The Colombo Stock Exchange (CSE) yesterday announced the appointment of Mr. Dumith Fernando as the Chairman of the Board of Directors of the CSE with effect from 1 July.

Mr. Fernando has served on the Board of the CSE since 2017 and succeeds Ray Abeywardena, who steps down as the Chairman after completing his three-year tenure.

Mr. Fernando is Chairman of one of the leading investment banking firms, Asia Securities Holdings Ltd., engaged in Corporate Finance Advisory, Stockbroking, Research and Wealth Management – which he has led for the last six years. He also serves as an Independent Director of Union Assurance PLC and Singer (Sri Lanka) PLC and as a member of the Economic Policy Steering Committee of the Ceylon Chamber of Commerce.

With 25 years of experience in international and Sri Lankan capital markets, Mr. Fernando spent much of his career in global financial centres in New York and Hong Kong with global banking giants JPMorgan Chase and Credit Suisse. There he held various roles across Equities, Investment Banking, Private Equity and Corporate Strategy. Until returning to Sri Lanka in 2013, Mr. Fernando was Managing Director and Group Chief Operating Officer for Credit Suisse Asia Pacific – a US$2.5 billion revenue business across 12 countries – and a member of that firm’s Global Leadership Council.

He holds a BA in Physics and Economics from Middlebury College in the US and an MBA from Harvard Business School.