Faizal Salieh appointed as the new SEC Chairman

Mr. Faizal Salieh

Veteran banker Faizal Salieh has been appointed and assumed duties as the new Chairman of the Securities and Exchange Commission of Sri Lanka (SEC) on February 20.

Mr. Salieh is currently the Chairman of the Sri Lanka Institute of Directors, which is committed to empowering directors from both the private and public sectors with insights and skills to assume their roles and to groom a new generation of boardroom leaders, the SEC said in a media release.

Mr. Salieh brings a wealth of experience to his job, having over 40 years of extensive experience in commercial and development banking both in Sri Lanka and overseas. He was Chief of Corporate & Merchant Banking at ANZGrindlays 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.

Mr. Salieh played an outstanding 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.

He has held Board positions in several companies in the business of Banking, Finance, Insurance, Fund Management, Stockbroking, Manufacturing, Trading and Education; he has 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.

Mr. Salieh holds a First Class Honours Degree in Economics with specialization in Banking & Finance, MBA and FCPM.