NDBIB adjudged ‘Best Investment Bank in SL’
NDB Investment Bank Limited (NDBIB) was adjudged the ‘Best Investment
Bank in Sri Lanka’ recently at the Awards for Excellence 2012 by
Euromoney, the world’s premier financial markets magazine.
Anuj Gangahar, Asia Editor of the
‘Euromoney’ Magazine, Vajira Kulatilaka, CEO of NDB
Investment Banking Cluster with the award and Clive Horwood,
Editor, Euromoney Magazine.
This is a historical achievement for NDBIB as well as the country
since it is the first time Euromoney had ever recognized an investment
bank in Sri Lanka, for any award. It is also the first time an
investment bank in the country had received an international accolade
Vajira Kulatilaka, CEO of NDB Investment Banking Cluster commenting
on the award stated, “It is indeed a proud moment for us at NDBIB to
receive this prestigious award for investment banking and international
recognition for our pioneering efforts in developing the capital market
in Sri Lanka.
With this achievement, NDBIB has been able to take the local
investment banking industry to global standards. It is the dream of any
investment bank to receive a Euromoney award, and we are proud to have
achieved it and be associated with global investment banking giants in
the likes of Goldman Sachs, JP Morgan, Morgan Stanley, UBS, Citibank and
HSBC on the same platform.”
NDBIB, having spearheaded the investment banking industry in the
country since its inception, was recognized by Euromoney in 2012 as the
acknowledged leader in Sri Lanka for debt and equity products and
corporate advisory assignments. During 2011, NDBIB raised over Rs. 38
billion in both debt and equity products for its clients from varied
sectors of the economy, the highest quantum of funds raised from the
capital markets in the country by an investment bank, which included two
record breaking IPOs on the Colombo bourse.
The award for “Best Investment Bank in Sri Lanka” was presented to
Vajira Kulatilaka of NDBIB by Clive Horwood, Editor of Euromoney
Magazine and Anuj Gangahar, the magazine’s Asia Editor, at the Euromoney
Awards for Excellence 2012 - Asia ceremony, a gala event hosted by
Euromoney held on July 12, 2012, at The Conrad in Hong Kong. The
ceremony was attended by distinctive guests including top executives of
global banks and financial powerhouses operating in the Asian Region.
Subsequent to a recent restructuring within the NDB group, NDBIB is
now positioned as the local investment banking arm of NDB Capital
Holdings PLC (formerly known as Capital Development and Investment
Company PLC), the leader in providing a wide gamut of innovative capital
market solutions in the areas of investment banking, stock brokering and
wealth management in Sri Lanka as well as in Bangladesh.