Minister of Finance and Mass Media Mangala Samaraweera today confirmed and said at that “Securities and Exchange Commission Chairman - Thilak Karunaratne is no more at SEC”.

Minister made this statement in response to a question raised by Ada Derana at a media briefing held today (10) and further confirmed that it has been proposed to appoint Ranel T. Wijesinghe as the new Chairman of the Securities and Exchange Commission of Sri Lanka (SEC).

Speaking further on Minister’s response, Dr. R.H.S. Samaratunga, Secretary to the Ministry said that several approved appointment that should be effective would be announced as a media announcement by coming week.