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 About Taprobane

Ambeon Capital PLC (formerly known as Taprobane Holdings PLC) was incorporated in Sri Lanka on 20th September 2006 as a public limited liability company and re-registered under the Companies Act No.7 of 2007 on 3rd August 2009. On 17th May 2012 the company was successfully listed on the Diri Savi Board of the Colombo Stock Exchange boosting and strengthening stakeholder confidence.

Some of our key milestones:

2006

  • Incorporated Taprobane Holdings (Pvt) Limited
  • Relocation to new building

2009 

 

  • Acquisition of Browns Investments Limited

 

2010 

 

  • Commenced corporate finance activities 

 

2011

  • Commenced margin trading activities

2012

  • Obtained listing on the Colombo Stock Exchange
  • Disposal of Browns Investments Limited
  • Acquisition of a 29% stake in Lanka Century Investments PLC

2013

  • Opened a branch for stock broking in Hambantota
  • Managed largest non-bank listed debenture issue

2014

  • Acquisition of Capital Trust Partners (Pvt) Limited
  • Lanka Century Investments PLC becomes a subsidiary of the Group
  • Further increased stake in Lanka Century Investments PLC from 46.19% to 80.76%
2015
  • CHC Investments (Pvt) Limited acquires 31.31% stake in Taprobane Holdings PLC

 



 Vision & Mission

At Taprobane Holdings PLC we define our vision and mission as follows:


Vision

To be the most recognized investment powerhouse in the country.


Mission

To provide a range of financial services in a manner that achieves maximum customer satisfaction, while optimizing the return to the company and to relentlessly search for new investment opportunities in diversified sectors so as to be the most recognized and sought after investment power house in the country.



 Corporate Values and Ethics

Basic Integrity

At Taprobane Holdings integrity is of utmost importance. We ensure business ethics and values at corporate level are maintained at all times with all stakeholders, including customers. Leaders are expected to communicate openly and with transparency both internally and externally, and employees must communicate truthfully at all times.




Employee Management

Employees are the most important asset at Taprobane Holdings PLC . Along with providing respect and fair working conditions, the management at Taprobane is also open to feedback and suggestions while encouraging employee initiative in decision-making. We have also established a fair hiring practice policy and promote a culture of non-discrimination. At Taprobane Holdings PLC we recognize that managing diversity is vital to the success of a organization.




Community Relations

We believe that it is important that a business gives back to the community, therefore we strive to balance shareholder and community expectations in all our activities and decisions. This not only includes allocating a certain level of funds for charitable purposes and community programs, but also includes such things as employee time off for volunteering to serve on and drive community development initiatives sanctioned by Taprobane Holdings PLC.




Environmental Responsibility

We are conscious that the environment protection initiatives need the sponsorship of corporate Sri Lanka and have been a leading force among companies that have responded to government requests for self-regulation on many environmental issues. We also ensure we meet all government regulations and public demand for better environmental preservation and efficiency standards.

For some companies within the portfolio, this means well-established recycling programs that encourage or require employees to recycle whatever materials are common to the company. Others far exceed basic recycling programs and participate in reforestation, biodegradable waste management and energy utilization programs.




Teamwork and Diversity

Another prominent trait of the 21st century business marketplace that we at Taprobane have embraced is the concept of work teams. We include values like teamwork and co-operation in our employee evaluation and incentive structure to indicate the importance of cooperative efforts within the company.

Closely related is the value of diversity. Taprobane Holdings place great emphasis on hiring a diverse workforce and promoting acceptance of differences through team involvement and interaction.




Customers

“At Taprobane Customer is King” a much used and hackneyed phrase in corporate parlance. However we have put this statement to practice in our day to day business activities.

"Customer Satisfaction" is key to our business success. We believe in providing the best customer service when dealing with our customers and striving to achieve the best possible risk-return profile for our clientele.

Our employees are advised and expected to deliver the best customer service experience possible at all times and under any circumstance.




Quality

We place emphasis in providing the highest possible service quality to all our Investors and customers.




Profit

As a business we naturally work towards improving our business growth and profitability in order to meet objectives of our stakeholders.




Social Responsibility

Our businesses monitor and ensure active compliance with the spirit of the law, ethical standards, and international norms.

We embrace responsibility for the company's actions and encourage a positive impact through all operational activities on the environment, consumers, employees, communities, stakeholders and all other members of the public sphere who may also be considered as stakeholders.



