AMF appoints new Board post LB Finance acquisition

FOLLOWING the acquisition by LB Finance PLC, Associated Motor Finance Company PLC (AMF) has appointed a new Board, with G.A.R.D. Prasanna as Chairman/ Non-Executive Director and Niroshan Udage as Deputy Chairman/ Executive Director.

- 

Other Board members include Piyal Hennayake as Senior Director/Independent Non-Executive Director, B.D.A. Perera as Non-Independent Non-Executive Director, and Ashwini Natesan and Prof. Nandika Kasun De Zoysa as Independent Non-Executive Directors.

Prasanna has extensive experience in various business management strategies and is a business leader with a diverse background in manufacturing, banking and finance, leisure, plantations and hydro-power generation. He has many years of experience in managing businesses and has gained substantial governance experience through his leadership of boards of both quoted and unquoted companies. He was the former Chairman of Pan Asia Banking Corporation PLC. His current Directorships include Chairman of LB Finance PLC, Managing Director of Wise Property Solutions Ltd., Non-Executive Director of Royal Ceramics Lanka PLC, Grandmark Ltd., and La Forteressee Ltd., and as a Director of several private companies.

Udage currently serves as the Managing Director of LB Finance PLC. His association with LB Finance began in 2004, when he joined as General Manager, Asset Finance. His dedication and strategic vision led to his appointment to the Board in 2007, and subsequently as Deputy Managing Director in 2021 and finally as its Managing Director in July 2025. With over 34 years of experience in the finance industry, Udage’s career includes a decade at Lanka ORIX Leasing Company PLC and three years at Mercantile Investments Ltd., before joining LB Finance PLC. His expertise spans credit, finance, risk management, and innovation, areas that have significantly contributed to the company’s continued profitability and strength.