Board of Directors

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Mr. Dharmasena Dheerasinghe

Chairman

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Dr. Janaki Kuruppu

Independent Non-Executive
Senior Director

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Mr. Raja Senanayake

Non-Independent
Non-Executive Director

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Mr. Dimuthu Bandara

Independent Non-Executive Director

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Mr. Sarath Jayasuriya

Independent Non-Executive Director

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Mr. Hasrath Munasinghe

Non-Independent
Non-Executive Director

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Mr. Upul Dissanayake

Non-Independent Executive Director

Mrs. Oshadi Gunasekara

Company Secretary

CBC Finance Ltd. is a Non- Banking Financial Institution (NBFI) in Sri Lanka with the credit rating of A(lka) from Fitch Ratings Lanka Ltd.
The Company has been registered by the Monetary Board of Central Bank of Sri Lanka under the Finance Business Act No. 42 of 2011.

Mr. Dharmasena Dheerasinghe

Mr. Dheerasinghe was appointed as a Non-Independent, Non-Executive Director and also as the Chairman of the Board of Directors in September 2014. An eminent Economist with a distinguished career of over 45 years in the Banking & Finance Industry, he has published widely and presented papers on many aspects of Economics including Debt Capital Markets and Financial Globalisation in Sri Lanka and overseas. He holds a B. Com. and a B. Phil. (Econ) with First Class Honours from the University of Colombo and an MA (Econ) from the University of Leeds, UK. Mr. Dheerasinghe is a Honorary Fellow of the Institute of Bankers of Sri Lanka and Honorary ACI Diploma holder. He is a member of the Sri Lanka Institute of Directors since December 2015.

Mr. Dheerasinghe started off as an Assistant Director, Bank Supervision at the Central Bank of Sri Lanka and retired as a Senior Deputy Governor of the Central Bank of Sri Lanka. He was also the Chairman of the Monetary Policy Committee and of the Sovereign Ratings Committee. Mr. Dheerasinghe’s previous appointments include Secretary to the Monetary Board, Alternate Executive Director for Bangladesh, Bhutan, India and Sri Lanka at the International Monetary Fund. Chairman, Bartleet Finance PLC, Director, Fitch Ratings Lanka Limited, Council Member, University of Sri Jayewardenepura, Chairman, Commex S. R. L. (Italy), Chairman, Skills Development Fund Limited and Commissioner, Local Loans & Development Fund.

Mr. Dheerasinghe joined the Board of Directors of Commercial Bank of Ceylon PLC in 2011 and retired as the Chairman on 19th December 2020. Mr Dheerasinghe continues as Chairman of CBC Myanmar Micro Finance Company Ltd, a fully owned subsidiary of Commercial Bank of Ceylon PLC.

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Dr. Janaki Kuruppu

Appointed to the Board of Directors in September, 2014, Dr. Kuruppu brings with her almost 30 years of professional experience in a variety of industries including banking. Her specific experience in banking includes being the first Chairperson of the Regional Development Bank which she set up in 2010 by merging six provincial level banks with over 250 branches, and her experience as a member of the Steering Committee of AgriFin, a joint project of Bill and Melinda Gates Foundation and the World Bank for agriculture financing. She was also a former Director and the first female on the Board of Commercial Bank of Ceylon PLC.

Starting her career of over 25 years as an entrepreneur when she started a market research company that later became Nielsen Lanka and an illustrious career in the private sector, she also served the public sector in an advisory capacity. Dr. Kuruppu was also an Adviser to the Government of Sri Lanka on Food Security and Cost of Living Management, a Director of the Presidential Secretariat, Director of the Co-operative Wholesale Establishment, Colombo Dockyard PLC and subsidiaries of the Cargills Group. Currently she is spearheading Mother Sri Lanka Trust, as its Chairperson, which is a non-profit organization founded by her in 2008, while sitting on other corporate boards.

Dr. Kuruppu holds a PhD from the University of Colombo, an M.A. in Statistics and a B.Sc. in Mathematics from the University of Missouri, USA.