 Board of Directors

THE BOARD OF DIRECTORS


Mr. Sanjeev Gardiner

Chairman/Non-Independent Non-Executive Director

Mr. Sanjeev Gardiner counts over 28 years of Management experience in a diverse array of businesses and is the Group Chairman and Chief Executive Officer of The Galle Face Hotel Group, which includes Ceylon Hotels Corporation PLC, of which he is the majority shareholder and principal owner and Kandy Hotels Co.(1938) PLC of which he is the Owner / Chairman. He is also a Director of many public quoted and unquoted companies including Cargills (Ceylon) PLC. Mr. Gardiner holds a Bachelor of Business Degree (Economics and Finance) from the Royal Melbourne Institute of Technology and a Bachelor of Business Degree (Banking & Finance) from Monash University, Australia. Mr. Sanjeev Gardiner has been a Council Member of the Governing Body of HelpAge Sri Lanka (HASL) for over a decade. He is the Trustee of Sir Chittampalam A Gardiner Trust which amongst other donations helps several schools around the country with endowments. He is a life member of many prestigious charitable organisations where millions have been donated in the name of the Sanjeev Gardiner Foundation. Mr. Gardiner was appointed as the Brand Ambassador for the prevention of Chronic Kidney Disease in Sri Lanka by His Excellency the President of Sri Lanka.

 

 

Mr. Ajith Devasurendra

Deputy Chairman/Non-Independent Non-Executive Director

Mr. Ajith Devasurendra is a veteran in the financial services industry in Sri Lanka and counts more than 34 years’ work experience both in Sri Lanka and overseas. As one of the pioneers in money markets, he was able to bring new dimensions to the local money market industry. He acted as a consultant to Price Water House Coopers, Bombay, India on an USAID project. He was appointed to the Board on 20 September 2006 as a Non-Independent Non-Executive Director. Mr. Devasurendra is the Chairman of South Asia Textile Industries Lanka (Private) Limited, Deputy Chairman of Dankotuwa Porcelain PLC, and Director of Ceylon Hotels Corporation PLC.    

     

 

Mr. Murali Prakash

Group Managing Director/Chief Executive Officer

Mr. Murali Prakash is currently the Group Managing Director / Chief Executive Officer of Ambeon Capital PLC and Ambeon Holdings PLC. Ambeon Capital PLC is the Investment company and the parent of Ambeon Holdings PLC, the Investment Holding and Management Company of Ceylon Leather Products PLC., Colombo City Holdings PLC., Dankotuwa Porcelain PLC., Millennium Information Technologies (Pvt) Ltd., Royal Fernwood Porcelain Limited, South Asia Textiles Limited and Taprobane Capital Plus (Pvt) Ltd. Mr. Prakash serves as a Director on respective boards of all these private and public quoted subsidiaries within the Group. He also serves as a Non-Executive Director of LAUGFS Holdings Limited, LAUGFS Gas PLC., and several other subsidiaries of the LAUGFS Group. With over 35 years of experience holding key management positions in the areas of general management, strategic restructuring, investments/credit management, manufacturing, marketing / sales and business consultancy, some of his previous roles include serving as the Group Managing Director/Chief Executive Officer of Browns Group of Companies, a public quoted conglomerate involved in trading, manufacturing, finance, leisure, plantations, healthcare and strategic investments, the Chairman of Galoya Holdings (Private) Limited and the Sales Director of Singer (Sri Lanka) PLC. He has also served on the Boards of Singer (Sri Lanka) PLC., Singer Finance (Lanka) PLC., and Singer Industries (Ceylon) PLC. Mr. Prakash holds an MBA from University of Southern Queensland and is also a Certified Professional Marketer (Asia Pacific) and a Certified Management Accountant (Aus.). He also holds an Executive Diploma in Business Administration from the University of Colombo and is an Alumnus of the National University of Singapore and the Asian Institute of Management, Manila. He is also a Fellow Member of the Chartered Management Institute (London) and Certified Professional Managers, Sri Lanka.

 

 

