Total Years of Experience: 46 Years, 6 Months
September 2008
To Present
Managing Director
at Housing Development Finance Corporation PLC
Location :
Maldives
Formulate, review and guide corporate strategy, risk management, corporate governance, business development, performance objectives, monitor implementation of all aspects of operations, delivered professionally and responsibly through the highest caliber of leadership and teamwork.
• As the pioneering Managing Director of the IFC Partner Company, Housing Development Finance Corporation Plc. (HDFC) in the Maldives, I am responsible for the day-to-day management of the Company by exercising the powers and duties set forth in the Charter, which constitutes the Memorandum and Articles of Association and the By-Laws of the Company.. Having rolled out its business plan upon privatization in 2008, recorded excellent achievements in growth, market share, business capacity development, and profits consistently over the last five years.
• Having laid a firm foundation for sustainable and responsible finance in this emerging market, HDFC was recognized as a trailblazer among the IFC partner companies with single recognition conferred in 2011 as the first to achieve strategic performance goals in the IFC Community of Practice using principles of Client Protection and Inclusive Finance. Since then, HDFC has successfully entered the London based FT/IFC Sustainable Finance Awards for three years running from 2011, and also received Business Initiatives Directions International Gold Star Award for Quality in Geneva in 2012 and the European Society for Quality Research Award in London in 2013.
• As the pioneering Managing Director of the IFC Partner Company, Housing Development Finance Corporation Plc. (HDFC) in the Maldives, I am responsible for the day-to-day management of the Company by exercising the powers and duties set forth in the Charter, which constitutes the Memorandum and Articles of Association and the By-Laws of the Company.. Having rolled out its business plan upon privatization in 2008, recorded excellent achievements in growth, market share, business capacity development, and profits consistently over the last five years.
• Having laid a firm foundation for sustainable and responsible finance in this emerging market, HDFC was recognized as a trailblazer among the IFC partner companies with single recognition conferred in 2011 as the first to achieve strategic performance goals in the IFC Community of Practice using principles of Client Protection and Inclusive Finance. Since then, HDFC has successfully entered the London based FT/IFC Sustainable Finance Awards for three years running from 2011, and also received Business Initiatives Directions International Gold Star Award for Quality in Geneva in 2012 and the European Society for Quality Research Award in London in 2013.
September 2008
To May 2014
Managing Director
at Housing Development Finance Corporation PLC
Location :
Maldives
UK - SRI LANKA - MALDIVES
Managing Director - September 2008- To-Date
Housing Development Finance Corporation (HDFC) Plc.
Sosun Magu, Male'
Maldives
Formulate, review and guide corporate strategy, risk management, corporate governance, business development, performance objectives, monitor implementation of all aspects of operations, delivered professionally and responsibly through the highest caliber of leadership and teamwork.
• The pioneering Managing Director of the IFC Partner Company, Housing Development Finance Corporation Plc. (HDFC) in the Maldives, and having rolled out its business plan upon privatization in 2008, recorded excellent achievements in growth, market share, business capacity development, and profits consistently over the last five years.
• Having laid a firm foundation for sustainable and responsible finance in this emerging market, HDFC was recognized as a trailblazer among the IFC partner companies with single recognition conferred in 2011 as the first to achieve strategic performance goals in the IFC Community of Practice using principles of Client Protection and Inclusive Finance. Since then, HDFC has successfully entered the London based FT/IFC Sustainable Finance Awards for two years running, and also received in 2012, both Business Initiatives Directions International Gold Star Award for Quality in Geneva and the European Society for Quality Research Award in London.
Managing Director - September 2008- To-Date
Housing Development Finance Corporation (HDFC) Plc.
Sosun Magu, Male'
Maldives
Formulate, review and guide corporate strategy, risk management, corporate governance, business development, performance objectives, monitor implementation of all aspects of operations, delivered professionally and responsibly through the highest caliber of leadership and teamwork.
• The pioneering Managing Director of the IFC Partner Company, Housing Development Finance Corporation Plc. (HDFC) in the Maldives, and having rolled out its business plan upon privatization in 2008, recorded excellent achievements in growth, market share, business capacity development, and profits consistently over the last five years.
