LOLC Securities Ltd, the stock broking company of the LOLC Group, was formally launched at a ceremony held in Colombo last week. With the aim of encouraging the masses to take up the practice of investing for future development, LOLC Securities said in a statement that it is ready to revolutionize the way people perceive and invest in the stock market.
“Whilst providing an equal opportunity for all to invest, we are also looking at financially empowering our urban, suburban and rural youth. By making them realize and understand the opportunities available for them, youth from a very young age will learn to become their own fund managers and will move onto become seasoned, key players.” said Kapila Jayawardena, Chairman of LOLC Securities Ltd. and the Group Managing Director/CEO of LOLC.
He said the company is not newcomers to this sector. “We have provided stock brokering services previously until we received our own license during our last financial year. LOLC Securities Ltd is now a fully owned subsidiary of the LOLC Group. Strategies were drawn up and we began laying down the foundation for this new business. We are now in the process of executing our services through our vast Group network. As a long term initiative, we expect to carry out educational programs in the regions to create awareness and provide investment guidance to the masses,” he added.