Adam Investments PLC announced the resignation of Ali Asger Shabbir Gulamhusein as Chairman and Director of the company, with immediate effect and appointed Ajita Mahes Pasqual as Director and executive Chairman of the company, with immediate effect. Mr. Ajita Mahes Pasqual possesses 31 years experience in the Banking Sector with 22 1/2 years in Senior Management positions with HSBC in Corporate Banking, Trade Finance & Treasury. He held the position of Director/General Manager/CEO of Seylan Bank PLC from January 2004 to December 2012.