Mr. Priyantha Fernando

Independent Non-Executive Director

Mr. Priyantha Fernando holds a B.Sc degree from the University of Peradeniya and a M.Sc degree in Statistics from the University of Birmingham, England. He has over 40 years of experience in the banking and finance sectors, as a regulator and Independent Non-Executive Director. He was appointed to the Board on 27 December 2011 as an Independent Non-Executive Director. He was attached to the Central Bank of Sri Lanka serving in senior and diverse capacities. He was the Deputy Governor of the Central Bank of Sri Lanka, from January 2010 to September 2011 in charge of the Financial System Stability and the Corporate Services clusters. Mr. Fernando has extensive experience and expertise in the fields of Banking and Financial Sector regulation, Information Technology, National Accounting and Statistics, Fund Management, Risk Management, Restructuring, and stabilisation of financial distressed companies. At the Central Bank he was the Chairman of the Financial Stability Committee, Member of the Monetary Policy Committee, Member of the Risk Management Committee and the Chairman of the National Payment Council. He was an Ex-Officio Board Member in several regulatory organisations namely Securities and Exchange Commission of Sri Lanka, the Insurance Board of Sri Lanka, the Chairman of the Credit Information Bureau of Sri Lanka, Chairman of Institute of Bankers – Sri Lanka and Board Member at Employer’s Trust Fund, LankaClear (Pvt) Ltd and Lanka Financial Services Bureau. During his career he has initiated and spearheaded several key projects of national importance, especially in the area of the advancement of the national payments and settlement system, infrastructure. Mr. Fernando has served in a number of committees at national level covering a range of subjects representing the Central Bank. Presently, Mr. Fernando holds the positions of Chairman Commercial Leasing and Finance PLC, Deputy Chairman of Union Bank PLC and a Non-Executive Independent Director at Ceylon Leather Products PLC, Taprobane Holdings PLC (now Ambeon Capital PLC), Thomas Cook Travels Sri Lanka (Private) Limited and Imperial Institute of Higher Education.

 

 

Mr. Harsha Amarasekera P.C.

Non-Independent Non-Executive Director

Mr. Amarasekera, President Counsel is a leading Lawyer in Sri Lanka having a wide practice in the Original Courts as well as in the Appellate Courts, specialising in Commercial Law, Business Law, Securities Law, Banking Law and Intellectual Property Law. He also serves as an Independent Director in several leading listed companies in the Colombo Stock Exchange including CIC Holdings PLC (Chairman), Vallibel One PLC, Expo Lanka Holdings PLC, Royal Ceramics Lanka PLC, Chevron Lubricants Lanka PLC, Amana Bank PLC, Amaya Leisure PLC, and Vallibel Power Erathna PLC. He is also the Chairman of CIC Agri Business (Private) Limited.

 

 

Mr. Ranil Pathirana

Non-Independent Non-Executive Director

 Mr. Pathirana was appointed to the Board of Ambeon Capital PLC on 26 October 2015. He is a Director of Hirdaramani Apparel Holdings (Private) Limited, Hirdaramani Leisure Holdings (Private) Limited and Hirdaramani Investment Holdings (Private) Limited which are the holding companies of the Hirdaramani Group. He is also the Managing Director for Hirdaramani International Exports (Pvt) Limited, a Director of Star Packaging (Private) Limited and Windforce (Private) Limited. Mr. Pathirana is a Non-Executive Director of Sampath Bank PLC, Ceylon Hotels Corporation PLC, BPPL Holdings PLC, ODEL PLC & Alumex PLC. He is a Fellow Member of the Chartered Institute of Management Accountants, UK and holds a Bachelor of Commerce Degree from the University of Sri Jayewardenepura.

 

 

Mr. Sarinda Unamboowe

Independent Non-Executive Director

A Director of MAS’ Apparel Board, Sarinda is currently the CEO & Managing Director of MAS Kreeda, the Nike division of MAS Holdings, and heads Environmental Sustainability for the Group. Having joined MAS in 2001 as the CEO of Linea Aqua, he is also a member of MAS’ Innovations Leadership Team and serves on the Board of Biodiversity Sri Lanka. An alumnus of Ithaca College, New York, Sarinda received his Executive education at the INSEAD School of Business, Cornell University and Tuck School of Business at Dartmouth. He is also a recipient of the Humanitarian Alumni Award 2016 conferred by his alma mater –- Ithaca College for his humanitarian efforts and is a Trustee of two separate charities namely - The Colours of Courage Trust and The Wheels for Wheels Foundation.

 

 

Desamanya Deva Rodrigo

Independent Non-Executive Director

Desamanya Deva Rodrigo, a Fellow Member of the Institute of Chartered Accountants of Sri Lanka, is the former Territory Senior Partner of Price Water House Coopers, Sri Lanka and Maldives, and a past Chairman of the Ceylon Chamber of Commerce. He was appointed to the Board on 26 October 2015 as an Independent Non-Executive Director. He is also an Independent Director of Chevron Lubricants Lanka PLC, Non-Executive Director of Cargills Ceylon PLC and has held public sector appointments as a member of the Monetary Board of the Central Bank of Sri Lanka, the Administrative Reforms Committee, National Council for Administration, Presidential Commission on Trade and Tariffs, Telecom Regulatory Commission and several others

 



