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July 18, 2007 (LBO) – Sri Lanka’s Securities and Exchange Commission (SEC) has appointed the head of its legal division as its new deputy director general, the regulator said Wednesday. Marina Fernando, who joined the SEC in 2003 was its Director, Legal and Enforcement.

“As Deputy Director General, she will oversee matter pertaining to the Colombo Stock Exchange, Stockbrokers/Dealers, Market Intermediaries, Unit Trust Management Companies and other Market Participants,” the SEC said in a statement.

SEC’s Director General Channa de Silva is on leave overseas for at least a year, making Fernando the de facto head of the SEC for the foreseeable future, market analysts said.

Fernando is an Attorney-at-Law.

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