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Mr. Raja Senanayake

Appointed to the Board in October 2014, Mr. Senanayake is a Non-Independent, Non-Executive Director. He is a Fellow of the Institute of Chartered Accountants of Sri Lanka and also holds a B.Com. (Special) Degree from the University of Sri Jayewardenepura. Mr. Senanayake counts over 30 years of financial experience at Smart Media (Pvt.) Ltd. as Head of Process Development, at Nations Trust Bank PLC as Chief Financial Officer, at Commercial Bank of Ceylon PLC as Assistant General Manager (Finance & Planning), at Singer Industries (Ceylon) PLC as Financial Accountant, and at Ernst & Young as an Assistant Audit Manager. Mr. Senanayake also serves as a member of the Board of Directors of Commercial Bank of Ceylon PLC since September 2020.
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Mr. Dimuthu Bandara​

Appointed to the Board in December 2017, Mr. Bandara is an Independent Non-Executive Director. He is a Senior Attorney at Law having enrolled in the profession in December 1996, and counts over 24 years as a Law Practitioner in the Private Bar. His practise spans over both original and appellate court work. He is a Counsel and a Resource Person in the fields of Criminal Law and Laws relating to Finance Leasing and Hire Purchase. Mr. Bandara holds a Bachelor of Arts Degree from the University of Kelaniya.
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Mr. Sarath Jayasuriya​

Appointed to the Board in December 2017, Mr. Jayasuriya is an Independent Non- Executive Director. An Associate Member of the Institute of Bankers of Sri Lanka (AIB), a Fellow Member of the Chartered Institute of Management Accountants (FCMA) (UK), a Member of the Chartered Global Management Accountants (CGMA) (UK) and also a Member of the Chartered Shipbrokers (MICS) (UK). Mr. Jayasuriya holds a Bachelor of Science Degree from the University of Sri Jayewardenepura and counts over 30 years of service in Banking, specialized in Treasury, Investment Banking and International Banking. He retired from the Bank of Ceylon as the Deputy General Manager (International, Treasury & Investment Banking). He has served as a Director on the Boards of Transnational Lanka Records Solutions (Private) Ltd., Ceybank Asset Management Ltd and Property Development Ltd (PDL). He also served as a member of the Assets and Liabilities Management Committee (ALCO), Credit Committee and IT steering Committee, while he was the Chairman of the Investment Committee of the Bank of Ceylon, Bank Pension Fund, Provident Fund and W&OP Fund.
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Mr. Hasrath Munasinghe

Appointed to the Board in September 2020, Mr. Munasinghe is a Non-Independent, Non-Executive Director. He currently serves as the Deputy General Manager – Marketing of Commercial Bank of Ceylon PLC. He also serves as a Trustee of the Commercial Bank CSR Trust. He oversees the Marketing function, Card business, Digital Banking and Retail Loans and Deposits categories of the Bank.

Mr. Munasinghe possesses over 27 years of experience in Marketing and Sales including 10 years in Banking. He is a recipient of multiple awards the most coveted being one of the “Ten Outstanding Young Persons in Sri Lanka” in 2013. He was listed amongst the “100 Most Talented Global Marketing Leaders” by Chief Marketing Officers, Asia Council in 2014.

Mr. Munasinghe possesses ten academic and professional qualifications including an MSc in IT from the University of Moratuwa and an MBA from the University of Southern Queensland, Australia. He is a Fellow of the Chartered Institute of Marketing (CIM) UK, a Fellow of the Sri Lanka Institute of Marketing (SLIM), Fellow of Chartered Management Institute (CMI) UK, Fellow of the Institute of Bankers (FIB) Sri Lanka and ACMA, CGMA of The Chartered Institute of Management Accountants (CIMA) UK. He currently serves as a Council Member of the Association of Professional Bankers (APB), Sri Lanka.

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Mr. Upul Dissanayake

Appointed to the Board as the Managing Director in October 2018, Mr. Dissanayake is a Senior Banker by profession and counts over 25 years of experience at Commercial Bank of Ceylon PLC, holding several positions as a Senior Manager and a  Regional Manager, before being seconded to the Company. Holds a Masters’ Degree in Applied Finance from the University of Sri Jayewardenepura and is a member of the Institute of Directors of Sri Lanka.

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Mrs. Oshadi Gunasekara

Appointed as the Company Secretary in September 2020, Mrs. Gunasekara earned her Law Degree from Sri Lanka Law College and she is licensed to practice as an Attorney-at-Law of the Supreme Court of Sri Lanka. While in the Chambers of Dr. Harsha Cabraal, President’s Counsel she became well-versed in Commercial and Intellectual Property law. She joined the Company in 2019 after serving as an Associate for M/s Paul Ratnayeke Associates. Her practice focused on complex Civil Law and White-Collar criminal cases attending to both local and international law suits. Mrs. Gunasekara has also been extending her support and providing guidance to the litigation team in CBC Finance Ltd.