Nanda Investments and Finance PLC at the board of directors meeting held on August 29, 2013 announced that Mr. Mohammed Abdul Ali, Mr. Shib Narayan Kairy, Mr. Shameran Bahar Abed, Mr. Ishara Chinthaka Nanayakkara, Mr. Waduthantri Dharshan Kapila Jayawardena, Mr. Ravindra Dhammika Tissera were appointed as Non-Executive Directors and Mr. Sammer Ahmad, Mr. Syed Afzal Hassan Uddin are appointed as Independent Directors. The board of directors also accepted the resignations of Mr. S.P Jayawardana as Chairman, Mr. L.A. Mallawarachchi as executive director, Mr. K.L.J.N Perera as Independent Non Executive Director, Mr. P. Mallawarachchi as executive director, Mr. C. Mallawarachchi as executive director, Mr. Jamburegada Osnda Manjusri Gamage as Independent Non Executive Director. Mr. Muhammad A. (Rumee) Ali served at different levels in local and international banking sector.

Mr. Ali serves as a Director of BRAC Bank Limited and as the Chairman of BRAC EPL Investments Limited, BRAC EPL Stock brokerage Limited, b-Kask Limited and Documenta Limited and is a member of the boards of several organizations including International Chamber of Commerce, Bangladesh. Shib Narayan Kairy was appointed as a Director to the Board of Directors of BRAC Bank Limited in 2008. In addition, he is the Chairman of Board Audit Committee.

Besides being the Director Finance & CFO of BRAC, Shib Narayan Kairy is also Director of Documenta TM Ltd., Bangladesh Netting Factory Ltd., BRAC Industries Limited, BRAC Service Limited. BRAC Karnafuli Tea Co. Ltd., BRAC Kaiyachera Tea Co.

Ltd. BRAC Banshali Tea Co. Ltd. and BRAC Kodala Tea Co. Ltd. Shameran Bahar Abed is the Associate Director of BRAC's microfinance programme.

Ravi Tissera joined LOLC group in 1993 and is Development Finance Specialist. W.D.K Jayawardena is the Managing director and Group CEO of LAnka ORIX Leasing company PLC since 2007. Ishara Nanayakkara was recently appointed as Deputy Chairman of Seylan Bank.

He also serves as Chairman of LOLC Micro Credit Ltd. Sammer Ahmad, most recently, prior to establishing RSA was the consultant with PrincewaterhouseCoopers for restructuring Agrani Bank. Syed Afzal Hassan Uddin is advocate of Supreme Court of Bangladesh and the Managing Partner of SYED ISHTIAQ AHMED & ASSOCIATES.