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Asian Tribune is published by World Institute For Asian Studies|Powered by WIAS Vol. 12 No. 2709

Daiwa Securities of Japan expresses interest on the Capital Market of Sri Lanka

Tokyo, 21 May, (Asiantribune.com):

On the initiation of the Embassy of Sri Lanka in Tokyo the senior management of Daiwa Securities visited Sri Lanka in order to assess and to benchmark the viability of the debt market of Sri Lanka. Mr. Yutaka Yokoyama, Managing Director of Global Investment Banking and Mr. Kenichi Kanda, Executive Director and Head of Debt Capital Markets of Daiwa Securities visited Sri Lanka, recently.

The Daiwa Securities is the second largest securities brokerage and investment bank in Japan and among the ten largest in the world with over USD 560 billion assets under management. The Daiwa Securities offers retail services to institutional investors and investment banking services to clients and corporates in Asia, Europe and North America. It also provides advisory services on mergers & acquisitions, global asset management and private equity funds, among others.

During the visit of the senior management of Daiwa Securities to Colombo, they called on the Governor of the Central Bank of Sri Lanka, Chairman of Securities & Exchange Commission and other related senior officials in Sri Lanka, which were coordinated by the Embassy. At a briefing session with Ambassador Admiral Wasantha Karannagoda, the senior management of Daiwa stated that they were impressed of the rapid economic advancement of the country as well as of the sophistication of the debt and equity market structure of the country.

The senior management of Daiwa also added that the Multilateral Investment Guarantee Agency [MIGA], member of the World Bank Group, could guarantee the debt of Sri Lanka in close coordination with the Daiwa Securities. In the past, Daiwa has been working closely with the MIGA, in this sphere, as well as in the equity market. The Daiwa also expressed interest to introduce Government Japanese Bonds, which would diversify the debt market of Sri Lanka.

- Asian Tribune -

Ambassador Admiral Wasantha Karannagoda explaining the structure of the economy and Capital Market of Sri Lanka to Mr. Yutaka Yokoyama, Managing Director, and Mr. Kenichi Kanda, Head of Capital Markets of Daiwa Securities.  Ambassador Admiral Karannagoda is associated with Deputy Chief of Mission, Mr. Saj Mendis, and Commercial Counsellor, Mr. D.Premaratne, of the Embassy
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