Dassanayake new chairman of Entrust Securities

Mr. Nihal Rangala, Chairman of Entrust Securities PLC, has retired from his position with effect from April 8 upon reaching the age of 70-years to comply with the local Treasury Bills (Primary Dealers) Regulation No.1 of 2009 and Registered Stocks and Securities (Primary Dealers) Regulation No.1 of 2009), Entrust announced in a Stock Exchange filing on Wednesday.

He has been succeeded by Mr. Isira B.B. Dassanayake, Group Chairman/Executive Director as the new chairman of the company with immediate effect subject to formal approval from the Public Debt Department of the Central Bank.

Entrust said that Dassanayake who holds a Master’s degree in Public Administration counts over 15 years experience in the private and public sectors.

He currently serves the boards of Entrust Limited, Entrust Investments Limited, Entrust Healthcare Limited, Maruthi Estates Limited, Continental Capital (Pvt) Limited, Pacific Trust (Pvt) Limited, Multi Finance PLC and Entrust PLC as Executive Director/Group Chairman.

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