Associated Motor Finance Company PLC
Board of Directors
Mr. G A R D Prasanna
Chairman – Non-Independent Non-Executive Director
Mr. Prasanna has extensive experience in various business management strategies and is a business leader with a diverse background in manufacturing, banking and finance, leisure, plantations and hydro-power generation.
He has many years of experience in managing businesses and has gained substantial governance experience through his leadership of boards of both quoted and unquoted companies.
He was the former Chairman of Pan Asia Banking Corporation PLC. His current Directorships include Chairman of L B Finance PLC, Managing Director of Wise Property Solutions (Pvt) Ltd, Non-Executive Director of Royal Ceramics Lanka PLC, Grandmark (Pvt) Ltd, La Forteressee (Private) Limited and as a Director of several private companies.
Mr. Niroshan Udage
Executive Director – Deputy Chairman
Mr. Udage currently serves as the Managing Director of L B Finance PLC. Mr. Udage’s association with LB Finance began in 2004, when he joined as General Manager – Asset Finance. His dedication and strategic vision led to his appointment to the Board on January 1, 2007, and subsequently as Deputy Managing Director on March 8, 2021 and finally as its Managing Director on July 1, 2025.
With over 34 years of experience in the finance industry, Mr. Udage's career includes a decade at Lanka ORIX Leasing Company PLC and three years at Mercantile Investments Limited before joining LB Finance PLC. His expertise spans credit, finance, risk management, and innovation—areas that have significantly contributed to the Company's continued profitability and strength.
Mr. Udage holds a Bachelor’s Degree in Science from the University of Colombo. He has further enhanced his leadership capabilities through advanced training in Strategy and Management in Banking conducted by International Development Ireland Ltd in Dublin and London. In 2012, he successfully completed the High Potentials Leadership Program at Harvard Business School, Boston, USA.
Beyond his roles at LB Finance, Mr. Udage also serves as a Non-Executive Director of LB Microfinance Myanmar Company Limited and is a Council Member of the Finance Houses Association of Sri Lanka (FHA). His previous appointments include serving as a Director of Hayleys Fibre PLC and the Credit Information Bureau of Sri Lanka (CRIB), Chairman of the Finance House Association, and Member of the Financial System Stability Consultative Committee established by the Central Bank of Sri Lanka.
Mr. T.M.A. Sallay
Executive Director / Chief Executive Officer
Mr. Sallay is a financial professional with over 38 years of extensive and diverse work experience in the fields of Finance, Auditing, Marketing, Credit & Recoveries, Project Management and Event Management. He has held many positions, both strategic and operational, in many organizations and has wide exposures in diverse sectors such as Finance, Hospitality, Healthcare, International Event Organization, Communications and Trading and Manufacturing.
His past work experience has seen him focus on his core strengths in the realm of finance, through over 28 years of service with several established financial institutions.
He is a Fellow Member of the Chartered Institute of Management Accountants, UK (FCMA) and Chartered Global Management Accountant (CGMA) and a fully qualified Member of the Institute of Certified Management Accountants of Australia (CMA). He is also a Fellow Member of Chartered Institute of Marketing, UK (FCIM) and a holder of a Master’s in Business Administration from the Asia University of Malaysia.
Mr. Sallay joined Associated Motor Finance Company Ltd., (AMF) in 1997 as the Group Accountant. He was promoted to the post of General Manager in 2003 and to the post of CEO/ General Manager in 2011. He served as an Executive Director of Arpico Finance Company PLC since December 2014 until March 2021.
He was subsequently appointed to the Board of AMF as an Executive Director /Chief Executive Officer in April 2021.
Mr. Piyal Hennayake
Senior Director – Independent Non-Executive
Mr. Hennayake is an accomplished professional with over 40 years of experience spanning engineering, portfolio management, credit, project finance, branch network management, administration, real estate and consultancy.
Mr. Hennayake holds over 26 years of senior level roles, including 20 years as a C-suite/KMP at Hatton National Bank PLC and Seylan Bank PLC, driving organisational growth, operational excellence, and strategic decision-making. Skilful at leading cross-functional teams, optimising portfolios, and steering complex ventures in both financial services and engineering.
Mr. Hennayake currently serves as an Independent Non-Executive Director of L B Finance PLC.
Mr. B D A Perera
Non-Independent Non-Executive Director
Mr. Perera is an Associate Member of the Chartered Institute of Management Accountants (ACMA), CGMA (UK) and holds a BSc (Business Administration) Special Degree from the University of Sri Jayewardenepura. He successfully completed the High Potentials Leadership Programme in 2012 at Harvard Business School in Boston, MA, USA.
With over 27 years of experience in the leasing industry, Mr. Perera’s career includes positions at Commercial Leasing Company Limited, Lanka Orix Leasing Company PLC and a Merchant Bank in Bangladesh.
Mr. Perera currently serves as the Senior Director/ Deputy Chairman of Pan Asia Banking Corporation PLC, Executive Director of L B Finance PLC and Non-Executive Director of L B Microfinance Myanmar Company Limited.
Ms. Ashwini Natesan
Independent Non-Executive Director
Ms. Natesan is a qualified legal practitioner specialising in Technology, Media and Telecommunications (TMT) Law. She provides consultancy on various TMT law matters, including financial technology (FinTech). She is the TMT Law Consultant at Juluis & Creasy. She also engages in research projects related to data protection, data governance, privacy, online safety, the right to information, and AI governance, both independently and collaboratively with other organisations. Additionally, she is a Research Fellow at LIRNEasia, a think tank based in Sri Lanka. She regularly participates in national and international forums, speaking on broader issues of TMT law, platform liability, and financial tech regulation. In India, she previously worked with litigation and corporate law offices.
Ms. Natesan holds an LL.M. (Master of Laws) in International Business Law from the Faculty of Law, National University of Singapore, graduating among the top students of the batch. She earned her Bachelor of Arts and Law degree (B.A. LL.B. (Hons.)) with a Distinction from the School of Excellence in Law at Tamil Nadu Dr. Ambedkar Law University, Chennai, India. Additionally, she has diplomas in International Business Management (Loyola Institute of Business Administration, India), Commercial Arbitration (ICLP, Sri Lanka) and AI Policy (Center for AI and Digital Policy). In 2024, she was selected for the University of Oxford’s Media Policy Institute. She is also a part of the Digital Trust Alliance.
Ms. Natesan currently serves as an Independent Non-Executive Director of L B Finance PLC.
Prof. Thirimadura Nandika Kasun De Zoysa
Independent Non-Executive Director
Prof. Thirimadura Nandika Kasun De Zoysa is the Deputy Director and Coordinator of the Digital Forensic Center at the University of Colombo School of Computing. He holds a Ph.D. in Computer Science from Stockholm University, Sweden and possesses over twenty-five years of experience spanning academia, industry, and national cybersecurity initiatives. Prof. De Zoysa has provided advisory and consultancy services to leading financial institutions and government agencies in the areas of information security, digital forensics, and technology risk management. He has played a pivotal role in developing cybersecurity frameworks and capacity building programs for the banking and finance sector.
A widely published researcher with over 1,400 academic citations, an h-index of 17, and an i10-index of 30, Prof. De Zoysa is recognized for his expertise in cybersecurity and national digital infrastructure resilience.
He serves on several expert committees and advisory boards guiding the digital transformation and information security strategies of key public and private sector entities. Prof. De Zoysa also serves as an Independent Non Executive Director on the Board of L B Finance PLC.
