Shanika Amarasekara to lead Finance & Leasing Association with focus on sustainable growth
The Finance & Leasing Association (FLA) has made a significant leadership transition with the appointment of Shanika Amarasekara as its new director general, set to take over in August following Stephen Haddrill's retirement at the end of July. This change comes at a pivotal moment for the organisation, which represents an essential sector in the UK economy.
Amarasekara joins the FLA after nearly a decade at the British Business Bank, where she held the position of chief impact officer. In this role, she oversaw the Insight & Impact team, focusing on economic strategy, environmental, social, and governance (ESG) issues, and public affairs. Her strong background also includes significant legal and strategic contributions as general counsel at both the British Business Bank and the International Islamic Liquidity Management, an institution established to enhance global financial stability.
In the wake of Haddrill's tenure, during which he modernised the FLA and adapted its strategy to evolving market dynamics, Amarasekara is expected to build on this strong foundation. John Phillipou, chair of the FLA, expressed confidence in her ability to shape the association’s future, noting her extensive range of contacts and industry insights that will be instrumental in driving the organisation forward.
Amarasekara’s vision for the FLA underscores the critical role that finance and leasing have in fostering sustainable growth. “It’s an honour to be joining the FLA at such a pivotal time,” she remarked, emphasizing both the association’s robust foundation and her ambition to enhance its visibility and value. The focus on sustainable financing is increasingly pertinent, particularly in an era marked by economic uncertainty and evolving consumer needs.
Her commitment to innovation and customer fairness aligns with the broader trends seen across the finance sector. Many organisations are recognising the importance of adapting their services to meet the demands of a changing landscape, particularly as businesses and consumers seek solutions that are both effective and responsible. Amarasekara's prior work in fintech and her involvement in various initiatives to stimulate economic growth position her well to address these challenges.
Beyond her responsibilities at the FLA, Amarasekara also holds several non-executive board positions, including roles with the London Legacy Development Corporation and the London Stadium. These responsibilities lend an additional layer of governance insight, which will be valuable in her new role. Her leadership in these contexts reflects a commitment to strategic oversight and accountability, crucial attributes for guiding the FLA as it navigates future challenges.
As the sector faces increasing scrutiny over its environmental impact and social responsibility, Amarasekara’s emphasis on sustainable finance will likely resonate with both FLA members and external stakeholders. The ongoing discussions about balancing profit with purpose have moved to the forefront of financial dialogues, making her appointment particularly timely.
In conclusion, Shanika Amarasekara’s ascension to the role of director general at the FLA signals a forward-looking approach to leadership in the finance and leasing industries. With her extensive experience and a clear vision for the future, she is poised to lead the association through a transformative period, enhancing its contribution to the economy while fostering sustainable practices and innovation.