Ramanan appointed MD/CEO at People’s Merchant Finance

Friday, 31 January 2014 01:11 - - {{hitsCtrl.values.hits}}

Industry professional G. Ramanan has been confirmed as the Managing Director/CEO of People’s Merchant Finance PLC with effect from 28 January. Previously he was acting in the capacity of MD/CEO since April 2013 following the following the resignation of former CEO Dr. Chandrasena Samarasinghe. The appointment has been made at People’s Merchant Finance Board Meeting on 28 January. People’s Bank holds a 26% stake in the company along with 13% stake by People’s Leasing. Ramanan also has a personal holding of 9.6% as of September 2013. Ramanan is an experienced corporate finance professional who counts over 18 years of experience in insurance, banking, fund management, portfolio management, investment banking and corporate finance. He presently serves as the Managing Director and CEO of Capital Trust Financial and Capital Trust Wealth Management. Ramanan also served as Chief Executive Officer of HNB Securities, Head of Investment Banking of HNB and the Founder and Managing partner of Leopard Capital Sri Lanka. Ramanan is a CFA holder, an associate member of the Chartered Institute of Management Accountants (UK) and also holds a MBA from the University of Chicago – Booth School of Business in addition to being selected as the “CIMA Manager of the Year” in 2007. The Board of Directors of People’s Merchant Finance are comprises of P. Kudabalage (Chairman) G. Ramanan (Managing Director/CEO), J.P. Amaratunga, T. Wickramasinghe, A.P. Weerasinghe, M.M.S.K. Rajapakse, S.V. Amarasekara, N.C. Peiris and S.M.L.K. Sangakkara.