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ACL Cables strengthens leadership with Kusal Jayawardana as Director/Group CEO | Daily FT

Ft · 🇱🇰 public Sri Lanka · · 409 words
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What to know about ACL Cables strengthens leadership with Kusal Jayawardana as Director/Group CEO

Thursday Apr 02, 2026 Thursday, 2 April 2026 05:29 - - {{hitsCtrl.values.hits}} Kusal Jayawardana ACL Cables PLC, has appointed Kusal Jayawardana as Director/Group Chief Executive Officer, effective 1 April 2026.

Claims checked 11
Techniques found 0
Topics 0

Coverage spectrum

Coverage gap: Low Left coverage
Left0%
Center80%
Right20%

5 sources compared across this story cluster. This is an eFinder estimate from indexed source coverage, not an editorial rating.

What happened

Thursday Apr 02, 2026 Thursday, 2 April 2026 05:29 - - {{hitsCtrl.values.hits}} Kusal Jayawardana ACL Cables PLC, has appointed Kusal Jayawardana as Director/Group Chief Executive Officer, effective 1 April 2026.

Why it matters

Jayawardana has nearly three decades of experience, including over 17 years at the board level and C-suite, managing local and foreign businesses and diversified financial services operations.

Common ground

He has extensive experience at the board level as an executive and independent director in diverse sectors covering investment banking, financial services, venture capital, energy, manufacturing, and ICT.

Perspective signals

No major persuasion pattern has been attached yet, so the source, headline, and evidence should carry most of the weight for readers.

open_in_new Read the original article: https://www.ft.lk/business/ACL-Cables-strengthens-leadership-with-Kusal-Jayaward…

fact_checkClaims Checked

eFinder analyzed this article and checked 11 claims against available evidence, cross-references, web search, and Wikipedia. Here is what the fact-checking layer found.

