Two new Directors appointed to People’s Insurance Board

Shamindra Marcelline

Rohan Tennakoon

People's Insurance PLC has announced the appointment of Shamindra Joseph Marcus Marcelline and Rohan Merino Adrian Tennakoon as Non-Independent Non-Executive Directors to its Board.

Marcelline serves as the Chief Executive Officer/General Manager of People’s Leasing & Finance PLC, Director of People’s Leasing Fleet Management Ltd., People’s Leasing Property Development Ltd., People’s Leasing Havelock Properties Ltd., People’s MicroCommerce Ltd. and Lankan Alliance Finance Ltd. – Bangladesh.

Tennakoon is presently serving as the Deputy General Manager – Risk and Control of People’s Leasing and Finance PLC.

Marcelline is an experienced banker with local and foreign bank exposure in addition to working overseas for the HSBC Group and brings with him unique industry insights so as to contribute towards the strategic direction of the company.

At OFCC, he spearheaded the bank’s Corporate Banking strategic initiatives across the country and in overseas markets. In October 2019, he played a key role in securing the mandate for Sole Adviser and Structuring Bank for a Dual Tranche Bi-lateral Loan Facility for a leading Maldivian company, recognised as the largest ever loan facility given by DFCC Bank Sri Lanka.

As a member of the bank’s Executive Committee, Asset and Liability Committee and Operational Risk Management Committee, Marcelline played a strategic role in harnessing the bank’s corporate initiatives. He joined DFCC Bank following a cross posting, as the Country Manager, Maldives, by the HSBC Group.

He is credited with the transformation of the banking industry in the Maldives and he was responsible for the largest asset drive in the islands at the time. Under his stewardship, the development, performance and growth of the commercial and global banking business consisting of corporate real estate, international subsidiary banking and public sector areas, grew into a formidable wholesale banking initiative. It included P&L responsibility and he successfully oversaw a team of Relationship and Product Managers, enabling the Bank to build and sustain strategic relationships with key stakeholders and business leaders.

He also headed the Financial Institutions Group and Public Sector for HSBC Sri Lanka and Maldives before joining the OFCC Bank.

Marcelline graduated from the Colombo International School in Sri Lanka in 1993. He holds a Degree in Economics and Accountancy (BSc.) from City University (1996), London (UK) and also in Financial Advisors’ International Qualification (FAIQ), Chartered Insurance Institute, UK (2008).

Tennakoon has served in People’s Leasing & Finance PLC for over 23 years in various capacities and counts over 29 years of experience in many diversified fields such as accounting, travel trade, manufacturing, exporting and banking prior to joining leasing/finance sector.

He has been serving in Branch Operations contributing to branch network and concept development over a period of nearly 20 years inclusive of operations and business development and spearheaded the Islamic Finance Division prior to the present position in Risk and Control.

He is actively involved in the Finance House Association of Sri Lanka in the Council of Management and served as the Deputy Chairman of the Council in the year 2019 and also was the Chairman of the Sports Committee in 2015 and 2018. He is also serving as the Compliance Officer of the Credit Information Bureau of Sri Lanka. He also serves on the panel of jury of SLIM-NASCO and is involved in nurturing upcoming young talent in the sales fraternity.

Rohan holds a Master’s Degree in Business Administration (MBA) from the University of Colombo and MSc in Management from the University of Sri Jayewardenepura and BSc. Business Administration (2nd Class Upper) from the University of Sri Jayewardenepura, and is an Associate Member of the Institute of Bankers of Sri Lanka and Member of the Professional Bankers Association of Sri Lanka and holds Licentiate I of the Institute of Chartered Accountants of Sri Lanka.