20th May 2011, www.lankabusinessonline.com
The Sri Lanka branch of the Chartered Institute for Securities & Investment (CISI) has appointed the chairman of the Colombo bourse, Nihal Fonseka, as head of its new advisory council.
A CISI statement said the advisory council will help the professional body for those who work in the securities and investment industry establish a market for its qualifications and contribute to the country’s capacity building initiatives in financial services.
“As more and more people in Sri Lanka start to invest in stocks and other securities it is important that there are enough qualified people to provide them sound advice as such people are in short supply at the moment," said Nihal Fonseka, who is also chief executive of DFCC Bank.
"This is crucial for the sustainability of the market. The entry of CISI is very welcome in this context.”
The institute, which opened an office in Colombo in March 2011, offers professional qualifications for individuals in capital markets, investment banking, wealth management, investment management, investment operations and Islamic finance.
“With the Sri Lankan financial market growing at a rapid pace, there is the need to develop a pool of skilled individuals who can meet the demand from financial firms and stockbrokers as the market expands," said Simon Culhane, CISI chief executive.
"Those who successfully complete a CISI qualification will have the necessary foundation knowledge to work in the international and domestic securities and investment houses.”
The other members of the CISI Sri Lanka advisory committee are Nandika Buddhipala, Chief Financial Officer, Commercial Bank, Channa De Silva, Managing Director, LR Global Lanka Asset Management, Ajith Devasurendra, Managing Director, Taprobane Group, Hareendra Dissa Bandara, Director – Financial Services Academy, Securities & Exchange Commission, Indrajith Fernando, Chief Executive, Bartleet Transcapital, S Jayavarman, Chief Executive, National Asset Management Limited, and Madu Ratnayake, Vice President, Virtusa Corporation.
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