Appointed to First Capital Board

Nishan Fernando, a past president of the Institute of Chartered Accountants of Sri Lanka (CA) has been appointed to the Board of First Capital Holdings PLC as a non-executive independent director.

A Fellow of the Institute of Chartered Accountants of Sri Lanka, an Associate Member of the Chartered Institute of Management Accountants (CIMA) of UK and holder of an MBA from the Postgraduate Institute of Management of the University of Sri Jayewardenepura Fernando is the Head of Upstream Finance Operations at Goodhope (Carsons Group).

"The appointment of Nishan Fernando adds further depth to the Board of First Capital, as the company gears for growth," said Lalith deMel, the Group's Chairman.

"The experience he has gained from holding senior positions in several eminent professional bodies and his work in the corporate sector will be germane to our planned progression."

Fernando has served as Group Chief Financial Officer of ODEL PLC, as Chief Financial Officer at Sri Lanka Telecom PLC, and as Group Financial Controller of Hemas Group.

He has officiated as Independent Director and Chairman Audit Committee of Browns Investments PLC, as President, Vice President and Council Member of the Institute of Chartered Accountants of Sri Lanka, as a Commission Member of the Securities and Exchange Commission of Sri Lanka, as a member of the Sri Lanka Accounting and Auditing Standards Monitoring Board and since 2009 has functioned as Chairman of the Statutory Accounting Standards Committee.