New CEO for People’s Leasing & Finance

Sri Lanka’s leading non-bank finance company, People’s Leasing & Finance PLC, has appointed Mr. Shamindra Marcelline as its new CEO/GM with effect from November 20, 2020.

Being an experienced banker with local and foreign bank exposure in addition to working overseas for the HSBC Group, Marcelline brings with him unique industry insights so as to contribute towards the strategic direction and core values of People’s Leasing Company, a news release on the appointment said.

“Having strong credentials in the banking and finance sector in Sri Lanka he has contributed towards showcasing Sri Lanka’s investment potential globally,” it said.

“Before joining PLC Marcelline was the Senior Vice President/Head of Corporate Banking at the DFCC Bank where he spearheaded its strategic initiatives across the country and in overseas markets,” it added.

In October last year, he played a key role in securing the mandate for Sole Adviser and Structuring Bank for a Dual Tranche Bi-lateral Loan Facility for a leading Maldivian company, recognized as the largest ever loan facility given by DFCC Bank.

As a member of the Bank’s Executive Committee, Asset and Liability Committee and Operational Risk Management Committee, Marcelline played a strategic role in harnessing the Bank’s corporate initiatives.

He also headed the Financial Institutions Group and Public Sector for HSBC Sri Lanka and Maldives before joining the DFCC Bank.

Mr. Marcelline graduated from the Colombo International School in 1993. He holds a Degree in Economics and Accountancy (BSc.) from City University (1996), London (UK) and also in Financial Advisors’ International Qualification (FAIQ), Chartered Insurance Institute, UK (2008).

People’s Leasing started business operations in 1996 as a wholly owned subsidiary of one of the largest State Banks in Sri Lanka, the People’s Bank. It is currently the highest rated non-bank financial institution in the country, with a “A+ (Ika)” rating from Fitch and also rated as the Number One non-bank financial services brand by Brand Finance Lanka.

The Company was also recognized as one of the Ten Best Corporate Citizens in the country by the Ceylon Chamber of Commerce. People’s Leasing is also ranked No. 03 for the company’s Transparency in Integrated Corporate Reporting (TRAC) by the Transparency International Sri Lanka (TISL).