PMF Finance PLC Appoints Malik Cader as Chairman to Drive Strategic Expansion

PMF Finance PLC is pleased to announce the appointment of Mr. Malik Cader as the Chairman of the Board of Directors, effective 29th September 2025, following the approval received from the Central Bank of Sri Lanka (CBSL), Department of Supervision of Non-Banking Financial Institutions on 8th October 2025. This appointment marks a strategic milestone for the company as it accelerates its journey toward becoming a next-generation financial institution in Sri Lanka.

A seasoned leader in the spheres of regulation, management, and marketing, Mr. Cader brings extensive experience and deep insights from his tenure as a respected capital market regulator and corporate strategist. His appointment is expected to strengthen PMF Finance’s governance framework and unlock new pathways for strategic growth, innovation, and stakeholder value creation. 

Under Mr. Cader’s leadership, PMF Finance PLC aims to deepen its relationship with its principal shareholder, Sterling Investments (Private) Limited, which has a significant international footprint and is one of the largest exporters of Japanese automobiles to Sri Lanka. This partnership offers exciting potential to explore cross-border financial solutions, leveraging Japanese market access to introduce innovative products, fintech-enabled services, and global investment avenues. 

The Board is also currently evaluating proposals to expand PMF Finance into a full-service financial institution, with ambitions to integrate capital market capabilities into its operations. This vision reflects the company’s aspiration to become a well-diversified financial services provider, aligned with national economic priorities and global trends.

Backed by a high-performing team of professionals, PMF Finance continues to build momentum across its core business verticals. The appointment of Mr. Malik Cader signals a confident step forward—anchored in good governance, global thinking, and long-term value creation.