People’s Merchant Finance appoints new Deputy CEO

People’s Merchant Finance PLC (PMF) announced the appointment of Terrance Kumara as Deputy Chief Executive Officer of the company, with effect from June 15, 2022. 
He served for SANASA Development Bank PLC as Chief Financial Officer prior to his appointment at PMF.
He is a seasoned financial sector professional, with a sound academic foundation spanning over 20 years of diversified expertise in financial, leasing, corporate finance and investment management locally and internationally. 
Kumara has extensive experience in financial reporting, taxation, structuring capital market transactions and analytics. He has a background in designing internal controls, legal, compliance and financial risk management. 
He is specialised in analysing, identifying and translating business needs into executable strategies through bespoke service delivery. Additionally, during his tenure at SANASA Development Bank, he has spearheaded and implemented Sri Lanka’s first rights issue through a digital platform.
He also holds a Master of Business Administration (MBA) from the University of Southern Queensland, Australia and is a Fellow Member of the Institute of Chartered Accountants of Sri Lanka (ICASL), Member of the Institute of Certified Management Accountants of Sri Lanka (CMASL), Member of the Association of Accounting Technicians of Sri Lanka (AAT) and a Finalist of the Chartered Institute of Management Accountants of UK (CIMA).