At Union Assurance, our strength is our people. Every team member is committed to protecting what matters most to you.
Member of the Board since January 2019
Krishan Balendra is the Chairman of John Keells Holdings PLC. He is a Director of the Ceylon Chamber Commerce and the Hon. Consul General of the Republic of Poland in Sri Lanka. He is a former Chairman of Nations Trust Bank and the Colombo Stock Exchange. He started his career at UBS Warburg, Hong Kong, in investment banking, focusing primarily on equity capital markets. He holds a law degree (LLB) from the University of London and an MBA from INSEAD.
Member to the Board since August 2018
Dumith Fernando is the Chairperson of Asia Securities (Pvt) Ltd, a leading independent Investment Banking, Research, and Stock Broking firm in Sri Lanka. He has 30 years of experience in international financial markets. For two decades, he was based in global financial centres New York and Hong Kong. He served as a Director of the Colombo Stock Exchange (CSE), including as its Chairperson from 2020-2022. He was a member of the Financial Sector Stability Consultative Committee of the Central Bank of Sri Lanka.
Dumith served as Managing Director and Group Chief Operating Officer for Credit Suisse Asia Pacific, overseeing a regional business with revenues of over USD 2.5 billion. He was a member of the firm’s Global Leadership Council and Chair of its Asia Pacific Philanthropy Committee. Prior to this, he held senior roles at JPMorgan Chase.
He holds a BA (Honours) in Physics and Economics from Middlebury College in the United States and an MBA from Harvard Business School.
Member of the Board since January 2019
Stephen Appleyard is currently the CEO and Founder of Insurance Consulting Asia. He brings over 26 years of experience in the life insurance industry across Europe, the US, and Asia, having held senior leadership roles including Country Manager and CEO at AIA (Indonesia), Allianz (Ayudhya Allianz C.P., Thailand), and SCB Life (Thailand). He has also served as Regional CEO partnerships at AIA (Hong Kong) and as Head of Distribution for AXA Asia Markets (Life and Non-Life Insurance). Stephen has deep experience in strategy, distribution, marketing, finance, and operational transformation.
He holds a Bachelor of Science from Sheffield Hallam University and an MBA from the University of Manchester.
Member of the Board since April 2023
Pasan Wanigasekara is a multidisciplined corporate leader with broad international exposure across Asia Pacific, Europe, and North America, with experience spanning corporate strategy, mergers and acquisitions, strategic marketing and business development, operational optimisation, digitisation, and legal affairs. He served as the Director General of the Board of Investment of Sri Lanka (Invest Sri Lanka) until January 2022 and has since held Board positions across several blue-chip corporates operating in the Finance, Leisure, Automobiles, Agriculture, R&D, Sustainable Energy, and Manufacturing sectors.
Earlier in his career, he was Director Asia Pacific Business at a Moody’s Corporation subsidiary. Following his tenure at Moody’s, Pasan has worked as a Consultant to several Fortune 500 companies and Asia-based private equity funds on investment analysis, mergers and acquisitions, and operational optimisation, while also practising as an Attorney-at-Law. He is a qualified Chartered Management Accountant, Chartered Financial Analyst, Chartered Marketer, and Attorney-at-Law, and is also an Engineer specialising in Computer Science, having graduated from the University of Moratuwa.
Member of the Board since April 2025
Christine Dias Bandaranaike brings over 25 years of experience in capital markets across Sri Lanka and Canada. She currently serves as the CEO and Portfolio Manager of JB Financial (Pvt) Ltd, where she founded the discretionary asset management arm of the Jafferjee Brothers Group in 2011.
Christine began her career in mutual funds and private wealth management TD Bank Financial Group in Toronto before joining Citi National Investment Bank in Colombo. She is a Chartered Financial Analyst (CFA) and holds a Master’s degree in Economics from the University of Toronto, as well as a Bachelor of Arts (Hons) in Economics from the University of Western Ontario.
Christine currently serves as the President of the Unit Trust Association of Sri Lanka and is a former Vice President and Director of CFA Society Sri Lanka.
Member of the Board since June 2020
Daminda currently serves as the President of the Consumer Foods Industry Group of John Keells Holdings PLC. He was also attached to John Keells Computer Services (Pvt) Ltd and the IT Industry Group at John Keells. Prior to joining the John Keells Group, Daminda was with Hayleys Electronics Ltd and Hayleys Industrial Solutions (Pvt) Ltd. His areas of specialisations are Financial Accounting, Management Accounting, Business Analysis, Sales, Marketing and General Management.
Daminda holds a BSc. in Engineering from the University of Moratuwa and an MBA from the University of Colombo. He is a passed finalist of CIMA U.K.
Senath Jayatilake, the Executive Director and Chief Executive Officer at Union Assurance PLC, joined the Company in 2019 with over 20 years of experience in the corporate field, including the John Keells Group. Before assuming the role of Chief Executive Officer, he held the roles of Chief Distribution Officer and Deputy Chief Executive Officer in the Company. Prior to his appointment to Union Assurance PLC, he was the Chief Executive Officer of John Keells Logistics (Pvt) Ltd. His expertise spans across business development, operations management, sales and marketing, corporate finance, and business strategy. Senath holds a BA (Hons) in Finance, Accounting, and Management from the University of Nottingham (UK) and an MBA from the Postgraduate Institute of Management, University of Sri Jayewardenepura (SL). Senath is also an Associate Chartered Management Accountant and a Chartered Global Management Accountant of the Chartered Institute of Management Accountants (UK).
