June 14, 2011 (LBO) - Krishan Balendra, from Sri Lanka's John Keells group has been elected chairman of the Colombo Stock Exchange, succeeding Nihal Fonseka from DFCC.
Sri Lanka's stock exchange's board is made up of representatives from member stock broking firms.
The CSE said Balendra has been a director of the exchange from March 2008. He was elected chairman at a meeting on June 14.
At John Keells Holdings he is now responsible for the retail sector, John Keells Capital, John Keells Stockbrokers and corporate finance strategy. He is also a director of Union Assurance and Nations Trust Bank.
Fonseka would continue to be a director.
source - www.lbo.lk
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