First Capital Asset Management Limited Appoints Kavin Karunamoorthy to the Board of Directors

First Capital Asset Management Limited, a subsidiary of First Capital Holdings PLC, is pleased to announce the appointment of Kavin Karunamoorthy as a Non-Independent Executive Director to the Company’s Board of Directors, with effect from December 2025.

Kavin currently serves as the Chief Executive Officer of First Capital Asset Management Limited, a position he has held since April 2025. Bringing over 23 years of comprehensive expertise in treasury and investment banking, his appointment further strengthens the Company’s leadership and governance framework.

A seasoned financial professional, Kavin is a Licensed Investment Advisor (CSE) and possesses significant proficiency across multiple domains, including fixed income dealing, foreign exchange, asset and liability management, corporate finance, and fund management. His deep industry exposure has been shaped through both local and international engagements, including notable tenures with leading financial institutions such as Nations Trust Bank, DFCC Bank, and the National Savings Bank.

Kavin’s academic credentials include a Master of Business Administration from Cardiff Metropolitan University, UK. He also holds a Dealing Certificate awarded by the ACI Financial Markets Association, Paris, underscoring his commitment to continuous learning and professional excellence. Over the course of his career, including more than seven years with First Capital, he has undergone extensive training in treasury operations, investment management and asset and liability management.

With this appointment, the Board of Directors of First Capital Asset Management Limited now comprises, Nishan De Mel - Chairman / Independent Non-Executive Director, Kuda Banda Herath - Independent Non-Executive Director, Dilshan Wirasekara - Non-Independent Non-Executive Director, Kavin Karunamoorthy - Newly Appointed Non-Independent Executive Director / CEO.

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About First Capital Asset Management Limited

First Capital Asset Management Limited, a licensed investment manager and managing company for unit trusts regulated by the Securities and Exchange Commission of Sri Lanka (SEC), has established itself as a frontrunner in the industry. The company offers a comprehensive range of funds across all regulated asset classes and provides portfolio management services for high-net-worth clients.

Incorporated as a limited liability company in Sri Lanka on 26 October 1998, First Capital Asset Management Limited continues to uphold its reputation for professionalism, innovation, and trusted investment expertise.

01 Image - Kavin Karunamoorthy - Non-Independent Executive Director - First Capital Asset Management Limited