CITIZENS DEVELOPMENT BUSINESS FINANCE PLC

ANNUAL REPORT 2021/22

Corporate management team

Mahesh Nanayakkara

Managing Director/Chief Executive Officer

Mr Nanayakkara joined CDB in 2001 and counts over 30 years experience in financial services. Over the last two decades he successfully pearheaded a dynamic team of young professionals who were instrumental in transforming CDB from a negative net worth company to the dynamic entity it is today. He was instrumental in establishing the Autism Trust Fund, a collaboration between CDB and the Sri Lanka Association for Child Development (SLACD) which focuses on the early detection and intervention of autism in Sri Lanka.

Damith Tennakoon

Executive Director/Deputy Chief Executive Officer/Chief Financial Officer

Mr Tennakoon counts over 26 years experience in Finance, Treasury, Risk Management, Compliance, Recovery and Strategic Planning. He is a Fellow of the Chartered Institute of Management Accountants, UK and a Chartered Global Management Accountant.

Roshan Abeygoonewardena

Director – Corporate Finance

Mr Abeygoonewardena was appointed to the Board in 2011. He counts over 28 years experience in the financial services industry and three years in the manufacturing industry. He is the Past Chairman of The Finance Houses Association of Sri Lanka (FHASL), the apex body for the finance companies in Sri Lanka. He is a Fellow of the Chartered Institute of Management Accountants, UK, a Fellow Member of the Institute of Certified Management Accountants of Sri Lanka and a Fellow Member of the Sri Lanka Institute of Credit Management.

Sasindra Munasinghe

Executive Director – Sales and Business Development

Mr Munasinghe was appointed to the Board in April 2011. He counts over 30 years experience in the Leasing Industry. He was instrumental in setting up the leasing operations at CDB including credit evaluations, recoveries, operations and marketing. He holds an MBA from the Federation University of Australia.

Dave De Silva

Director Business Operations

Mr De Silva was appointed to the Board on 1 January 2012 as an Independent Non-Executive Director and thereafter appointed as an Executive Director – Business Operations in October 2016. He counts 20 years experience in the financial services sector. He holds a BSc (Business Administration) special degree from the University of Sri Jayewardenepura and is an Associate Member of the Chartered Institute of Management Accountants (UK).

Karthik Elangovan

Director – Chief Emergent Business Officer

Mr Elangovan was appointed to the Board with effect from 1 July 2020. He was the President of Sri Lankan Institute of Marketing (SLIM) in 2017/18 and the Director/CEO of a subsidiary of CDB consequent to its amalgamation. He is a Chartered Marketer, a Fellow of the Chartered Institute of Marketing (UK) and a Fellow of the Sri Lanka Institute of Marketing. He holds a BSc in Management from the University of Sri Jayewardenepura and an MBA from the Postgraduate Institute of Management (PIM). Mr Elangovan was conferred the Honorary Fellow of the Institute of Marketing of Malaysia. He has attended Executive Development Programmes at Harvard Business School (HBS) Boston, USA. He also holds a National Diploma in Human Resource Management (IPM) and is a Chartered Global Management Accountant (CGMA).

Nayanthi Kodagoda

Senior General Manager – HR and Administration

Ms Kodagoda holds an Executive MBA from the University of Colombo and she is an Associate Member of the Sri Lanka Institute of Credit Management. She counts over 25 years experience in the Finance Business Industry and is an expert in the operational aspects of Finance, Human Resources, Credit Administration and Branch Operations. Ms Kodagoda has served CDB for 25 years.

Hasitha Dassanayake

Senior General Manager – Emergent Business & Business Intelligence

Mr Dassanayake holds a Bachelor of Commerce (Honours) degree from the University of Colombo and an MBA from the Postgraduate Institute of Management (PIM), University of Sri Jayawardenepura. He is an Associate Member of the Chartered Institute of Management Accountants (UK) and a Chartered Global Management Accountant (CGMA). He counts over 16 years experience at CDB.

Senaka Attygalle

Chief Information Officer

Mr Attygalle holds an MBA from the University of Lincoln (UK). He is a Member of the British Computer Society (UK), Member of the Institute of Management Information Systems (UK) and a Member of the Australian Computer Society. Mr Attygalle counts over 35 years experience in the field of Information Technology.

Chaminda Jayawardana

General Manager – Recoveries

Mr Jayawardana holds an MBA from Open University of Malaysia and an Intermediate Diploma in Banking. He counts over 30 years experience in the Banking and Finance Business Industry.

Isanka Kotigala

General Manager – Sales and Business Development

Mr Kotigala holds an MBA from the University of Wales. He has gained both local and international experience prior to joining CDB. He counts over eight years experience in leading multinationals. Mr Kotigala has served CDB for over 16 years.

