Dumith Fernando joins Union Assurance board

Asia Securities Chairman and Colombo Stock Exchange board member Dumith Fernando has been appointed an Independent Non-Executive Director of Union Assurance PLC (UAL) with effect from August 3, 2018.

Little over 92 percent of UAL shares are owned by premier blue chip John Keells Holdings PLC.

Fernando is an experienced international investment banker with over two decades in the industry in the US and Asia. 

He led the acquisition of Asia Securities in 2015 and is its Chairman and controlling shareholder. 

He is the former Managing Director and Group Chief Operating Officer of Credit Suisse, Asia Pacific, based in Hong Kong prior to which he was Chief Operating Officer of Asia Pacific Equities at both Credit Suisse and JP Morgan overseeing Equities business operations in 12 countries. 

He has also held various positions in corporate finance, M&A advisory, private equity investing and corporate strategy at JPMorgan in New York and Hong Kong. 
He is a senior advisor at Tybourne Capital Management (Hong Kong) a leading global asset management firm, as well as non-executive Chairman of several early stage companies. 

The World Economic Forum selected Fernando to its Young Global Leaders forum in 2013. 

Fernando holds a BA (Honors) in Physics and Economics from Middlebury College, USA and an MBA from Harvard Business School.  

Fernando is also an Independent Non-Executive Director at Singer (Sri Lanka) PLC.