LB Finance strengthens team

Ransith Karunaratne, an experienced and respected name in the factoring industry will be spearheading LB Finance's move into working capital finance and factoring. As the Head of this new unit, Karunaratne promises to take the company into new areas of business previously unexplored by LB Finance.

He is confident that the company has the right ingredients to make it an industry leader in this new area of business adding to its already impressive product portfolio.

Karunaratne counts over fifteen years of experience and an exemplary track record in the financial services sector having successfully launched, grown and managed high quality and profitable credit portfolios.

He pioneered the formation of 'Commercial Factors', the factoring and working capital business unit of Commercial Leasing Company Limited.

He was also a part of the team that set up MFactor, the factoring arm of Mercantile Leasing Limited which was later renamed Nations Factors as a part of Nations Trust Bank.

Karunaratne is the Country Representative for the 'World Factoring Yearbook', which is the global annual publication on the factoring industry published by BCR Publishing, UK.

Sumith Adhihetty, Managing Director of LB Finance said that the company's faith in young yet proven professionals has paid immense dividends and cites the company's ascendency to the top as a classical case of young minds excelling through bold thinking.

"My team is fearless in breaking new ground and taking the industry by storm. Their dedication and integrity are of the highest order and team spirit unquestionable," he said.