First Capital Treasuries PLC, Sri Lanka’s oldest operating non-bank primary dealer, announced the appointment of Sachith Perera as the company's Chief Executive Officer with effect from 31^st July 2023.

Sachith is a financial market professional with a career spanning over 30 years primarily in Treasury and Balance Sheet Management and Financial Derivative Solutions. He is a respected professional in the banking industry, having served over 26 years at HSBC, 12 of which were in the capacity of Treasurer and Head of Global Markets for HSBC Sri Lanka and the Maldives. In this role, he was responsible for the bank’s forex and rates management, derivatives trading, balance sheet management and custodial services for foreign investors in local equities. Sachith also served as a member of the Executive, Balance Sheet Management, Risk Management and Compliance committees at HSBC.  He is a Diploma holder from the ACI Financial Markets Association which is a leading global trade association representing the interests of the financial markets community.

Speaking about the appointment, Managing Director / Chief Executive Officer of First Capital Holdings PLC, Dilshan Wirasekara said: “I am pleased to welcome Sachith to First Capital at this important juncture. He brings extensive leadership experience and expertise that will further strengthen our organization as First Capital looks ahead with the vision of improving lives of all Sri Lankans through financial solutions and a mission of leading the way in innovative solutions to manage risk and create wealth. “

Furthermore, Dilshan Wirasekara will transition as a Non-Independent Non-Executive Director on the Board of First Capital Treasuries PLC. His continued presence on the Board will provide valuable insights and support as the company progresses with its strategic initiatives. Moreover, Dilshan will continue to serve as the Managing Director/CEO of First Capital Holdings PLC, the Group entity, focusing on building and expanding the Group's business units. His dual role will further strengthen the Group's position in the financial services industry to drive the diversification and expansion of its portfolio.

First Capital Treasuries PLC (the Company or FCT) is a subsidiary of First Capital Holdings PLC, a member of the Janashakthi Group. With over 40 years of industry expertise, FCT is the leading standalone non-bank primary dealer (PD) in Sri Lanka, appointed and regulated by the Central Bank of Sri Lanka to deal exclusively in government securities.

Photo captions:

1. Sachith Perera – Chief Executive Officer of First Capital Treasuries PLC
2. Dilshan Wirasekara –Managing Director / Chief Executive Officer of First Capital Holdings PLC