Business Times

New stockbroker New World Securities tapping Japanese, Indian and Sri Lankan investors

New World Securities (Pvt) Ltd (NWS) is the newest stockbroker/dealer in Sri Lanka with its eyes on Japanese and Indian investors in addition to those here.

“Modern Sri Lanka…the ‘emerging giant of South East Asia’ is a force to be reckoned with and we at NWS are not just 100% confident but so proud to take our nation and its resources to the world as a viable investment opportunity,” noted Viraj Malawana, Director/ CEO of the new company in a statement this week.

Chairing the board is Takashi Igarashi while the deputy is Ono Teruaki, both prominent businessmen in Japan, the statement said. It quoted Mr. Takashi as saying that the main objective of the company is to mobilize more funds into Sri Lanka’s capital markets. He said Sri Lanka is an emerging market and the potential for growth is enormous, and hoped to partner with identified Japanese stock brokers to solicit retail and individual Japanese clientele to invest directly in the Colombo Stock Exchange.

The management of funds for Japanese investors is another lucrative area NWS will be exploring through their partner fund managers and they have already commenced developing links with investment trust companies in Japan, he said.

CEO Mr Malawana brings with him vast experience he has gained from the Colombo Stock Exchange, Brunei Stock Exchange, stockbrokers in Sri Lanka as well as the banking sector. Having worked for two top international banks in Sri Lanka holding senior positions, he made a decision to return to the industry. He says (in the statement) that the experience he gained in different fields was an added facet to his portfolio and is extremely useful in this line of business.

NWS is controlled by a group of Sri Lankan, Japanese and Indian shareholders. The board of directors comprises a very impressive team of professionals, who account for many years of expertise and insight, not just into investment portfolios but in many spheres of the industry.

It includes former test cricketer Aravinda de Silva, veteran banker Mangala Boyagoda, Pan Asia Bank chairman A.G. Weerasinghe, long-time trader Jaliya Wijeratne and Indian fund manager Sandeep Bammeer.

Top to the page  |  E-mail  |  views[1]
SocialTwist Tell-a-Friend
 
Other Business Times Articles
Pensions scheme in a soup
UAE group to acquire failed F&G
Hayleys – who will resign?
Plantation wage talks postponed
Hedging deals: London hearing to end next week
Fortis plans hospitals in H’tota, Jaffna, Kandy
Fire-crackers village prepares for the Avuruddu
Uproar over pension scheme
Age diversity at work
Lanka’s tax appeal committee begins work tomorrow
Should I/we return to Sri Lanka?
More than 250 Seylan staff seeks Rs 600 mln VRS
Are tea imports still on the agenda?
New concept of an ‘Interior Design Mall’
HSBC, Microsoft to provide job oriented IT skills to Lankan youth
Positioning SL on the map through brand identities
International Monetary Fund urges targeting subsidies for the poor only
Eraj appointed Chairman -Hotels Classification Committee
Laugfs gets LPG output share back from the CPC
Czech investors coming to Sri Lanka
Akbar Pharma opens new research and manufacturing facility
New stockbroker New World Securities tapping Japanese, Indian and Sri Lankan investors
UK says it’s the most attractive business destination
Islamic banking set to grow in the modern world
8% GDP p.a. next two years highest in region after India
Use Citizens’ journalists –urges PR specialist
Microimage mTouchMenu delivers innovative dining experience
Commercial Bank board appointments
Budget taxes – far reaching and courageous; but a balancing act
Ruwan Waidyaratne appointed MD of Hayleys Advantis
Chicken in demand, future remains uncertain
Bustling Pettah online at pettah.lk
Bangladesh court rejects Yunus appeal against dismissal
Oil could hit $200-$300 on Saudi unrest:Yamani
India's Anil Ambani faces parliament panel in telecom probe
Sharp increase in Lankan inflation
Land prices, house rents sky-high in Jaffna town

 

 
Reproduction of articles permitted when used without any alterations to contents and a link to the source page.
© Copyright 1996 - 2011 | Wijeya Newspapers Ltd.Colombo. Sri Lanka. All Rights Reserved | Site best viewed in IE ver 8.0 @ 1024 x 768 resolution