BRAC Lanka Finance PLC announced the resignations of independent directors, Mr. Sameer Ahmad and Mr. Syed Afzal Hassan Uddin have been accepted with effect from November 24, 2014. The following have been appointed Dr. Liyanamohottige Joseph Sri Harsha Cabral, Mr. Priyantha Damian Joseph Fernando as non-executive directors with effect from November 24, 2014. Mr. I C Nanayakkara, non-executive director was appointed chairman with effect from November 4, 2014.

Harsha Cabral is a President's Counsel and holds a PhD in Corporate Law (University of Canberra) Australia. Dr. Cabral is a Senior Counsel in Corporate Law with 26 years of experience, specializing in company Law, Intellectual Property Law, Commercial Law, International Trade Law & Commercial Arbitration. He is currently serving on the Boards of Commercial Leasing & Finance PLC, Diesel & Motor Engineering PLC, Union Bank of Colombo PLC, Richard Pieris & Co.

Distributors Ltd., Tokyo Cement Company (Lanka) PLC, Tokyo Super Cement Co (Private) Ltd., Fuji Cement Co (Lanka) Ltd, Tokyo Cement Power (Lanka) Ltd, Hayleys PLC, Hambana Petrochemicals (Pvt) Ltd, Lanka ORix Finance PLC and Alumex PLC. Priyantha Fernando has more than 36 years of experience in the banking sector. He was attached to the Central Bank of Sri Lanka serving in senior and diverse capacities.