Softlogic Finance appoints two new Non-Executive Independent Directors

Softlogic Finance PLC has announced the appointment of two Non-Executive Independent Directors – Manika Fernando and Dinesh P. Renganathan – to its Board.

Fernando is holds an MBA from the University of Georgia, USA, and a Fellow of the Institute of Chartered Accountants of Sri Lanka. He has over 40 years of management experience in Sri Lanka and overseas, and has held senior management positions in the banking/financial services sector and commercial establishments. 

He has management consultancy experience with banks, finance companies (NBFI) and commercial firms in strategic planning, restructuring, acquisitions, new investment advisory, etc.

He served as the Vice President – Organisational Development and Vice President – SME Banking at NDB Bank; and as the Assistant Vice President – Strategic Planning and Financial Reporting at Mashreq Bank, Dubai. 

He is an MBA programme lecturer in Strategic Management at the University of Colombo, University of Derby, and University of Northampton. He has also handled several other lecturing assignments in Sri Lanka and Dubai.

He currently functions as the Joint Managing Director of the Pership Group, Colombo.

Renganathan is a career banker, and his banking career is spread over 40 years, with eight years at ANZ Grindlays Bank in Sri Lanka and in the UAE, with two national banks: the National Bank of Umm AI Qaiwain (five years) and the National Bank of Abu Dhabi – NBAD (30 years).

He has had exposure to all aspects of banking and finance at the senior management level through NBAD, with specialised skills in credit and risk management, and corporate and international banking, the highlights of which are as follows.

He also holds 20 years of senior management experience in domestic and international advances and risk management culminating in his position as SVP and Assistant General Manager; Global Head of International Advances and Credit Risk with individual and credit committee discretionary powers; and Locum for General Manager – Chief Risk Officer; and Area Manager – International Banking Division. 

He has developed procedures and processes and established a leasing company for the bank, which now operates as a subsidiary.

With the latest appointments, the Board of Softlogic Finance PLC comprises Aaron Russel (Chairman), Chris Corea, Dushan Soza, Haresh Kaimal, Nilantha Bastian, Manika Fernando, and Dinesh P. Renganathan.