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The Department of Finance, University of Kelaniya is elated to announce that Dr. Narada Fernando, Dean/Faculty of Commerce and Management Studies has been promoted to the post of Professor.

You have been the great pillar of strength to raise our department to its heights. We are much grateful for your constant guidance, sacrifices and dedication throughtout the years.

You truly are an ideal exemplary figure to Finance family! We wish you all the very best in future endeavours to achieve a victorious career. Congratulations Professor Narada Fernando..!!

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Two MoUs were signed between the Department of Finance, the University of Kelaniya, Janashakthi Group, and the University of Waikato, New Zealand

Two Memorandum of Understandings (MoUs) were signed between the Department of Finance, University of Kelaniya, Janashakthi Group, and the University of Waikato, New Zealand on 10^th April 2023 at the Senate Room of the University of Kelaniya.

The objective of signing the MoU with Janashakthi Group was to offer the “Janashakthi” Gold Medal to the most outstanding graduate in the B.B. Mgt. Honours in the Insurance degree programme. Further Janashakthi will make a cash award of Rupees Thirty Thousand (Rs. 30,000) as a scholarship to the aforesaid student. Janashakthi will also provide internship opportunities and career mentorship programmes for students who are keen to build a career in the field of Insurance.

The Department of Finance is introducing the Master of Professional Finance programme in June 2023. The main objective of introducing the programme is to advance the Finance knowledge and skills of early and mid-career graduates and professionals.

The objective of signing the MoU with the University of Waikato, New Zealand was to allow the students to complete the Master of Applied Finance at the University of Waikato, New Zealand if they complete their 1^st trimester of the Master of Professional Finance in Sri Lanka. The University of Waikato is one of the top-ranked universities in the world.

Present at the occasion were Cadre Chair & Senior Prof. Nilanthi de Silva, Vice-Chancellor of the University of Kelaniya, Mr K.K.K Dharmathilaka, Registrar of the University of Kelaniya, Prof. Ruwan Abeysekera, Acting Dean of the Faculty of Commerce and Management Studies and the Head of the Department of Finance, Cadre Chair & Senior Prof. R.P.C Ranjani, Prof. Susima Weligamage, Dr Ruwani Fernando and Mr Ruwan Buddhika, coordinators of the MOUs and a few academic staff members of the Department of Finance and Mr Ramesh Schafter, Managing Director/Group CEO, Ms Wasanthi Stephen, Group Chief Human Resources Officer, Ms Anuruddhika Jayasundera, Manager Talent, and Ms Imalka Wickramasekera, Senior Executive HR, representing the Janashakthi Group.

Two MoUs were signed between the Department of Finance, University of Kelaniya, CFA Society Sri Lanka, and the Acuity Knowledge Partners (Pvt)Ltd

Two Memorandum of Understandings (MoUs) were signed between the Department of Finance, University of Kelaniya and CFA Society Sri Lanka (CFASL); and the Acuity Knowledge Partners (Pvt)Ltd (ACUITY) on the 31st of August 2022 at the University of Kelaniya.

The objective of signing the MoU with CFASL was to offer the “CFA Society Sri Lanka” Gold Medal for the most outstanding graduate who obtains the first class in the B.B. Mgt. Honours in Finance programme. Further, CFASL will make an annual cash award of Rupees Hundred Thousand (Rs. 100,000) as a scholarship to the aforesaid student. The CFASL will also provide a career mentorship programme for students who are keen to build a career in the capital market space.

The objective of signing the MoU with ACUITY was to offer the “Acuity Knowledge Partners Gold Medal Award” for the most outstanding graduate who obtains the first class with the highest GPA (GPA of 3.7 and above) in B.B. Mgt. Honours in Financial Engineering Degree programme. Further, ACUITY will make an annual cash award of Rupees Thirty Thousand (Rs. 30,000) as a scholarship to the aforesaid student. ACUITY will also provide an annual cash award of Rupees Fifty Thousand (Rs. 50,000) as a reward to the winning team of the Inter-University Quiz competition of the Investment week annually conducted by the Department of Finance, as a focus of its Corporate Social Responsibility (CSR) initiative.

