CSE Director Board appoints new Chairman

The Colombo Stock Exchange (CSE), has appointed its Director Dilshan Wirasekara as its new Chairman, with effect from June 24, 2022.

This is after the current Chairman of the CSE Dumith Fernando who has served in this role since July 01, 2020, informed the Board of his intention to retire by rotation on June 23, 2022, after his current term.

According to the Articles of Association of the CSE, its Chair is chosen from among the five Directors elected by the members of the CSE.

The outgoing Chairman Fernando said, “We are very pleased with the advancement of the CSE in the last 2 years. The market has set records across capital raising, trading volumes and participation alongside significant wealth creation for investors. The CSE is also financially stronger than it has ever been.”

“I am pleased to hand over my role following the institution’s highest-ever profitability and capital reserves position. I have had the pleasure of serving as a Director with Dilshan for five years where he has been a critical and energetic member of the board. I hope to continue the good progress at the CSE and look forward to working with the Board and the CSE team together with the regulator and the industry to advance our ambitious capital market development plans,” Wirasekara said.

Wirasekara is currently Director and Chief Executive Officer of First Capital Holdings PLC.