Entrust Securities becomes Lanka's first licensed Non Bank Primary
Making a debut entrant to the equity market Entrust Securities
Limited (ESL), a licensed Primary Dealer (PD) appointed by the Central
Bank of Sri Lanka (CBSL) to exclusively deal in Government Securities
such as Treasury bills and bonds, has become the first ever local Non
Bank Primary Dealer entity to be listed in the Colombo Stock Exchange.
Director Operations Romesha Senerath,
Independent Non Executive Director Kishantha Nanayakkara,
Group Executive Director and CEO A.H.M. Riyaz, Independent,
Non Exeuctive Director Harsha N De Silva and Finance
Director Mrs Lakmali Wickremasooriya at the launch. Picture
by Sumanachandra Ariyawansa
The company has been an active Primary Dealer for the past eleven
years creates history in the local debt market by being the first
regulated Non Banking entity under the Public Debt Department of CBSL
that would get listed in the Colombo bourse.
Commenting on this distinctive accomplishment Group Executive
Director/CEO A.H.M. Riyaz Entrust Securities said "it's another feather
in our cap of achievements, especially for Primary Dealer entity that
has also been a catalyst in the development of the local debt market by
popularsing investments in government Securities".
The company has already obtained formal regulatory approval from CSE
for the listing of 33,000,014 ordinary Voting shares by way of
Introduction on the Diri Savi Board and trading of shares would commence
As one of the pioneering licensed Primary Dealers in Sri Lanka,
Entrust Securities Limited has been servicing an extended clientèle
ranging from Government entities, Cooperative Societies, captive
Sources, Fund Managers, Listed and Unlisted Corporates, High Net Worth
individuals etc. with the intention of actively promoting investments
and trading opportunities in Treasury Bills and Bonds. The company was
one of the few PDs that worked hand in hand with Senior Officials of
Central Bank, Public Debt Department to promote and create awareness of
Government Securities amongst the local community by conducting
"Investor Awareness" seminars in selected towns, out of Colombo.
A subsidiary of Entrust Limited, the company's financial performance
over the past years had indicated a gradual growth and its prudent
decisions making and risk-mitigation strategies have stood in good
stead, amidst external financial shocks experienced in the recent past.
A recent communique issued by the company also announced the
reconstitution of its Board of Directors and eminent personalities and
professionals in the corporate arena are on board in the capacity of
Independent Non Executive Directors, adding muscle to its present
Nihal Rangala has been appointed as the Chairman whilst Nalin
Jayasuriya, Harsha N De Silva, Kishantha Nanayakkara have been appointed
as Independent Non Executive Directors strengthening the present Board
members comprising Group Executive Director/CEO A.H.M. Riyaz, Director,
Finance Mrs Lakmali Wickremasooiya and Director, Operations Mrs Romesha
Senerath the executive team of Entrust Securities.