Asia Securities Chairman Dumith Fernando appointed to Union Assurance (UAL) Board

Dumith Fernando

August 3, 2018 (LBO) – Asia Securities Chairman has been appointed as an Independent Non-Executive Director of CSE listed insurance company Union Assurance (UAL).

Profile of Mr. Fernando from Asia Securities website:

“Based in Colombo, Mr. Fernando is one of most experienced senior global investment bankers in Sri Lanka, with over two decades in the industry internationally. He is the former Managing Director and Group Chief Operating Officer of Credit Suisse, Asia Pacific, based in Hong Kong, and prior to that Chief Operating Officer of Asia Pacific Equities at both Credit Suisse and JP Morgan. He has also held various positions in corporate finance, M&A advisory, private equity investing and corporate strategy at JPMorgan in New York and Hong Kong. Mr. Fernando serves on the Board of Directors of the Colombo Stock Exchange. He is also a member of the Economic Policy Steering Committee of the Ceylon Chamber of Commerce, a Senior Advisor at Tybourne Capital Management (Hong Kong) as well as Non-executive Chairman of several early stage companies. Mr. Fernando holds a BA (Honors) in Physics & Economics from Middlebury College, USA and an MBA from Harvard Business School.”

UAL has equity of over Rs11bn, and is 92% owned by John Keells Holdings PLC.