• Having laid a firm foundation for sustainable and responsible finance in this emerging market, HDFC was recognized as a trailblazer among the IFC partner companies with single recognition conferred in 2011 as the first to achieve strategic performance goals in the IFC Community of Practice using principles of Client Protection and Inclusive Finance. Since then, HDFC has successfully entered the London based FT/IFC Sustainable Finance Awards for two years running, and also received in 2012, both Business Initiatives Directions International Gold Star Award for Quality in Geneva and the European Society for Quality Research Award in London.
September 2002
To August 2008
Deputy General Manager of Credit, Operations and Marketing
at Housing Development Finance Corporation Bank of Sri Lanka
Location :
Sri Lanka - Colombo 2
Deputy General Manager of Credit, Operations and Marketing- Sep. 2002- Aug. 2008
Housing Development Finance Corporation Bank of Sri Lanka,
Colombo 2
Head of Credit, Marketing and Operations of the bank, which grew its balance sheet by 20-30% year on year under my watch, and increased the market share from 25% in 2002 to 40% by 2008 to be the market leader in the housing finance sector of Sri Lanka.
• Held positions of Deputy General Manager/Head of Credit, Operations and Marketing of the Housing Development Finance Corporation Bank of Sri Lanka from September 2002 to August 2008, taking the organization to greater heights, and becoming the market leader.
• Received recognition for leadership and contribution to achieving major corporate milestones including the conversion and positioning of the twenty-year old Corporation as a Licensed Specialized Bank in 2003, the first ever mortgage securitization in Sri Lanka with the Citibank in 2004 and a groundbreaking Initial Public Offering through the Colombo Stock Exchange in 2005.
• Secured the apex status for HDFC Bank in executing the 2006 ADB/World Bank Housing Finance Initiative, giving leadership to all registered commercial banks in Sri Lanka mandated to participate as directed by the Central Bank of Sri Lanka. HDFC Bank received the National Chamber of Commerce of Sri Lanka's Annual National Business Excellence Awards for five successive years between 2004 and 2008.
Housing Development Finance Corporation Bank of Sri Lanka,
Colombo 2
Head of Credit, Marketing and Operations of the bank, which grew its balance sheet by 20-30% year on year under my watch, and increased the market share from 25% in 2002 to 40% by 2008 to be the market leader in the housing finance sector of Sri Lanka.
• Held positions of Deputy General Manager/Head of Credit, Operations and Marketing of the Housing Development Finance Corporation Bank of Sri Lanka from September 2002 to August 2008, taking the organization to greater heights, and becoming the market leader.
• Received recognition for leadership and contribution to achieving major corporate milestones including the conversion and positioning of the twenty-year old Corporation as a Licensed Specialized Bank in 2003, the first ever mortgage securitization in Sri Lanka with the Citibank in 2004 and a groundbreaking Initial Public Offering through the Colombo Stock Exchange in 2005.
• Secured the apex status for HDFC Bank in executing the 2006 ADB/World Bank Housing Finance Initiative, giving leadership to all registered commercial banks in Sri Lanka mandated to participate as directed by the Central Bank of Sri Lanka. HDFC Bank received the National Chamber of Commerce of Sri Lanka's Annual National Business Excellence Awards for five successive years between 2004 and 2008.
January 1997
To August 2002
General Manager
at Ceylinco Building Society Ltd.
Location :
Sri Lanka - Colombo 4
General Manager- January 1997- August 2002
Nation's Building Society, Galle Road, Colombo 3, Sri Lanka
Founder General Manager of this first private sector Building Society (Nation's Building Society formerly known as Ceylinco Building Society Ltd.-CBSL) in Sri Lanka established in 1997 under the National Housing Act.
• CBSL became a pioneer in setting up the Mortgage Lenders Association of Sri Lanka, and was able democratize home ownership through a joint venture with Seylan, a leading commercial bank.
Nation's Building Society, Galle Road, Colombo 3, Sri Lanka
Founder General Manager of this first private sector Building Society (Nation's Building Society formerly known as Ceylinco Building Society Ltd.-CBSL) in Sri Lanka established in 1997 under the National Housing Act.