Rumesh Modarage, the Chief Operating Officer and the Specified Officer at Union Assurance PLC, joined the Company in 2019 with over 13 years of experience in the corporate field, including the Insurance industry. His expertise spans life insurance operations including underwriting, servicing and claims, operational risk management, compliance and internal controls, product development, call center management, customer service, complaint management, policy renewal optimization, strategy, and reinsurance. Rumesh holds an MBA from the Postgraduate Institute of Management, University of Sri Jayewardenepura (SL). Rumesh is also an Associate Chartered Management Accountant of the Chartered Institute of Management Accountants (UK), a Fellow Member of the Chartered Insurance Institute (UK), and a Chartered Insurer. Rumesh was a dedicated council member of the Sri Lanka Insurance Institute from 2019 to 2023.
Himani Weerasekera, the Chief Financial Officer at Union Assurance PLC, joined the Company in 2024 with 30 years of experience in the corporate field, including the Manufacturing and Finance industries. Her expertise spans financial planning, ensuring stringent compliance from regulators and related stakeholders, managing internal working capital requirements, controlling overheads, pricing products, and managing operational and financial feasibility. Himani holds an MBA from the University of Victoria (AUS). She is also a Fellow at the Chartered Institute of Management Accountants (UK) and a Chartered Global Management Accountant at the Chartered Institute of Management Accountants (UK).
Harsha Senanayake, the Chief Information Officer at Union Assurance PLC, joined the Company in 2016 with over 15 years of experience in the corporate field, marked by significant contributions to the Digitalisation and Enterprise Applications at the John Keells Group. Harsha holds a BSc in Computer Science from the London Metropolitan University (UK) and a Postgraduate Diploma in Information Systems Management from the University of Colombo (SL).
Imtiyaz Aniff, the Chief Agency Officer at Union Assurance PLC, joined the Company in 2021 with over 19 years of experience in the corporate field, including the Banking, IT, FMCG, and Telecommunications industries. Imtiyaz holds an MBA from the University of Wales (UK), and a Chartered Qualification in Human Resource Management from the Chartered Institute of Personnel Management (SL). He is also a Chartered Member of the Chartered Institute of Personnel Management (SL), and a Senior Certified Professional of the International Public Management Association for Human Resources (USA). Imtiyaz was presented with the HR Leadership Award by the World HRD Congress in 2020.
Mahen Gunarathna, the Chief Marketing Officer at Union Assurance PLC, joined the Company in 2019 with over 20 years of experience in the corporate field, including the Hospitality, Fashion and Textile, and Insurance industries. His expertise spans channel marketing, customer insights, experience management, and digital marketing. Mahen holds an MBA from the Postgraduate Institute of Management, University of Sri Jayewardenepura (SL). Mahen is also a Chartered Marketer from the Chartered Institute of Marketing (UK), a Qualified Member from the Sri Lanka Institute of Marketing (SL), and a Certified Professional Marketer from the Asia Marketing Federation.
Malaka Mihindukulasuriya, the Chief Actuarial Officer of Union Assurance PLC, joined the Company in 2025 with over 21 years of experience in the insurance and actuarial field, including extensive local and international exposure. A fully qualified Actuary, his expertise covers product development, pricing, reserving, solvency and capital management, embedded value, business planning, and strategic advisory across life insurance operations. Malaka holds a BSc in Business, Financial and Computational Mathematics from the University of Colombo, an MSc in Actuarial Management from City St George’s, University of London, and an Executive MBA from PIM, University of Sri Jayewardenepura. He is a Fellow Member of the Institute and Faculty of Actuaries (UK) and has also served as Chairman of the Actuarial Sub‑Committee of the Insurance Association of Sri Lanka and a Council Member of the Actuarial Association of Sri Lanka.
Wathsala Aluthgedara, the Chief Partnership Distribution Officer at Union Assurance PLC, joined the Company in 2023 with over 20 years of experience in the corporate field, including the FMCG, Investment, and Corporate Planning industries. Her expertise spans marketing, brand management, and corporate planning. Wathsala holds a BSc (Hons) in Computer Science and Information Systems from the London Metropolitan University (UK), and an MBA from the University of Wales (UK). Wathsala is also a Fellow Chartered Marketer of the Chartered Institute of Marketing (UK).
Nisansala Paranayapa, the Chief People Officer at Union Assurance PLC, joined the Company in 2024 with over 18 years of experience in multinational and local organisations within the Manufacturing and FMCG sectors. Her expertise spans extensive human resource management, industrial relations, and compliance management. Nisansala is an attorney at law and a life member of the Bar Association of Sri Lanka. She holds an MBA in Human Resource Management and an LLB (honours) from the University of Colombo (SL). She is also a member of the MBA Alumni Association of the University of Colombo (SL) and an associate member of the Chartered Institute of Personnel Management (CIPM).