People’s Leasing & Finance PLC (PLC), a leading non-bank financial services institution and a subsidiary of People’s Bank, has announced the appointment of Sanjeewa Bandaranayake as its new Chief Executive Officer (CEO) and General Manager (GM), effective August 6, 2024. This appointment has received the approval of the Central Bank of Sri Lanka.
Bandaranayake, who has over 36 years of experience in the financial sector, including 31 years in the non-banking financial institution (NBFI) sector, joined People’s Leasing & Finance PLC in 2007 as Deputy General Manager of Finance and Administration. His strategic leadership has been pivotal in various functions including finance, treasury, administration, human resources, information technology, credit, and marketing. His contributions have been instrumental in maintaining the company’s leadership position in the NBFI sector for 15 consecutive years.
A Fellow of the Institute of Chartered Accountants of Sri Lanka, the Institute of Certified Management Accountants of Australia, and the Society of Certified Management Accountants of Sri Lanka, Bandaranayake is also a finalist of the Chartered Institute of Management Accountants (UK). His expertise was recognized by the Central Bank of Sri Lanka, which appointed him as the acting CEO to restructure and revitalize three distressed finance companies in 2009, 2013, and 2015.
Bandaranayake has served as a Director of the Credit Information Bureau (CRIB) for over a decade and has been the Chairman of the Leasing Association twice, with over 10 years on the board. He has also been a Board Member of the Finance House Association. His extensive experience and proven track record are expected to further strengthen People’s Leasing & Finance PLC’s leadership and drive future growth.