Board Of Directors

Mr. Thiyagarajah Dharmarajah


Mr. Thiyagarajah Dharmarajah is the Senior Partner (Audit & Assurance) at M/s Amerasekera & Company and serves as a Director of Renuka City Hotels PLC, Cargo Boat Development Company PLC, National Wealth Corporation Limited (NWCL), National Wealth Securities Limited (NWSL), Management Applications (Pvt) Limited and DHS Medical Group (Private) Limited.

He is a Member of the Council of the University of Visual and Performing Arts, Postgraduate Institute of Indigenous Medicine and a member of the Standing Committee on Management Studies of the University Grants Commission. He was a director of DFCC Bank PLC and DFCC Vardhana Bank PLC, a Member of the Board of Management Postgraduate Institute of Management and Curriculum Development Committee of the National Institute of Education. He was also a Member of the Council of the Institute of Chartered Accountants of Sri Lanka and University of Sri Jayewardenepura. He was a former president of the Association of Accounting Technicians of Sri Lanka.

Mr. Dharmarajah holds a B.Sc. Management (Sp) Degree from the University of Sri Jayewardenepura and a Fellow Membership of the Institute of Chartered Accountants of Sri Lanka, Association of Accounting Technicians of Sri Lanka and Institute of Public Finance & Development Accountancy.

Mr. Luxhman Jayaratne

Mr. Luxhman Jayaratne

Independent Director

Mr. Luxhman Jayaratne has over 37 years of banking experience working across several countries in Asia, Europe and Africa – focusing on the management of operations and technology, with involvement in product management.

Mr. Jayaratne was directly involved in establishing Citibank in Sri Lanka and Romania. He was also the Head of Operations and Technology of CitiBank – Africa, covering a total of 14 countries prior to joining the Union Bank of Nigeria PLC.

Mr. Jayaratne specializes in the management of operations and technology, process regionalization and centralization, and commercial banking.

Mr. U. H. Ebert Silva

Non-Executive Director

Mr. U.H. Ebert Silva was appointed to the Board of Commercial Leasing and Finance PLC (CLC) as an independent, non-executive Director with effect from 09th of October 2017.

With over 30 years of experience in banking, regulatory and financial reporting, human resource management and administration – Mr. Silva was a former official of the Central Bank of Sri Lanka. Upon joining CBSL in 1986, Mr. Silva has worked in various departments such as Bank Supervision, Employee’s Provident Fund, Facilities Management and Centre for Banking Studies, till his retirement in the year 2017.

Mr. Silva holds a B.Sc. Degree in Business Administration from the University of Sri Jayawardenapura and read for his M.A in Economics from the University of Ohio, USA.

Mr. U. H. Ebert Silva


Independent Non-Executive Director

Mr. Thamotharampillai Sanakan counts for over 20 years of experience at top management levels in multiple industries such as financial services, trading, manufacturing, healthcare and consumer.

Currently, Mr. Sanakan serves as the Group Chief Financial Officer of Browns Group of Companies with the involvement of directing Browns’ business lines for profitability, growth and sustainability, via strategic finance directives. He was directly involved in establishing LOLC Securities Ltd, which deals with capital markets.

Mr. Sanakan previously held the position of Chief Operating Officer at LOLC Securities Ltd and served as a rule-setting committee member of the Securities and Exchange Commission of Sri Lanka.

He excels in the areas of change management, new business start-ups, business process re-engineering, project management and strategic business management. He also serves on the boards of Associated Battery Manufacturers (Ceylon) Ltd., Browns Pharmaceuticals Ltd. and Browns Pharma Ltd. He is an Associate Member of Chartered Institute of Management Accountants of UK and Chartered Global Management Accountants of USA.

Mr. Krishan Thilakaratne

Mr. Krishan Thilakaratne

Executive Director / CEO

Mr. Krishan Thilakaratne is the Director/CEO of Commercial Leasing & Finance PLC, as well as the Head of Islamic Finance of LOLC Group. He also serves on the board of Commercial Insurance Brokers (Pvt) Ltd – the largest insurance broker in Sri Lanka and associate company of Commercial Leasing & Finance PLC.

Prior to this, Mr. Thilakaratne was the CEO of Lanka ORIX Factors Ltd and CEO of Auto Finance of LOLC. He is an Associate Member of the Institute of Bankers of Sri Lanka and joined the LOLC Group in 1995.