The Securities and Exchange Commission (SEC) yesterday announced the appointment of veteran banker Faizal Salieh as its chairman. The new chief assumed duties as the chief of the capital market regulator on February 20. Salieh, currently the Chairman of the Sri Lanka Institute of Directors (SLID), brings a wealth of experience. He has over 40 years of extensive experience in commercial and development banking, both in Sri Lanka and overseas.
Salieh was Chief of Corporate & Merchant Banking at ANZ Grindlays Bank, COO of NDB, Executive Director/CEO of NDB Housing Bank, Founder MD/CEO of Amana Bank, and Senior Independent Director of Cargills Bank and HNB General Insurance. He played a strategic and operational leadership role in establishing Amana Bank as the first interest-free licensed commercial bank operating on the profit and loss sharing model in Sri Lanka.
Salieh has held board positions in several companies in the business of banking, finance, insurance, fund management, stockbroking, manufacturing, trading, and education. He has also served on State University Boards, Ceylon Chamber of Commerce, and several Government and Non-Governmental Committees in the fields of Finance, Economic Affairs, Housing, Construction, and Tertiary Education. Salieh holds a First Class Honors Degree in Economics with specialization in Banking & Finance, MBA, and FCPM.