of Management (University of Sri Jayewardhanapura) and an Associate of Institute of Bankers, Sri Lanka.  

Shihan commenced his banking career in 1992 at Seylan Bank Ltd and has been involved in Credit Monitoring, Branch Credit, Leasing and Margin Trading. He joined Nations Trust Bank in May 2000 and was the Senior Manager Credit Risk, managing the Retail, Corporate and SME portfolios and also was involved in formulating policies and procedures and overseeing the recovery functions of the bank. Subsequently he joined ICICI Bank in September 2006 as the Senior Manager Retail Credit and later became the Head of Retail Banking overlooking the Retail Assets and Liability functions of the bank. He counts over 20 years experience in the financial services sector.