NDB Group launches investment banking
Dawninga new era in the financial service industry, NDB Group
yesterday launched full services investment banking operations with the
re-launch of Capital Development and Investment Company PLC under a new
corporate identity whilst being renamed as NDB Capital Holdings PLC.
NDB Investment Banking Cluster CEO Vajira Kulatilaka said that the
company has a complementary business portfolios consisting of fee based
investment banking, corporate advisory services, wealth management,
stock brokering etc .
The advent of peace in the country has opened new vistas for
entrepreneurs to play a vital role in the Sri Lanka's development
To achieve these targets, private sector needs huge quantum of money
which can't be provided through traditional forms of bank borrowings and
capital market will be able to play a leading role in channeling the
required financing for the corporate sector. Most of our businesses are
market leaders in their respective fields and the company is exploring
strategic investments in the region that will complement the company's
investment banking business.
With this initiative, NDB intends to achieve synergies and help to
develop the capital market in Sri Lanka.