Monday, 10 November 2014 - 16:37
JASI PASSES AWAY
Mr Jayasingam who until recently served as chairman of EB Creasy and the Lankem group of companies, passed away after a brief illness.
Jayasingam, “Jasi” the eldest son of the late Professor Nadaraser, Senior lecturer and Reader in Mathematics at the University of Ceylon, had his education at Royal College and after his secondary schooling completed the B.Com Degree from the university of London.
On completion of his tertiary education in 1952, Jasi joined the prestigious trading firm of Harrisons & Crossfield Ltd as an Accountant. British Trading and Agency houses which were manned by Expatriate staff had commenced recruiting Sri Lankan executives, and Jasi was in the first batch at Harrisons, the others being Douglas Fonseka, Satchi Canagasabey and John Hitchcock. His career flourished at Harrisons and he was responsible for the Import and Export business carried out by the firm.
In 1956 significant social changes followed in the country. This was a period of concerted Union activities and labour unrest. The Trincomalee Tea Administration Board was formed to divert Tea exports through Trincomalee, thus avoiding the strife torn Colombo harbour. Jasi was one of the senior executives seconded by the export firm to run this operation in Trinco.
When British expatriates in Colombo and in the Plantations started leaving the island, Jayasingam, had by then proved his mettle and was appointed the Chief Accountant, being one of the top three positions in running the Company.
The next major change in his career was in 1975, when companies registered outside Sri Lanka had to register themselves with the Registrar of Companies in Colombo. Harrisons & Crossfields complied by registering their Colombo based operations and assets in a wholly owned subsidiary under the name of Harrisons Colombo Ltd. Jasi was a founder director of this Board and also its first Joint Managing Director. Soon Jayasingam assumed the position of Chairman of both Harrisons Colombo Ltd. and Harrisons Lister Colombo Ltd. He continued in this position until 1990 when he retired from Harrisons when Harrisons & Crossfields in London divested themselves of the shares in the local Company.
On retirement he was invited to join the Boards of EB Creasy and Lankem Ceylon and several other Companies of the Fort Land Group. The privatization of Plantations saw him spearheading the diversification of the Group into Plantation Management.