Multi Finance appoints experienced banker as CEO
View(s):Multi Finance PLC (MFPLC) – one of the long-standing finance companies in Sri Lanka – says it has revived its growth plans with the appointment of Pushpike Jayasundara as the new Chief Executive Officer.
Mr. Jayasundera, with nearly 20 years’ experience in the banking and finance sector, is planning to re-structure the company, whilst introducing best practices in the industry, the company said in a media release. He intends to implement some new plans at Multi Finance to develop the company into greater heights in the industry and fulfill the company vision.
“Multi Finance clearly aims to enhance shareholder value through financial stability and growth and we want to satisfy our valued customers by providing innovative solutions to their financial needs by training, developing and retaining the skills and knowledge of our staff to give their best to the company,” noted Mr. Jayasundara.
Established in 1974 in Kandy, Multi Finance has embarked on a rapid expansion drive by penetrating into regions and expanding their reach to the main cities of the country.
According to the Multi Finance 2012/13 annual report, the company’s deposit base developed significantly during the year, recording a growth of Rs.139 million, up 38 per cent to reach Rs.505 million as at end March 2013.