Saturday Nov 16, 2024
Saturday Nov 16, 2024
Friday, 17 January 2014 00:00 - - {{hitsCtrl.values.hits}}
RAM which was the pioneering and the largest domestic credit rating agency in Malaysia was instrumental in uplifting the domestic bond market in Malaysia through market education and long term commitment with technical assistance and training obtained through Standard & Poor’s which is the world’s largest credit rating agency. With the intention of increasing its collaboration further, S&P entered into an equity partnership and increased its investment in RAM to 8.2% in 2013.
Considering the similarities between Sri Lanka and Malaysia, RAM set up operations in Sri Lanka in 2003. After obtaining the ECAI status for BASEL II, RAML has increased its market share coupled with market education, in 2009 in order to bring in better perspective and guidance to the company, RAML then appointed two Sri Lankan Directors, Preethi Jayawardena and Priyanthi Liyanage.
Taking this process further as per the long term plan of the group in order to give more local perspective to the company RAML has strengthened the local Board, with the new appointments of Adrian Perera as the Managing Director/CEO and Jayantha Perera as Director. Preethi Jayawardena was appointed as the new Chairman of the company.
"RAML has strengthened the local Board, with the new appointments of Adrian Perera as the Managing Director/CEO and Jayantha Perera as Director. Priyanthi Liyanage, BA (Hon) AIB, who was an Assistant Governor of the Central Bank of Sri Lanka and who is currently functioning as the Chairperson of Lanka Clear Ltd., continues as a Director of the Board"
Preethi Jayawardena FCA, counts close to 35 years post-qualifying experience both locally and overseas, in many senior positions specialising in finance and treasury operations. He is a Chartered Accountant by profession and served as the Managing Director/CEO of Chemanex PLC. He is also a Non-Executive Director of CIC PLC, Commercial Bank PLC and serves in many other public and private companies. He is also the Chairman of The Finance Company PLC. He is a member of the Monetary Policy Consultative Committee of the Central Bank of Sri Lanka.
Jayantha Perera FCIB counts for over 40 years of banking and finance experience at local and international level. He is a well experienced banker in the international, corporate and business development arena. He is a fellow of the Chartered Institute of Bankers (UK) and has served on the Boards of Credit Information Bureau, Acuity Partners, HNB Assurance PLC, Lanka Ventures and Acuity Stock Brokers and Securities.
Adrian Perera MBA, FCMA (UK) FCCA, AIB, counts for over 25 years experience in banking, treasury, finance, IT and general management in the banking, finance and manufacturing sectors. He started his career at Hatton National Bank before taking the post as Chief Executive Officer of RAM Rating Lanka Ltd in June 2009. He is also a member of the CEO Council of Association of Credit Rating Agencies Asia which was formed by the Asian Development Bank and has a membership in 33 Rating Agencies in Asia spanning over 15 countries. He is also a council member of ACCA Sri Lanka and CMA Sri Lanka. He has attended many training programs conducted in Sri Lanka and overseas.
Priyanthi Liyanage, BA(Hon) AIB, who was an Assistant Governor of the Central Bank of Sri Lanka and who is currently functioning as the Chairperson of Lanka Clear Ltd., continues as a Director of the Board.
