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 for excellence.

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.