Alastair Corera has been appointed Chairman of Citizens Development Business Finance PLC (CDB) with effect from December 31.
Mr. Corera, who has been an Independent Non-Executive Director at CDB since May 2019 will be replacing Ranga Abeynayake who served nine years on the Board of CDB and has chaired the Board from September 2019. He steps down from December 31 as per corporate governance directives, the company announced on Tuesday.
Mr. Corera, a Chartered Financial Analyst USA and a Fellow of the Chartered Institute of Management Accountants UK, has since 2006, been an Executive Director of Orion Fund Management Pvt Ltd as well. He was Country Head of Fitch Ratings Lanka Limited for two years from 2004 to 2006 and prior to that functioned as General Manager of Forbes ABN-AMRO Securities Pvt Ltd.
Ajith Gallage, the owner of a Bird Park in Nagarawawa, Hambantota, has been remanded over allegations of concealing illegally imported motorcycles, in a warehouse owned by him.
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