PCH Holdings PLC appoints new Chairman and Directors
View(s):PCH Holdings PLC has appointed three new directors to its board: Ajita Mahes Pasqual as Executive Chairman, Dr. Ali Gulamhusein as
Ajita Mahes Pasqual
Executive Director and s as Non-Executive Director.
“As recognised figures of the financial sector, both Mr, Pasqual and Mr, Renganathan can benefit PCH Holdings with their expertise and insight,” a company spokesperson said in a media release.
The Board of Directors amended the Articles of Association to increase the maximum number of directors from seven to 10, to allow for a greater diversity of professionals on the board.
Mr. Pasqual has 31 years’ experience in the banking sector with 22½ years in senior management positions with HSBC in Corporate Banking, Trade Finance & Treasury. He held the positions of Director, General Manager, and CEO in Seylan Bank PLC from January 2004 to December 2012.
Dr. Ali Gulamhusein
Mr Renganathan is a career banker with over 40 years of experience, including 25 years of management experience with one of the top 25 banks in the world, the National Bank of Abu Dhabi. Now retired, he continues to be retained by the bank in a consultative capacity.
Dinesh Renganathan
Dr. Gulamhusein is the chairman of Adam Investments PLC, the holding company of PCH Holdings PLC. He holds a PhD from Tokyo, Japan and a Degree from King’s College London, UK.
In a further disclosure, PCHH said the company, under the existing provisions of the Central Bank, has resolved to incorporate a fully owned subsidiary for the purpose of operating a micro finance business in Sri Lanka Also, the company has resolved to act as a placement agent for foreign funds, looking to invest in the Sri Lankan Government and Corporate Debt market.