Kapila Jayawardena appointed Seylan Bank Deputy Chairman

The Seylan Bank Board of Directors has appointed its Non-Executive Director and LOLC Group Managing Director/CEO Kapila Jayawardena as Deputy Chairman of the Board with effect from 10 September, according to a CSE filing. 

Jayawardena holds a MBA in Financial Management and is a fellow member of the Institute of Bankers and an Associate Member of the Institute of Cost and Executive Accountants, London. He served as Country Head and CEO (Sri Lanka and Maldives) of Citibank NA from 1998 to 2007. 

Jayawardena joined LOLC in 2007 as the Group Managing Director/CEO of LOLC Group and is also the Chairman/Director of Eden Hotel Lanka PLC, LOLC General Insurance Ltd., LOLC Securities Ltd., Palm Garden Hotels PLC, Browns Capital PLC, Director Seylan Bank PLC, BRAC Lanka Finance PLC, Brown and Company PLC, Riverina Resorts Ltd., LOLC International Ltd., Browns Investments PLC, Browns Advanced Technologies Ltd., LOLC Asia Ltd., LOLC Private Ltd., and Ceylon Ltd.

Moreover, he also serves on the Boards of the subsidiaries of the LOLC Group. 

Jayawardena will represent the material shareholders of Seylan Bank, Brown and Company PLC and LOLC Investments Ltd. 

LOLC Investments currently owns 9.55%, and Brown and Company owns 13.87% of the voting shares of the bank. In addition, Lanka ORIX Leasing Company PLC has 43.93% interest in the non-voting shares.