Present at the occasion were Cadre Chair & Senior Prof. Nilanthi de Silva, Vice-Chancellor of the University of Kelaniya; Dr. Narada Fernando, Dean-Faculty of Commerce and Management Studies; Prof. Ruwan Abeysekera, Head- Department of Finance; Ms. P.W.G Madhushani, Mr. Daminda Weerasinghe and Mrs. Nethmi Herath, coordinators of the MOUs and a few academic staff members of the Department of Finance. Mr. Dinesh Warusawithana, President, Mr. Aruna Alwis, Vice President, representing the CFA Society Sri Lanka and Mr. Nuwan Jayawardana, Director, Investment Research; Ms. Manuja Gunaratna, Assistant Director, Human Resources and Mr. Rihab Fisal, Assistant Director, representing the Acuity Knowledge Partners (Pvt)Ltd, graced the event.

An MoU was signed between the Department of Finance, Faculty of Commerce and Management Studies, University of Kelaniya, and Sandbox Consultancy Services (Pvt) Ltd

The MoU was signed with the objective of uplifting the soft skills of our undergraduates. As a result of this collaboration, Sandbox Consultancy Services Ltd will be conducting a series of skill development programs for our students in all their academic years. This initiation is a vital step taken by the Department of Finance, Faculty of Commerce, and Management Studies to enhance the collaboration with academia and the industry.

Present at the occasion were Cadre Chair & Senior Prof. Nilanthi de Silva, Vice-Chancellor of the University of Kelaniya; Dr. Narada Fernando, Dean- Faculty of Commerce and Management Studies; Prof. Ruwan Abeysekera, Head- Department of Finance; Dr Chatura Liyanage initiator of the MOU and a few academic staff members of the Department of Finance. Mr. Angelo T. de Silva, Managing Director & Principal Consultant; Ms. Menaka Mayadunne - Head of Operations & Administration and a few staff members representing the Sandbox Consultancy Services (Pvt) Ltd graced the event.

Department of Finance, University of Kelaniya Awarded ISO 9001:2015 Quality Management System Certification

The Sri Lanka Standards Institution (SLSI) awarded the ISO 9001:2015 to the Department of Finance of the University of Kelaniya in Sri Lanka on February 23, 2022 at a ceremony conducted at the Vice Chancellors' office of the University of Kelaniya. This certification is valid for three years, from January 11, 2022. The certification covers the design, development, and delivery of the Department of Finance's Undergraduate and Higher Diploma programs, as well as conducting research and publishing in the fields of Finance, Banking, Insurance, and Financial Engineering.

Senior Prof. Nilanthi de Silva, Vice-Chancellor, University of Kelaniya; Dr. (Mrs) Siddhika G Senaratne, Director General, Sri Lanka Standard Institution (SLSI) ; Mrs. Samanthie Narangoda, Director Systems Certification (SLSI), Dr. Nihal Attygalle. QMS Consultant, Department of Finance, Dr. Narada Fernando, Dean, Faculty of Commerce and Management Studies; Prof. Ruwan Abeysekera, Head, Department of Finance; Dr. Chathura Liyanage, Senior Lecturer, and a few other academic staff members of the Department of Finance Department graced the event.

(Photo credit: Media Unit - University of Kelaniya)

MoU signed between the Department of Finance, University of Kelaniya and Colombo Stock Exchange

A Memorandum of Understanding (MoU) was signed between the Department of Finance, University of Kelaniya and Colombo Stock Exchange (CSE) on the 02nd of December 2021 at the Senate Room of University of Kelaniya.

The MoU was signed with the objective of offering the “Colombo Stock Exchange Gold Medal Award” to the graduate having the highest marks for the capital market-related subjects in the Finance degree programme. CSE will also make an annual cash award of Rupees Fifty Thousand (Rs. 50,000) as a scholarship to the aforesaid graduate. Further, CSE will contribute to financial sponsorship of Rupees Hundred Thousand (Rs. 100,000) for the annual event (“Investment Week”) organized by the Finance Students Association of the Department of Finance as a focus of its Corporate Social Responsibility (CSR) initiative.

(Photo credit: Media Unit - University of Kelaniya)

MoU Signed Between University of Kelaniya and Softlogic Life Insurance PLC

An MoU was signed between the University of Kelaniya and Softlogic Life Insurance PLC on the 16^th of March 2021 at the Vice- Chancellor’s Office. The MoU was signed with the objective of offering “Gold Medal” for the best performed student in the Insurance Degree programme.

