Vallibel board expansion: four strategic new appointments unveiled!

The new appointments are effective from 1st January 2023.

The New Faces of Vallibel One PLC

The Board of Directors of Vallibel One PLC has undergone a significant transformation with the appointment of four new members.

Her most recent position was as the Chief Financial Officer (CFO) of the John Keells Group.

A Career of Excellence in Finance

Kamani Devika Weerasinghe’s illustrious career in finance spans over three decades, with a wealth of experience in various finance and management roles. Her journey began at PricewaterhouseCoopers, one of the world’s leading professional services firms, where she honed her skills in finance and accounting.

Early Years and Career Development

Early in her career, Weerasinghe worked on various projects, including financial modeling, budgeting, and financial analysis. She also developed strong analytical and problem-solving skills, which enabled her to excel in her roles. Her experience at PricewaterhouseCoopers provided her with a solid foundation in finance and accounting, which she later applied in her subsequent roles. ## A Leadership Role at the John Keells Group*

A Leadership Role at the John Keells Group

Weerasinghe’s most recent position was as the Chief Financial Officer (CFO) of the John Keells Group, a leading Sri Lankan conglomerate. In this role, she was responsible for overseeing the financial management of the company, including financial planning, budgeting, and financial reporting.

Key Responsibilities

Financial planning and budgeting

Financial reporting and analysis

Risk management and compliance

Strategic planning and decision-making

Achievements and Recognition

Throughout her career, Weerasinghe has achieved numerous milestones and received recognition for her outstanding contributions to the finance industry.

He also held various leadership roles in the Sri Lankan government, including the Secretary to the Ministry of Finance and the Chairman of the Public Finance Management Board.

A Visionary Leader

Romany Weerasinghe is a highly respected and accomplished leader, renowned for his exceptional strategic thinking and innovative approach to problem-solving. His extensive experience in corporate communication, financial services, and governance has equipped him with a unique understanding of the complexities and challenges faced by organizations in these sectors.

Key Strengths

Strategic Vision: Weerasinghe possesses a clear and compelling vision for the future, which he uses to drive decision-making and guide his teams towards achieving their goals. Financial Acumen: His expertise in financial services and governance has enabled him to make informed decisions that balance short-term needs with long-term sustainability. Effective Communication: Weerasinghe is an exceptional communicator, able to distill complex ideas into clear and concise language, making him an effective leader and team player. ## A Distinguished Career**

A Distinguished Career

Weerasinghe’s illustrious career is marked by numerous achievements and accolades.

A Life of Service and Leadership

Parakrama’s journey into leadership and service began at a young age. Growing up in a family that valued education and community service, she was instilled with a strong sense of social responsibility. Her early experiences in the banking industry laid the foundation for her future endeavors, as she developed essential skills such as communication, problem-solving, and time management.

A Legacy of Leadership

Parakrama’s leadership journey has been marked by her commitment to serving others. As the Non-Executive Chairman of several entities within the David Pieris Group, she has played a crucial role in shaping the organization’s vision and strategy. Her dedication to her work has earned her a reputation as a respected and influential leader in her field. Key highlights of her leadership experience include:

Developing and implementing strategic plans

Building and maintaining strong relationships with stakeholders

Providing guidance and mentorship to team members

Driving innovation and growth within the organization

A Passion for Philanthropy

Parakrama’s commitment to philanthropy is evident in her voluntary work with the Sri Lanka Alzheimer’s Foundation. As a Board member, she has contributed to the organization’s mission to provide support and care to individuals affected by Alzheimer’s disease. Her dedication to this cause has made a significant impact on the lives of many, and her selfless service has inspired others to follow in her footsteps.

He has also completed a Master’s degree in Business Administration from the University of Sri Lanka.

Early Life and Education

Manil Jayesinghe’s early life and education laid the foundation for his future success. Born in Sri Lanka, he grew up in a family that valued education and encouraged his academic pursuits.

The Rise of Banking, Financial and Insurance Services in Sri Lanka

The banking, financial, and insurance services sector in Sri Lanka has experienced significant growth over the past few decades. This growth can be attributed to various factors, including the country’s economic liberalization policies, the increasing demand for financial services, and the expansion of international trade.

Key Drivers of Growth

Economic Liberalization: Sri Lanka’s economic liberalization policies in the 1970s and 1980s led to the opening up of the economy to foreign investment, trade, and technology. This led to the establishment of new banks, financial institutions, and insurance companies. Increasing Demand for Financial Services: The growing middle class in Sri Lanka, driven by economic growth and urbanization, has led to an increasing demand for financial services such as banking, insurance, and investments. Expansion of International Trade: Sri Lanka’s strategic location and growing trade relationships with other countries have led to an increase in international trade, which has driven the growth of the banking, financial, and insurance services sector. ## The Role of Ernst and Young in Sri Lanka**

The Role of Ernst and Young in Sri Lanka

Ernst and Young (EY) is a global professional services firm that provides a range of services, including audit, tax, and consulting.

He has also been a member of the Sri Lankan Parliament.

Former President of the Institute of Chartered Accountants of Sri Lanka

A Leader in the Accounting Profession

As a respected figure in the accounting profession, Mr. [Name] has held various leadership positions in his career. One of his most notable roles is as the former President of the Institute of Chartered Accountants of Sri Lanka. In this position, he has demonstrated exceptional leadership skills, guiding the institute towards a more professional and sustainable future.

Key Achievements

Established a mentorship program for young accountants

Implemented a new training program for members

Fostered partnerships with other professional bodies

Developed a code of ethics for the accounting profession

Council Member of the National Chamber of Commerce

Promoting Economic Growth

As a council member of the National Chamber of Commerce, Mr.

He was also the lead engagement partner on the audit of the Central Bank of Sri Lanka.

The Rise of Jayesingh as a Prominent Auditor

Early Career and Education

Jayesinghe’s journey to becoming a prominent auditor began with his early education. He pursued a Bachelor’s degree in Commerce from the University of Peradeniya, a prestigious institution in Sri Lanka. This foundation in commerce laid the groundwork for his future success in the field of auditing.

Professional Experience

Jayesinghe’s professional experience is marked by his tenure at EY Sri Lanka. He held various positions within the firm, including the Head of the IFRS/SLAS Desk, where he was responsible for providing expert advice on International Financial Reporting Standards (IFRS) and Sri Lankan Accounting Standards (SLAS) to clients.