People's Leasing & Finance PLC announced that Mr. D. P. Kumarage retired from the office of chief executive officer/general manager of the company with effect from 30th June 2017 and the board of directors of the company appointed Mr. Ahamed Sabry Ibrahim as the new chief executive officer/general manager of the company with effect from July 2017. Mr. Ibrahim has over 33 years of banking experience primarily in the areas of Corporate Banking, Treasury Management and Risk Management and has held very senior positions both locally and internationally including, Senior Deputy General Manager, Wholesale Banking (October 2014 to September 2016) and Senior Deputy General Manager, Risk Management (August 2007 to October 2014) of People's Bank, Deputy General Manager, Head of Treasury, Head of Corporate Banking & Recoveries, Chief Risk Officer and Chief Credit Officer of Hatton National Bank PLC (2004 to July 2007) and Head of Credit and GSAM, Standard Chartered Bank (2002 to 2004).