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Institution Detail

Asia Securities - Project Endeavour & SDB

Sri Lanka

Mr Hasantha Miriyagalla

Associate

Summary

Asia Securities provides a comprehensive suite of financial and investment solutions in Sri Lanka. We are the only Sri Lankan investment banking firm, led by a globally experienced management team.

Investment Banking:

- Advisor to marquee local & cross border corporate transactions
- The DCM Unit has completed LKR 3.2 billion of debt placements and securitizations since its inception in September 2020

Wealth Management:

- Achieved LKR 3 billion AUM at launch
- Unit Trust has achieved an AUM of LKR 713 million since its launch in January 2021

Equity Brokerage :

- #1 Stock Broking firm in FY 2021
- Consistently ranked among top 3 brokers in Sri Lanka

Research:

- #1 research team with the widest stock coverage

Description

Asia Securities is a leading investment firm in Sri Lanka providing Investment Banking, Research, Equities and Wealth Management services to corporate, institutional, and individual clients. The firm is led by an internationally experienced team with decades of domain and product expertise and is committed to solving clients’ most complex financial problems.

Founded in 1990, Asia Securities’ Equities serves domestic and international institutional, high net-worth and retail investor clients and is currently ranked the #1 Stockbroker in Sri Lanka based on trading turnover market share (Source: Colombo Stock Exchange). The firm was awarded Sri Lanka’s “Best Broker” at the Finance Asia Country Awards 2018 and 2020, reinforcing the firm’s unique position to serve institutional and retail clients in a competitive capital market.

The stockbroking arm is back by an award-winning research team which caters to a strong local and international following with an unparalleled range of research products, including thematic research, macro-economic research, industry research, in-depth company initiations, and more.

Asia Securities Research boasts the broadest company coverage in the industry and was ranked among the top Stockbroking Research firms in the country by the CFA Sri Lanka Capital Market Awards over the last three years. The firm offers superior C-level corporate access through a range of investor events, including the Wealth Insights and InsideTrack Series, as well as the flagship Annual Sri Lanka Investment Conference.

Asia Securities Investment Banking is the preferred investment banking partner for cross-border transactions in Sri Lanka. Led by a team with almost four decades of international experience at premier global firms such as JP Morgan, Merrill Lynch, Credit Suisse, Houlihan Loukey and Delloite. Investment Banking offers a comprehensive suite of solutions including corporate advisory, mergers and acquisitions, restructuring, private and public debt and equity capital raising, and securitization. The firm has advised marquee local and international clients on some of the most prominent and largest transactions in recent times, including the landmark Piramal Glass-Blackstone transaction.

Asia Securities Wealth Management caters to affluent, high net worth and institutional clients, through its Private Wealth Management and Asia Securities Money Market Unit Trust businesses. The business is led by top-notch investment professionals with international experience in research, risk management and portfolio management. The Private Wealth Management business has managed multibillion-rupee fixed income portfolios and has consistently outperformed other traditional fixed income investments since inception. The recently launched Asia Securities Money Market Fund is among the top-performing funds in the country and offers an attractive alternative to traditional short-term instruments.

[ Projects ]

Related Projects

Featured Projects-

Project Name :

PROJECT ENDEAVOUR (Venture Capital)

Market potential :

Captive pool of tech workers (200,000 ICT Workforce; ~37% YoY), driven by a supportive educational ecosystem and the Government encouraging the expansion of the country’s knowledge-based economy. • ICT exports are a key contributor to the economy (roughly $5 Bn by 2025E), with its share continuing to grow. • Internet and mobile penetration levels in the economy are growing rapidly, while social media usage as a % of population is higher than in neighbouring countries, spurring growth in consumer internet companies in health, education, entertainment (gaming, digital media), financial services etc., sectors. • The COVID 19 pandemic has accelerated e-commerce adoption in Sri Lanka. Structural changes in the consumer economy are likely to persist to a large extent post the pandemic, given the value proposition of e commerce, leading to growth in adjacent segments such as logistics and consumer finance. • Sri Lanka can be considered a gateway to the South and South East Asia. The massive market potential of India, Pakistan and Bangladesh is a key opportunity for Sri Lankan companies, with IT and tech-based companies best positioned to benefit. • Local tech firms have validated their value proposition through successful exits in the global arena. • The number of tech firms in Sri Lanka have increased exponentially over the last decade. However, funding remains a key issue, as fast growth and scaling require significant and continuous investment. More details

Commence period :

NA

Expected investment :

USD 20 Mn

Payback period :