March 01 (LBO) – Former head of Fitch Ratings Lanka, and head of Amba Research in Sri Lanka Ravi Abeysuriya, joined as commission member of the country’s securities watchdog on Thursday.
The appointment as member of the Securities and Exchange Commission was made by President Mahinda Rajapakse, the SEC said in a statement.
Abeysuriya is currently managing director of Amba Research, a specialized provider of investment research and analyst report services.
His expertise as a leading capital market specialist would further strengthen the SEC’s role of promoting and maintaining a fair, efficient and transparent securities market. Director General of the SEC, Channa De Silva said.
Abeysuria has previously served on a prime ministerial task force recommending financial sector reforms.
His experience includes five years of credit research management and a decade as a senior financial sector professional before taking over as Chief Executive Officer of Fitch Ratings Lanka Limited.
He has also served as head of corporate finance at JP Morgan/Jardine Fleming and carried out international equity placements and corporate restructuring assignments.