Softlogic Life Insurance PLC announced that Mr Sujeewa Rajapakse has been appointed as the Deputy Chairman of the Company. The appointment is following the retirement of Mr Paul Ratnayeke from that position.

Mr Rajapakse, who serves as a senior independent director of the Board of Softlogic Life, counts over 30 years of experience in audit and consultancy services. He is an expert in providing Business Advisory Services covering a wide range of industries from general trading, apparel, real estate, leisure management and plantations, finance and banking. In addition to being a Fellow Member of The Institute of Chartered Accountants of Sri Lanka, he holds a Master’s Degree in Business Administration from the University of Sri Jayewardenepura, Sri Lanka. He has gained extensive exposure from the International Federation of Accountants (IFAC), Confederation of Asia Pacific Accountants (CAPA) and South Asia Federation of Accountants (SAFA).

Mr Rajapakse is a Past President of the Institute of Chartered Accountants of Sri Lanka (ICASL) and the International Liaison Partner (ILP) of BDO Partners, Sri Lanka. He is currently the Managing Partner of BDO partners, Chairman of the Statutory Auditing Standard Committee of the ICASL, board member of the Sri Lanka Accounting and Auditing Standard Monitoring Board, Council Member of the University of Sri Jayawardenapura. He was a member of the Monetary Policy Consultative Committee of the Central Bank of Sri Lanka (CBSL), Commission member of the Securities and Exchange Commission and the Sri Lanka Pay Commission.

The Board of Directors of the Company will now comprise of Mr Ashok Pathirage (Chairman), Mr Sujeewa Rajapakse (Deputy Chairman), Mr Iftikar Ahamed (Managing Director), Mr Ray Abeywardena, Mr Rudiger Will, Mr Haresh Kaimal, Ms Fernanda Lima and Mr Chula Hettiarachchi.

Softlogic Life Insurance PLC is a subsidiary of Softlogic Capital PLC and is part of the Softlogic Group, which is recognised as one of Sri Lanka’s most diversified and fastest-growing conglomerates with interests in Healthcare, Retail, ICT, Leisure, Automobiles and Financial Services. Significant stakeholders in the company include global investors; DEG and Leapfrog Investments. Softlogic Life was recognized as the Brand of the Year at Effie Awards 2019 and was the only Sri Lankan company to be featured in the 200 Forbes Asia 2019 Under USD 1 Billion list.