NDB Capital Holdings counts Rs. 100 billion in AUM
View(s):NDB Capital Holdings (NCAP) said this week it had surpassed a new milestone in early 2015 by recording an aggregate of Rs. 100 billion in Assets Under Management (AUM) within the group.
“This achievement solidifies NCAP’s leadership position as the entity with the largest fund base under management in the investment banking sector of Sri Lanka,” the company said in a statement.
NCAP Group has been active in developing the country’s capital markets whilst functioning as a full service investment bank by providing investment banking via NDB Investment Bank (NDBIB), stock broking via NDB Securities (NDBS) and asset management via NDB Wealth Management (NDBWM). NCAP also manages NDB Capital Bangladesh, a bold stride made into providing investment banking services to a growing market in Bangladesh.
Vajira Kulatilaka, CEO of NCAP, commenting on this achievement, stated, “Surpassing Rs. 100 billion in AUM is a great achievement not just because of the sheer size but especially because it is a reflection of the trust placed by clients on the group’s capabilities”.
He also noted that “while we are happy about this achievement, this also means that we are becoming bigger and better in terms of what we can offer our clients”.
NDBWM is currently the largest private sector asset manager in Sri Lanka with approximately Rs. 90 billion in AUM. The company has been driving awareness and adoption of unit trusts as a collective investment scheme for retail investors and offers a range of mutual fund investment products to suit the diverse needs of investors.