SSP Corporate Services (Private) Limited announced that the resignation of Mr. Modarage Joseph Travis Waas from the post of independent non-executive chairman of Capital Alliance Finance PLC with effect from November 17, 2014 has been accepted by the Board of Directors. The company announced that Mr. Widanalage Ajith Terence Fernando has been appointed as the independent non-executive chairman of Capital Alliance Finance PLC with effect from November 17, 2014. Mr. Fernando has over 25 years' experience in the capital markets of Sri Lanka.

Having founded Capital Alliance in 2000, he currently serves as the CEO of the 'Capital Alliance Group which includes Capital Alliance Holdings Ltd. Capital Alliance Ltd.