People’s Leasing new CEO Marcelline

CEYLON TODAY | Published: 2:00 AM Nov 24 2020
FT People’s Leasing new CEO Marcelline

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

The new CEO/GM Marcelline, being an experienced banker with local and foreign bank exposure, in addition to working overseas for the HSBC Group, brings with him unique industry insights so as to contribute towards the strategic direction, core values of the PLC. Having strong credentials in the banking and finance sector in Sri Lanka he has contributed towards showcasing Sri Lanka’s investment potential globally. Before joining PLC Marcelline was the Senior Vice President / Head of Corporate Banking, DFCC Bank, Sri Lanka. At DFCC, he spearheaded the Bank’s Corporate Banking strategic initiatives across the country and in overseas markets. 

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, recognised as the largest ever loan facility given by DFCC Bank Sri Lanka.

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. 

Marcelline graduated from the Colombo International School in Sri Lanka 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. People’s Leasing is currently the highest rated non-bank financial institution in the country, with a “A+ (Ika)” rating from Fitch Ratings Lanka Ltd. and also rated as the Number One non-bank financial services brand by Brand Finance Lanka. The Company was also recognised as one of the Ten Best Corporate Citizens in the country by the Ceylon Chamber of Commerce. People’s Leasing is also ranked No 3 for the company’s Transparency in Integrated Corporate Reporting (TRAC) by the Transparency International Sri Lanka (TISL).

CEYLON TODAY | Published: 2:00 AM Nov 24 2020

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