Banking and Finance

CBC Finance appoints Sharmini Wickremasekara to Board

Sharmini Wickremasekera has been appointed as an Independent, Non-Executive Director to the Board of Directors of CBC Finance Ltd, effective from 22 March.

She brings with her over 40 years of distinguished experience in various fields. Sharmini has exhibited exceptional leadership skills and expertise in accounting, finance, auditing, IT governance, and risk management and holds globally recognised credentials.

Sharmini began her journey at Ford Rhodes Thornton and Company and joined LOLC in 1983 where she was successively promoted in recognition of her performance. She played a pivotal role in introducing Standards in Internal Audit, IT governance, Enterprise Risk Management, Business Continuity Management and fraud prevention for the Group, showcasing her commitment and capability to rise to top management. She retired as the Chief Risk Officer - LOLC Group, in March 2023.

Sharmini also served as the President of the ISACA Sri Lanka Chapter from 2007 to 2009, breaking barriers as the first female president to lead a professional IT association in Sri Lanka. Under her leadership, the Chapter was recognised as the Best Medium-sized Chapter in Asia.

Moreover, she held honorary positions on the boards of Sri Lanka Cert from 2007 to 2009 and Infotel ICT Exposition from 2006 to 2009 as an Independent Non-Executive Director, further contributing to the information security landscape. Currently, she serves as an Independent Non-Executive Director at SUNTRUST Insurance Brokers Ltd., focusing on accounting and finance. Sharmini has also gained international recognition as a representative and speaker on risk management, participating in conferences both locally and overseas. She has contributed her expertise as a presenter, panellist, and moderator in seminars such as Risk Minds Asia, national conferences and governance and risk programs organised by various professional bodies and corporates.

Throughout her illustrious career, Sharmini’s outstanding contributions and achievements has won numerous accolades. Notably, the ISACA SL Chapter was awarded the K. Wayne Snipes Award in 2009 for the best medium-sized chapter in Asia, by ISACA (USA) and the Achievement Award for GRC in the USA by the OCEG in 2012 for her role in implementing GRC standards in LOLC, underscoring her dedication and commitment to excellence.

CBC Finance current board consists of Chairman Sharhan Muhseen, Independent Non-Executive Director Sarath Jayasuriya, Independent Non-Executive Director Dimuthu Bandara, Non-Independent Non-Executive Director Hasrath Munasinghe, Non-Independent Non-Executive Director M. P. Dharmasiri and Non-Independent Executive Director/CEO Chamilantha Fernando.

Source: FT