Nalaka Godahewa

Who is Nalaka Godahewa?

Dr. Nalaka Godahewa is the Chairman of the Securities Exchange Commission of Sri Lanka. Godahewa’s appointment as SEC chairman took place in August 2012 under highly controversial circumstances after two of his predecessors, Indrani Sugathadasa and Thilak Karunaratne, resigned within 12 months following a drastic drop of market performance during April 2011 to August 2012. According to Bloomberg statistics, within the first few weeks of Godahewa's appointment as SEC head, the market bounced back from world’s worst performing stock market status to the third best performing stock market status. This prompted the popular business newspaper Daily FT to carry a headline "From Bust to Boom". In November 2012 Godahewa presented a three year roadmap for capital market development in Sri Lanka. which was endorsed by key industry stakeholders as a timely, positive step in the right direction.