Sudath Fernando

General Manager – Leasing/Credit

Mr Fernando counts 31 years experience in the Banking and Finance Business Industry. He has served CDB for over 13 years.

Ranjith Gunasinghe

General Manager – Risk

Mr Gunasinghe holds an Master of Financial Economics (MFE) from the University of Colombo, an MBA from the University of Southern Queensland (Australia), and a Postgraduate Diploma in Business and Financial Administration from The Institute of Chartered Accountants of Sri Lanka. He is a Certified Professional Marketer of the Asia Marketing Federation and holds a Postgraduate Diploma in Marketing from Sri Lanka Institute of Marketing (SLIM). He counts over 23 years experience in the Finance Business Industry and has served CDB for over 20 years.

Ruwan Chandrajith

Senior Deputy General Manager – Finance and Planning

Mr Chandrajith holds a BSc (Accountancy) (Sp) from the University of Sri Jayawardenepura. He is an Associate Member of The Institute of Chartered Accountants of Sri Lanka. He counts 19 years experience in Financial Management and Auditing and has served CDB for over 12 years.

Darshana Jayasinghe

Senior Deputy General Manager – Marketing

Mr Jayasinghe is a professional Marketer with over 16 years experience in Strategic Marketing, Marketing Communications, Sales Management and Digital Marketing in local and International markets. He is a Chartered Marketer of the Chartered Institute of Marketing (UK), MCIM and Doctoral candidate of Business Administration of the University of Kelaniya. He is the President of Marketing Alumni of the University of Sri Jayawardenepura. He holds a Master’s in Business Studies from the University of Colombo and a First-Class Bachelor’s degree in Marketing Management from the University of Sri Jayawardenepura.

Herath Dharmadasa

Deputy General Manager – Business Development

Mr Dharmadasa holds an MBA from Cardiff Metropolitan University UK and a Bachelor of Arts degree from the University of Peradeniya. He counts over 26 years experience in Sales, Marketing and Financial Services Industry.

Aruni Panagoda

Deputy General Manager – Business Operations

Ms Panagoda hold an MBA from Cardiff Metropolitan University (UK) and is an Associate Member of the Sri Lanka Institute of Credit Management. She counts 22 years experience in the fields of Credit Operations, Insurance Operations and Deposit Operations at CDB.

Sanjeewa Ranathunga

Deputy General Manager – Post Disbursement Follow-up

Mr Ranathunga is an Associate Member of the Sri Lanka Institute of Credit Management, the Institute of Certified Professional Manager and the United Kingdom Association of Professionals. He holds a Diploma in Agriculture from Aquinas College of Higher Education Mr Ranathunga joined CDB in 1998 and has 23 years experience at CDB in Post Disbursement follow-up.

Prasad Ranasinghe

Deputy General Manager – Gold Loan Portfolio Sales

Mr Ranasinghe is an experienced and well-known professional in Sales in the Finance sector. He counts 18 years of experience in Sales for lending and deposit products. He holds a Bachelor of Commerce degree from the University of Sri Jayawardenapura and a Master’s degree in Business Management (Australia).

J L Priyantha

Deputy General Manager – Asset Portfolio Sales

Mr Priyantha holds a BSc (special) degree from the faculty of Agriculture, University of Peradeniya and an MBA from the Postgraduate Institute of Management (PIM), University of Sri Jayawardenepura. He was awarded the Gold Award in supervisor category of financial services and products at the NASCO awards, 2013 organised by the Sri Lanka Institute of Marketing and a Silver Award in Territory Manager category in 2015. He joined CDB in February, 2005 as a sales trainee. Mr Priyantha has 17 years experience in Sales and Marketing with an specialised expertise in leasing and lending sales strategy.

Nadee Silva

Deputy General Manager – Business Development

Ms Silva has been associated with CDB since 1998. She counts over 24 years experience in sales and marketing in the Financial Services Industry and over 11 years experience in Business Development Management. She was awarded the “Best Female Sales Person of the Year” and the “Territory Manager” Silver award in the Finance Sector category at the SLIM- NASCO 2013 Awards. She emerged as the” National Champion” of the Sales and Marketing category of the Corporate and Professional Sector at the Sri Lanka Vanithabhimana Awards 2021.

Lalith Peiris

Deputy General Manager – Liability Portfolio Sales

Mr Peiris holds an MBA Marketing (sp) from the Cardiff Metropolitan University of UK. He is a Member of the Chartered Institute of Marketing (UK) and a Member of the Sri Lanka Institute of Marketing. He counts over 16 years experience in Sales and Marketing and Liability Sales Strategy in the Financial Service Industry. Mr Peiris was awarded the Gold award in the Territory Manager Category of Financial Services and Products at the NASCO Awards in 2017 organised by the Sri Lanka Institute of Marketing. Mr Peiris has 16 years of experience at CDB since joining in 2005 as a Sales Trainee.

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