 Management Team

THE CORPORATE MANAGEMENT

Mr. Ruwan Sugathadasa 

Chief Executive Officer

Mr. Ruwan Sugathadasa possesses over 20 years’ experience in Government and Corporate Debt Market including over 11 years in Senior Management Capacity in aCentral Bank appointed Primary Dealer. He was also involved in Money Brokering, Corporate Debt Placement and Asset Management, being involved with Taprobane Holdings PLC inception he currently serves as CEO of the organization. Mr. Sugathadasa holds a MBA from the University of Preston in USA. Mr. Sugathadasa also serves as a Director of Lanka Century Investments PLC, Browns Investments PLC, Colombo City Holdings PLC, Dankotuwa Porcelain PLC, Royal Fernwood Porcelain Ltd and South Asia Textiles Industries Lanka (Pvt) Ltd.

 

Niranjan Niles

Executive Director/CEO Taprobane Securities

Mr. Niles accounts for nearly two decades of working experience in the Capital Markets of Sri Lanka. He embarked upon a career in the fi­eld of Stock Broking in 1994 as a Floor Broker at Lanka Securities (Pvt) Ltd and obtained his quali­cation as a licensed Investment Advisor from the Securities and Exchange Commission of Sri Lanka in 1998. He joined Taprobane Securities (Pvt) Ltd soon after its inception in the capacity of Head of Sales. Niles had handled myriad of customer portfolios varying from retailers to high networth individuals and corporates. In January 2010, he was promoted as Assistant General Manager, and was appointed as an Executive Director of the company. Presently Mr. Niles serves as Executive Director/ CEO of Taprobane Securities (Pvt) Ltd. He is also a Director at the Hebron Bible Ministry.

 

Mr. C. Nishantha Jayasooriya

Managing Director/CEO Taprobane Investments (Pvt) Ltd

Having commenced his career as a Money Broker at Bartleet Mecklai & Roy Ltd in 2000, he joined Capital Alliance Money Brokers (Pvt) Ltd, in 2004 as a Senior Dealer, and dealt extensively in the Money & Foreign Exchange and Fixed Income Securities. Subsequently in 2006 he joined Taprobane Investments (Pvt) Ltd, a subsidiary of Taprobane Holdings PLC where he presently holds the position of Managing Director/CEO. He is a Member/Director of the Money Brokers’ Association of Sri Lanka. He is also a Director of Paint Crafts (Pvt) Ltd, a classic car restoration company recently incorporated under a joint venture agreement.

 

Mr. Haritha Perera

Group Accountant  

Mr. Haritha C. Perera has over 12 years’ experience in various aspects of fi­nancial reporting, collecting and analyzing data to identifying trends, making projections and assisting with managerial decision-making (­nancial reporting, analysis and modeling), business valuations etc. Even though his core experience is in accounting & fi­nance, his overall experience extends from operations, administration and marketing to human resource development and strategy. He holds a Bachelor of Business Management degree {B.B. Mgt (Accountancy) Sp.} from the University of Kelaniya in Sri Lanka. He is also a diploma holder of the Higher National Diploma in Accountancy (HNDA) from the Sri Lanka Institute of Advanced Technological Institute (SLIATE). He has completed Final II level examination of Institute of Chartered Accountants of Sri Lanka (ICASL). He is also an Associate Member (MAAT) of the Association of Accounting Technicians of Sri Lanka.

 

Mr. Roshan Antony

Head of Treasury  

Mr. Roshan Anthony counts over 21 years’ experience in the fields of foreign exchange, money markets, government securities trading and corporate debt markets in Sri Lanka. He has held the following position of AGM - First Capital Treasuries from 1993 to 2004 prior to joining the Taprobane Holdings Group. He also the MD / CEO of Lexinton Financial Services (Pvt) Ltd, Margin Provider regulated by Securities & Exchange Commission of Sri Lanka. He also holds the Directorate of Taprobane Mutual Fund Management Ltd, Lexinton Holdings (Pvt) Ltd, Lexinton Resorts (Pvt) Ltd and CIC Poultry Farms Ltd.

 

Ms. Senila Jawfer

Head of Business Consultancy 

Senila joined Taprobane Holdings PLC in August 2013 and is involved in the research activities of the organisation.Prior to this appointment, Senila had worked in the capacity of senior fi­nancial analyst in Rating Agency Malaysia (Sri Lanka) for a period of 4 years, covering the credit rating of banks, fi­nance companies, insurance, power and diversi­ed conglomerates. Senila is an Associate Member of the Chartered Institute of Management Accountants (UK) and holds a Masters’ degree in Business Studies from the University of Colombo.



 Taprobane Group Structure