Vajira Kulatilaka who has been a Colombo Stock Exchange (CSE) board member since October 2009, will succeed Krishan Balendra as the new Chairman of CSE from June 5.
 
Balendra is expected step down as the Chairman of the CSE on June 5, 2014, at the Annual General Meeting, concluding the customary three year term of a CSE Chairman.
 
Kulatilaka is the CEO/Director of NDB Capital Holdings PLC and overlooks the operations of the Investment Banking Cluster of the NDB Group, which comprises of NDB Investment Bank Limited, NDB Securities Pvt Limited, NDB Wealth Management Limited and NDB Capital Limited, Bangladesh.  
 
He carries over 29 years of experience in the Finance Sector and Capital Market of Sri Lanka.  Prior to joining NDB Investment Bank Limited, he functioned as the Chief Executive Officer at  CKN Fund Management (Pvt) Limited.  Kulatilaka has been instrumental in managing some of the largest IPO’s in Sri Lanka.
 
He is a Chartered Financial Analyst and has obtained a B.Sc Degree in Civil Engineering with First Class Honours from the University of Moratuwa, and MEng in Industrial Engineering and Management from the Asian Institute of Technology. He also obtained qualifications as a Fellow Member of the Chartered Institute of Management Accountants UK.
 
Kulatilaka currently holds directorships at NDB Capital Holdings PLC, NDB Investment Bank Limited, NDB Securities Pvt. Limited, NDB Wealth Management Limited and NDB Capital Limited – Bangladesh.