Sri Lanka’s People’s Merchant Finance removes CEO

July 14, 2015 (LBO) – Sri Lanka People’s Merchant Finance, a subsidiary of People’s Bank of Sri Lanka said it removed the Chief Executive Officer and director of the company following a directive of Monetary Board.

The company said, that in term of section 25(1) (h) of the Finance Business Act, the Monetary Board has directed the company through a letter dated 4th June this year to remove Govindasamy Ramanan from the post of Director and the Chief Executive Officer of the company on the same day.