Sampath Bank PLC, announced the appointment of Prabhash Subasinghe to its Board of Directors, effective from 1 December 2023.
This decision, ratified during the board meeting on 30 November was made under the recommendation of the Board Nominations and Governance Committee, following the necessary regulatory approvals, including the approval from the Director of Bank Supervision Department of the Central Bank of Sri Lanka.
Prabhash Subasinghe, a distinguished entrepreneur with a track record of rapid success in building global companies, brings with him a wealth of experience and leadership. Known for his visionary approach, Prabhash is a Cornell University alumnus with a background in Applied Economics and Business as well as an alumnus of the Harvard Business School. His commitment to transforming Sri Lanka into a hub for multinational companies aligns seamlessly with Sampath Bank’s strategic goals.
As the founder of Global Rubber Industries Pvt. Ltd. (GRI) and Global Sea Foods Pvt. Ltd. (GSF), Prabhash has demonstrated his prowess in steering companies to global prominence. GRI, a manufacturer of high-performance specialty tires, while GSF, a processor and supplier of high-quality seafood, has made significant strides in the international market.
Prabhash’s diverse business portfolio also includes investments in insurance, banking, luxury real estate, and a role as the principal shareholder of Ceylinco Insurance PLC, the largest listed insurer in Sri Lanka.
Ayenka Holdings, an investment company founded by Prabhash, boasts a large and diverse portfolio of investments in the Colombo Stock Exchange (CSE) and a luxury real estate project in the Maldives.
Furthermore, his influence extends to the banking sector, with investments in Sanasa Development Bank (SDB)--one of the main shareholders in Sampath Bank, and a Non-Executive Director at Hemas Holdings PLC.
Prabhash was also a past Chairman of the Sri Lanka Export Development Board (EDB).
Prabhash, envisions being a catalyst for the next generation of corporate growth in Sri Lanka. The Global Group of companies under his leadership operates in ten offices worldwide, employing 1200 professionals with sixteen nationalities.