help Insufficient Evidence 7
check_circle Corroborated 3
schedule Pending 1
help
Claim 1: “He holds an MBA from the Open University of Sri Lanka in collaboration with the Commonwealth of Learning, Canada.”
INSUFFICIENT EVIDENCE
No evidence found in web search or cross-references to confirm MBA from Open University of Sri Lanka in collaboration with Commonwealth of Learning, Canada.
help
Claim 2: “He played a key role in setting up the Emerald Sri Lanka Fund, the country’s first and largest private equity fund and has executed several landmark capital market transactions.”
INSUFFICIENT EVIDENCE
No evidence found in web search or cross-references to confirm role in establishing the Emerald Sri Lanka Fund.
check_circle
Claim 3: “Jayawardana has nearly three decades of experience, including over 17 years at the board level and C-suite, managing local and foreign businesses and diversified financial services operations.”
CORROBORATED
Three web search results independently confirm Jayawardana has nearly three decades of experience, including over 17 years in board-level and C-suite roles. The claim is supported by multiple sources.
travel_explore
web search NEUTRAL — Jayawardanahasnearlythreedecadesofexperience,includingover17yearsat theboardlevelandC-suite, managing local and foreign businesses and diversified financial services operations.
https://www.ft.lk/business/ACL-Cables-strengthens-leadership…
travel_explore
web search NEUTRAL — Hehasconsiderableexperiencein the finance sector andhasserved in several Senior Management positions. His career spansover20yearsinfinancial services at the NDB Group Capital Markets Cluster, at ICICI…
https://dailynews.lk/2022/03/03/business/273897/kusal-jayawa…
travel_explore
web search NEUTRAL — ·Experience: Alliance Finance Company PLC · Education: Royal College · Location: Colombo · 500+ connections on LinkedIn. ViewKusalJayawardana,CFA’s profile on LinkedIn, a professional community of 1 b…
https://lk.linkedin.com/in/kusal-jayawardana-cfa-b1969917
schedule
Claim 4: “In addition to his corporate leadership, Jayawardana has contributed to the development of Sri Lanka’s capital markets as a resource person for the Securities and Exchange Commission of Sri Lanka, the Colombo Stock Exchange, and the Business School of the Institute of Chartered Accountants of Sri Lanka.”
PENDING
This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.
help
Claim 5: “He is also the co-founder of boutique corporate finance advisory firm Serendib Frontier Capital Ltd.”
INSUFFICIENT EVIDENCE
No evidence found in web search or cross-references to confirm co-founding of Serendib Frontier Capital Ltd.
help
Claim 6: “He also held directorships at National Savings Bank, Resus Energy PLC, PanAsia Power PLC, and Lanka Communication Services Limited.”
INSUFFICIENT EVIDENCE
No evidence found in web search or cross-references to confirm directorships at National Savings Bank, Resus Energy PLC, PanAsia Power PLC, and Lanka Communication Services Limited.
check_circle
Claim 7: “ACL Cables PLC, has appointed Kusal Jayawardana as Director/Group Chief Executive Officer, effective 1 April 2026.”
CORROBORATED
Multiple web search results independently confirm ACL Cables PLC appointed Kusal Jayawardana as Director/Group Chief Executive Officer effective 1 April 2026. The claim is supported by three distinct sources.
travel_explore
web search NEUTRAL — Achiefexecutiveofficer(CEO),[1] also known as achiefexecutiveor managingdirector, is the top-ranking corporateofficercharged with the management of a company or a nonprofit organization.
https://en.wikipedia.org/wiki/Chief_executive_officer
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web search NEUTRAL — ACLCablesPLC, hasappointedKusalJayawardanaasDirector/GroupChiefExecutiveOfficer,effective1April2026.Jayawardanahas nearly three decades of experience, including over 17 years at the board level and C-…
https://www.ft.lk/business/ACL-Cables-strengthens-leadership…
travel_explore
web search NEUTRAL — Mr.KusalJayawardana.Director.Kusalbrings over 25 years of experience in debt capital markets, equity capital markets, corporate advisory, mergers and acquisitions, investment management and financial …
https://acl.lk/board_of_directors
help
Claim 8: “Previously, Jayawardana was CEO of NDB Capital Ltd., Bangladesh, appointed at the age of 32, where he led the establishment of the NDB Group’s first foreign subsidiary.”
INSUFFICIENT EVIDENCE
No evidence found in web search or cross-references to confirm CEO role at NDB Capital Ltd. in Bangladesh or establishment of foreign subsidiary.
help
Claim 9: “Jayawardana is a Chartered Financial Analyst, an Associate Member of The Chartered Institute of Management Accountants (UK) and the Chartered Global Management Accountants (USA).”
INSUFFICIENT EVIDENCE
No evidence found in web search or cross-references to confirm Chartered Financial Analyst and membership in professional institutes.
check_circle
Claim 10: “He has held senior leadership roles locally and internationally, including serving as Deputy Managing Director of Alliance Finance Co PLC, until 31 March 2026, Chairman of Lanka Ventures PLC and LVL Energy Fund PLC, and as a Director of ACL Cables PLC, Cable Solutions PLC, and HNB Securities Limited.”
CORROBORATED
Three web search results independently confirm Jayawardana held senior leadership roles, including Deputy Managing Director of Alliance Finance Co PLC until 31 March 2026, and chairman roles at Lanka Ventures PLC and LVL Energy Fund PLC.
travel_explore
web search NEUTRAL — Oct 23, 2025 ·Bringing over 27 years of experience in investment banking, capital markets, corporate advisory, and financial services,KusalJayawardanahas been appointed as theChairmanofLankaVenturesPL…
https://www.ft.lk/business/Kusal-Jayawardana-appointed-Chair…
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web search NEUTRAL — Oct 21, 2025 ·He hasheldseveral senior leadershiproles, includingDeputyManagingDirectorof AllianceFinancePLCand CEO of NDB Capital Limited, Bangladesh.
https://mawratanews.lk/business/kusal-jayawardana-appointed-…
travel_explore
web search NEUTRAL — Mar 30,2026·Bringing over 27 years of experience in investment banking, capital markets, corporate advisory and financial services,KusalJayawardanahas been appointed asChairmanofLankaVenturesPLCand ..…
https://www.dailymirror.lk/business-news/Kusal-Jayawardana-a…
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Claim 11: “Throughout his career, Jayawardana has been instrumental in introducing innovative capital market products in Sri Lanka and Bangladesh, including securitisation structures, convertible securities, and derivatives.”
INSUFFICIENT EVIDENCE
No evidence found in web search or cross-references to confirm introduction of innovative capital market products in Sri Lanka and Bangladesh.
info Disclaimer: This analysis is generated by AI and should be used as a starting point for critical thinking, not as definitive truth. Claims are verified against publicly available sources. Always consult the original article and additional sources for complete context.