• CBSL became a pioneer in setting up the Mortgage Lenders Association of Sri Lanka, and was able democratize home ownership through a joint venture with Seylan, a leading commercial bank.
January 1994
To December 1996
Managing Director
at Maritime International Financial Services (MIFSL) Ltd
Location :
Sri Lanka - Colombo 4
Managing Director- January 1994- December 1996
Maritime International Financial Services (MIFSL) Ltd.,
10 Davidson Road, Col. 4,
Sri Lanka
MIFSL is the principle agent in Sri Lanka for the Halifax Group's Clerical Medical International of the UK. Responsible for independent financial advisory service, the organization was able to secure and service effectively, some of the largest investments to come from the region.
Maritime International Financial Services (MIFSL) Ltd.,
10 Davidson Road, Col. 4,
Sri Lanka
MIFSL is the principle agent in Sri Lanka for the Halifax Group's Clerical Medical International of the UK. Responsible for independent financial advisory service, the organization was able to secure and service effectively, some of the largest investments to come from the region.
August 1985
To December 1993
Director/General Manager
at Palms Advertising Pvt. Ltd
Location :
Sri Lanka - Colombo 4
Director/General Manager- August 1985- December 1993
Palms Advertising Pvt. Ltd., 10, Davidson Road, Colombo 4
One of the first Triple-A accredited public relations and marketing agencies in Sri Lanka that operated in the mass media as agents for a number of large national and multi-national companies including Hyundai Corporation, CMI Ltd. of the Halifax Group and Yamaha Corporation.
Palms Advertising Pvt. Ltd., 10, Davidson Road, Colombo 4
One of the first Triple-A accredited public relations and marketing agencies in Sri Lanka that operated in the mass media as agents for a number of large national and multi-national companies including Hyundai Corporation, CMI Ltd. of the Halifax Group and Yamaha Corporation.
April 1982
To July 1985
Senior Monitoring Officer
at Housing Corporation of England and Wales
Location :
United Kingdom - London
Senior Monitoring Officer- April 1982- July 1985
Ensuring compliance and standards of service by Registered Social Landlords.
Ensuring compliance and standards of service by Registered Social Landlords.
September 1981
To March 1982
Assistant Monitoring Officer
at Housing Corporation of England and Wales
Location :
United Kingdom - London
Assistant Monitoring Officer- September 1981- March 1982 for registered landlords on their compliance and practices in keeping with the registration and supervision criteria.
September 1980
To August 1981
Finance Assistant
at Housing Corporation of England and Wales
Location :
United Kingdom - London
Finance Assistant- September 1980- August 1981
September 1978
To August 1980
Administrative Assistant
at District Finance Office of Kensington, Chelsea, and Westminster
Location :
United Kingdom - London
Housing Corporation of England and Wales, Maple House,
Tottenham Ct. Rd. London W1
A quasi civil service entity vested with regulation and investment responsibilities for Housing Associations of England and Wales. Housing Corporation was indirectly responsible for building the greatest number of sustainable neighborhoods in the UK.
Administrative Assistant- September 1978- August 1980
Tottenham Ct. Rd. London W1
A quasi civil service entity vested with regulation and investment responsibilities for Housing Associations of England and Wales. Housing Corporation was indirectly responsible for building the greatest number of sustainable neighborhoods in the UK.
Administrative Assistant- September 1978- August 1980
September 1977
To August 1978
Management Trainee
at Top Man Ltd.
Location :
United Kingdom - London
District Finance Office- Kensington, Chelsea & Westminster Area Health Authority
Primarily responsible for UK Private Healthcare & financial budgets of the hospitals in the district.
Management Trainee- September 1977- August 1978
Top Man Fashions (today owned by Arcadia Group) New Oxford Street, London WC1
Selected in the first batch of Management Trainees for the launching of Top Man in 1977 by the Peter Robinson Group
Primarily responsible for UK Private Healthcare & financial budgets of the hospitals in the district.
Management Trainee- September 1977- August 1978
Top Man Fashions (today owned by Arcadia Group) New Oxford Street, London WC1
Selected in the first batch of Management Trainees for the launching of Top Man in 1977 by the Peter Robinson Group
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