Singer Finance appoints two new Independent Non-executive Directors
Singer Finance, one of Sri Lanka’s most trusted finance companies,
recently appointed two of the country’s most respected business
personalities to its Board of Directors.
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J. A.
Setukavalar |
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Ms. Marina
Tharmaratnam |
The addition of Ms. Marina Tharmaratnam and J. A. Setukavalar as
independent directors to the Company’s Board was the latest reminder of
the Company’s unstinting commitment to the highest standards of
corporate governance. As independent directors, Ms. Tharmaratnam and
Setukavalar will be relied on to ensure that the Board always acts in
the best interests of shareholders and to provide strategic guidance to
the Company.
Ms. Tharmaratnam has served as the Director and CEO of Union
Assurance PLC, Executive Vice President of DFCC Bank, and Company
Secretary, Director and GM of Eagle Insurance, amongst many other
prominent positions. Her wealth of experience in the financial services
sector will allow her to offer invaluable insight and expert advice at
the boardroom level.
Renowned for his dedication to financial transparency and stakeholder
rights, Setukavalar is a veteran of Sri Lankan boardrooms. He is the
Finance Director and Company Secretary at Baur& Company for 22 years,
and also served as a Finance Director at Fern Tea Ltd., and as a Audit
Manager at PriceWaterHouseCoopers in Dubai.
Other members of Singer Finance’s illustrious Board of Directors
includes, H.D.S. Amarusuriya, Chairman of Singer Sri Lanka and Singer
Finance; Dr. S. Kelegama, Gavin J. Walker, John Hyun; Asoka Pieris,
M.P.A. Salgado; and Shantha Wijeweera, CEO of Singer Finance.
The company is backed by the strength of the Singer Group and has
revolutionized Sri Lanka’s financial services landscape by introducing
the industry’s best online, real-time repayment channel and by allowing
customers to make transactions at any one of the more than 360 Singer
Plus, Sisil World, Modern Homes, and Singer Mega showrooms island-wide.
It is a leader in providing a complete range of financial services,
including hire purchase, leasing, group credit loans for consumer
electronic appliances and also accepts fixed deposits.
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