Further, this medal will be awarded as “Softlogic Life Gold Medal Award” to the students who get the highest Grade Point Average (GPA) for the B.B.Mgt.Honours in Insurance Degree Programme. An annual cash award of Rupees One Hundred Thousand (Rs. 100,000) as a scholarship to the aforesaid graduate having a First-Class Honors for postgraduate studies. Further, he or she will be offered a job as a Management Trainee at the Insurance Company subject to a probationary period and terms and conditions of such contract of management trainee and rules and policies of the Company.

This would enhance the relationship among the public sector educational institution vs private sector entities. The initiation is a strong step of the Insurance Degree program where it was introduced in 2018.

Present at the occasion were Cadre Chair & Senior Prof. Nilanthi de Silva, Vice-Chancellor of University of Kelaniya, Senior Lecturer Dr. P. N. D. Fernando, Dean- Faculty of Commerce and Management Studies, Senior Lecturer Dr. Ruwan Abeysekara (Head- Department of Finance), Senior Prof. Chitra Ranjani, Mr. Ruwan Buddhika (Coordinator - B.B.Mgt.Honours in Insurance Degree Programme) and other academic staff members of the Department of Finance. Mr. Nuwan Pushpakumara, Chief Financial Officer- Softlogic Life Insurance PLC, Mr. Pranama Perera, Chief Technical Officer- Softlogic Life Insurance PLC, Mr. Indika Bamunusinghe, Head of HR- Softlogic Life Insurance PLC and Mr. Piyumal Wickramasinghe, Chief Distribution Officer – Alternate Channel, Softlogic Life Insurance PLC graced the event on behalf of Softlogic Life Insurance PLC.

(Photo credit: Media Unit - University of Kelaniya)

MoU Signed Between University of Kelaniya and the Institute of Bankers of Sri Lanka

An MoU was signed between the University of Kelaniya and the Institute of Bankers of Sri Lanka on the 16^th of March 2021 at the Vice- Chancellor’s Office. The MoU was signed with the objective of offering a “Gold Medal” for the best performed student in the Bachelor of Business Management Honours in Banking Degree programme.

The event was hosted by the Department of Finance (DFin), Faculty of Commerce and Management Studies (FCMS). This gold medal will be awarded to the student who gets the highest Grade Point Average (GPA) for the B.B.Mgt.Honours in Banking Degree Programme. This would enhance the relationship among the public sector educational institution vs private sector entities. The initiation is a strong step of the Banking Degree program where it was introduced in 2018.

The event was dignified with the presence of Cadre Chair & Senior Prof. Nilanthi de Silva, Vice-Chancellor - University of Kelaniya, Senior Lecturer Dr. P. N. D. Fernando, Dean- Faculty of Commerce and Management Studies, Senior Lecturer Dr. Ruwan Abeysekera (Head- Department of Finance), Senior Prof. Chitra Ranjani, Mrs. Dhanushka Piyananda (Coordinator - B.B.Mgt.Honours in Banking Degree Programme), other academic staff members of the Department of Finance, Mr. C. P. A. Karunatilake - Director General of the Institute of Bankers of Sri Lanka, Mrs. Lakmini Siriwardena - Director Examinations of the Institute of Bankers of Sri Lanka, Mr. Manjula Wickramasinghe - Deputy Director - Administration & HR of the Institute of Bankers of Sri Lanka.

Dr. J.M.R. Fernando Published her research titled
“Heterogeneity in capital structure adjustment revisited: Default versus non-default firms and short versus long time horizon”
in a High Ranked Journal,
“International Review of Economics & Finance”
in 2021

Donating a fully facilitated IT unit to Meegahagoda Kanishta Vidyalaya, Ahangama

With an understanding of the importance of technology in education during Covid19 pandemic situation the first year students of the Department of Finance, University of Kelaniya planned to donate a fully facilitated IT unit to Meegahagoda Kanishta Vidyalaya, Ahangama. The proposed IT unit has been completed with the. equal contribution of all the DFIN first year students. The opening ceremony of the IT unit will be held on 10^th April 2021 from 10.00 am onwards. First year students of the Department of Finance cordially invite you to take part in this precious event via Zoom / Facebook platforms.

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UNDERGRADUATE PROGRAMMES - CURRICULUM

The Department of Finance offers four degree programmes in the fields of finance, banking, insurance and financial engineering to cope up with the current developments in the financial service sector and the business management field. These degree programmes are introduced with the view of producing graduates to cater to the requirements of the rapidly changing business world. Thus, curriculums are designed to provide future leaders with the knowledge, skills, attitudes, practice and insights needed to create value for organizations and for the society and it will enhance students' potential to lead organizations in a diverse, global context.