The Colombo Stock Exchange (CSE) yesterday announced the appointment of Ray Abeywardena as the Chairman of the board of directors of the CSE with effect from May 5, 2017.
Abeywardena succeeds Vajira Kulatilaka, who steps down as the Chairman on the conclusion of the customary three-year term.
Abeywardena is the Managing Director of Acuity Partners (Pvt) Ltd and has over 30 years of extensive experience in the Sri Lankan capital market, primarily as a stock broker and since 2009 as an investment banker.
Having begun his career as a trainee stock broker in 1986 at Forbes & Walker Ltd, he progressively moved up the corporate ladder and was appointed the Managing Director of the firm in 1998.
In 2001, he was instrumental in setting up DFCC Stockbrokers (Pvt) Ltd and served as Managing Director/CEO of the firm. With the formation of Acuity Partners (Pvt) Ltd in 2009, he was appointed CEO of the firm and since 2012 serves as the Managing Director.
Abeywardena has participated in many investment forums both locally and internationally and has served on various sub-committees of the CSE.
He was appointed to the board of directors of the CSE in 2013 and presently serves on the Sub-Committees pertaining to market development, risk and audit and rules. He is also a past Chairman of the Colombo Stock Brokers Association.
Abeywardena is presently the Chairman of Acuity Stockbrokers (Pvt) Ltd and Acuity Securities Ltd. He also serves as a director on the boards of Lanka Ventures PLC, Softlogic Life Insurance PLC, Guardian Acuity Asset Management Ltd, LVL Energy Fund Ltd and the Central Depository Systems (Pvt) Ltd.
Abeywardena is a member of the Chartered Institute of Marketing (UK) and holds a Master’s Degree in Business Administration from the University