President Mahinda Rajapaksa has appointed Mr. Malik Cader as the Director General of the Securities and Exchange Commission with effect from yesterday.

Mr. Cader has served the Securities and Exchange Commission for over 13 years and before his promotion he was the Officer-in-Charge and Deputy Director General of the Securities and Exchange Commission.

He had also held the posts of Director Legal and Enforcement, Director External Relations and Market Development and Senior Manager, Training and Market Development of SEC.

Mr. Cader is an Attorney-at-Law with over 20 years at the Bar and is a Solicitor of the United Kingdom.

Mr. Cader has also served as the Director Public Relations & Market Development of the Insurance Board of Sri Lanka from March 2001 to September 2005 when the SEC Secretariat was designated as the Secretariat of the Insurance Board of Sri Lanka.