Jul 03, 2013 (LBT) - Surekha Sellahewa the Chief Executive of Sri Lanka’s only capital market - Colombo Stock Exchange (CSE), had tendered her resignation with effect from October 31, 2013, sources told. According to sources she had handed over her resignation quoting 'Personal Reasons' in a letter to the CSE dated 1st of July 2013.
Sources close to investment banking industry notes that present Assistant General Manager of Colombo Bourse Renuka Wijewardena who is also engulfed with a legal educational background have the potential of becoming next Chief Executive of CSE."In line with the transparent recruitment procedure they are likely to go for an advertisement before the final selection" industry analyst said.
Meanwhile Stock Market Industry analyst who wish not to be identified said that Industry professionals and borkers had been lobbying for her resignation since last six months and a recent stock market veteran who joined one of the seats in the CSE had been instrumental in lobbying for Surekha's activities that did not contribute to efficiency and growth of Sri Lanka's capital market's performance and activities.Back in 2011 there were also local print media reports that outlined CSE CEO Sellahewa's activities had distracted many employees and the performance of country's only market.
Sellahewa had started her career at the Mercantile Tours Pvt. Ltd. and had joined the Colombo Stock Exchange (CSE) as an Assistant manager of Surveillance and Administration in 1989. She had been promoted as the Manager Surveillance and Enforcement in 1991 and in the same year has been re-designated as the ‘Senior Manager - Surveillance & Enforcement’. Due to her hard work and commitment, she was made the ‘Senior Manager - Listings and Surveillance’ thus enhancing her responsibilities to two key divisions of the CSE. In 1st July 2006 she was handed over the reins of the CSE as she was appointed as the Chief Executive Officer (CEO).
Born on 27th July 1965 Surekha Sellahewa is known as a highly 'Religious Character' among stock market industrialists. She first studied at St. Bridget's Convent, Colombo 07 and then at Ladies College at Colombo 07. (Additional Reporting by J.A.)