Prasad Galhena to be Sri Lanka SEC’s next acting director-general?

Oct 06, 2011 (LBT) - The Chairman of the Ceylon Shipping Corporation, Prasad Galhena will be the next acting director general of the Sri Lanka’s Securities and Exchange Commission (SEC), the SEC Source Revealed.

The appointment will be on a temporary part time basis. Later government will call fresh applications for the vacant post,” the sources said.

“After his (Mr, Malik Cader) sudden removal, the commission is headless and most of the Senior staff members are professionally frustrated about this prevailing political interference, a senior SEC official, condition of anonymity reveled to the LBT.

Mr,Prasad Galhena  graduated from University of Colombo (BBA Honors) and posses an MBA (Merit pass) obtained from the same university.

He is a Fellow Member of the Chartered Institute of Management Accountants (CIMA) –UK and a passed finalist of the Chartered Institute of Marketing –UK. Currently, he is the  Chairman for the Ceylon Shipping Corporation and Sri Lanka Handicrafts Board (Laksala).

http://www.lbt.lk/news/market/673-frustrated

He can have BBA, MBA, Phd but can he handle SEC. We need a person who can make correct decision at this critical time in the exchange. Not just a person to put signature and be a puppet.

Example....You can have BBA and MBA but if you do not know shipping you are totally lost. Even a experienced wharf clerk can take the chairman for a ride in shipping. Trust me I know and I have seen and experienced it. It is the same in SEC and CSE.

hawklk wrote:He can have BBA, MBA, Phd but can he handle SEC. We need a person who can make correct decision at this critical time in the exchange. Not just a person to put signature and be a puppet.

Example....You can have BBA and MBA but if you do not know shipping you are totally lost. Even a experienced wharf clerk can take the chairman for a ride in shipping. Trust me I know and I have seen and experienced it. It is the same in SEC and CSE.

You are right, but that's the thing happening in most of the sectors in Srilanka.
Nothing new no?

education is vital part of work task. it is effective part.
Experience make a work efficient
without education , the work loss effective
without experience, the work loss efficiency.
Both we need

hawklk wrote:He can have BBA, MBA, Phd but can he handle SEC. We need a person who can make correct decision at this critical time in the exchange. Not just a person to put signature and be a puppet.

Example....You can have BBA and MBA but if you do not know shipping you are totally lost. Even a experienced wharf clerk can take the chairman for a ride in shipping. Trust me I know and I have seen and experienced it. It is the same in SEC and CSE.

Hey...........do not disrespect a person's educational qualifications.

Does he do something for us?

hawklk wrote:He can have BBA, MBA, Phd but can he handle SEC. We need a person who can make correct decision at this critical time in the exchange. Not just a person to put signature and be a puppet.

Example....You can have BBA and MBA but if you do not know shipping you are totally lost. Even a experienced wharf clerk can take the chairman for a ride in shipping. Trust me I know and I have seen and experienced it. It is the same in SEC and CSE.

We can let him proceed at least 3 months and see the progress. Regulations are needed for CSE but there should be a proper way to put those. Earlier they intoduced regulations blindly and did't think of the investors and the market.

nkalansu wrote:

hawklk wrote:He can have BBA, MBA, Phd but can he handle SEC. We need a person who can make correct decision at this critical time in the exchange. Not just a person to put signature and be a puppet.

Example....You can have BBA and MBA but if you do not know shipping you are totally lost. Even a experienced wharf clerk can take the chairman for a ride in shipping. Trust me I know and I have seen and experienced it. It is the same in SEC and CSE.

Hey...........do not disrespect a person's educational qualifications.

hey "nkalansu" did ever mention that education is useless in the post. I was referring to experience. Get that through your head......"Homer Simpson"

hawklk wrote:

nkalansu wrote:

hawklk wrote:He can have BBA, MBA, Phd but can he handle SEC. We need a person who can make correct decision at this critical time in the exchange. Not just a person to put signature and be a puppet.

Example....You can have BBA and MBA but if you do not know shipping you are totally lost. Even a experienced wharf clerk can take the chairman for a ride in shipping. Trust me I know and I have seen and experienced it. It is the same in SEC and CSE.

Hey...........do not disrespect a person's educational qualifications.

hey "nkalansu" did ever mention that education is useless in the post. I was referring to experience. Get that through your head......"Homer Simpson"

Better to stop commenting on the new man without knowing any things properly. As per my understanding having sufficient education back ground to start his works. I wish him good luck to start the work effectively here and upgrade the CSE.

Political Interference is a challenge than high education

hawklk wrote:

nkalansu wrote:

hawklk wrote:He can have BBA, MBA, Phd but can he handle SEC. We need a person who can make correct decision at this critical time in the exchange. Not just a person to put signature and be a puppet.

Example....You can have BBA and MBA but if you do not know shipping you are totally lost. Even a experienced wharf clerk can take the chairman for a ride in shipping. Trust me I know and I have seen and experienced it. It is the same in SEC and CSE.

Hey...........do not disrespect a person's educational qualifications.

hey "nkalansu" did ever mention that education is useless in the post. I was referring to experience. Get that through your head......"Homer Simpson"

To : hawklk

"Get that through your head......"Homer Simpson" "

Thank you. Everybody can now understand the size of this persons head.

SL.Market wrote:

hawklk wrote:

nkalansu wrote:

hawklk wrote:He can have BBA, MBA, Phd but can he handle SEC. We need a person who can make correct decision at this critical time in the exchange. Not just a person to put signature and be a puppet.

Example....You can have BBA and MBA but if you do not know shipping you are totally lost. Even a experienced wharf clerk can take the chairman for a ride in shipping. Trust me I know and I have seen and experienced it. It is the same in SEC and CSE.

Hey...........do not disrespect a person's educational qualifications.

hey "nkalansu" did ever mention that education is useless in the post. I was referring to experience. Get that through your head......"Homer Simpson"

Better to stop commenting on the new man without knowing any things properly. As per my understanding having sufficient education back ground to start his works. I wish him good luck to start the work effectively here and upgrade the CSE.

Exactly. Let us see how he is dong his job. We are unable to comment on anything (Specially experience) since we haven't seen him in action yet.

swan03 wrote:Does he do something for us?

swan dont expect anything from him expect something from CSE sorry to be correct as HSE

Quibit wrote:Oct 06, 2011 (LBT) - The Chairman of the Ceylon Shipping Corporation, Prasad Galhena will be the next acting director general of the Sri Lanka’s Securities and Exchange Commission (SEC), the SEC Source Revealed.

The appointment will be on a temporary part time basis. Later government will call fresh applications for the vacant post,” the sources said.

http://www.lbt.lk/news/market/673-frustrated

Why bother with all these pointless activties of appointments.... Just go ahead and appoint deleted as the chariman / DG of the stock Exchange saves everybody from all this farce and make insider trading, manipulation a conformed norm...

I guess majority of this forum and investors will be extremely pleased and the likes of theese " concerned big i nvestors" appeased so that they can go on thier merry way sans regulation.

No need of educational bakcgrounds... CV should just read drug dealer, money launderer and connected to the righy people... thats all ... if you have allegations of murder and kidnapping ( guess you can have that as a desirable qualification but not compulsory)...

Cest La vi

Someone told me that DP might come again. But no idea (Rumors flying though). And about Mr. PG's news hasnt been confirmed yet I guess.