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Veteran Banker Eastman Narangoda appointed Chairman of George Steuart Finance

Colombo, November 12th 2013: George Steuart Finance PLC today announced that it has appointed eminent banker Eastman Narangoda as its new Chairman. He takes the place of Prof. Arjuna De Silva who has served GS Finance since 2010.

Mr. Narangoda is the former Chairman of Seylan Bank PLC, a position he held from 2009 till March 2012. Previously he was the General Manager / Chief Executive Officer of the National Savings Bank for five years having served the bank in several capacities since 1975. His wealth of experience is backed by a BA Special Degree in Economics specializing in Banking and Currency from the University of Peradeniya.

In recognition of his contribution to the banking sector and the country, Mr. Narangoda was awarded the “Most Outstanding Sri Lankan Award 2010” in the category of Business Management by the International Association of Lions Clubs and has also authored the Sri Lankan chapter of the book titled “Small Savings Mobilization and Asian Economic Development” which was sponsored by the United Nations.

During his career Mr. Narangoda has held various positions such as President of the Association of Professional Bankers of Sri Lanka (2005/2006), Director/Vice Chairman of Financial Ombudsman (Sri Lanka) Ltd, Director of NSB Fund Management Co, Asha Central Hospital Ltd, Mercantile Leasing Ltd and Director of Wealth Trust Corporation Ltd. He is also a council member / fellow of the Association of Professional Bankers of Sri Lanka and Sri Lanka Institute of Training and Development. At present he serves on the Board of Directors of Easwaran Brothers, Deshodaya finance Company and Asset Trust Management (Pvt) Ltd.

George Steuart Finance PLC is a Finance Company registered with the Monetary Board of the Central Bank of Sri Lanka under Finance Business Act No. 42 of 2011. The company has been in business for 7 years having first commenced operations in 2005 as “Asia Commerce Limited”. GS Finance operates seven branches across the island, the most recent being in Kandy and Kurunegala. The new appointment showcases the company’s forward thinking strategies in taking its core business of offering financial intermediary services to the next level. With a diverse Board of Directors from backgrounds including banking, finance, legal, insurance, communication, fund management and leisure together with the dynamic management team, GS Finance has harnessed its strengths in different disciplines to ensure profitable solutions for customers and consistent growth for the company.