Powerful businessman Ashok Pathirage was this week appointed chairman of the Capital Development and Investment Company (CDIC), National Development Bank.
(NDB) unit, under a new business plan launched by the company.
 |
| Vajira Kulatilaka |
Ashok Pathirage |
The changes, the company said in a statement, are aimed at position itself as a diversified financial services conglomerate with ultimate exposure to investment banking (both regionally and in Sri Lanka), stockbroking, wealth management, private equity investments and insurance sectors.
It said CDIC will now be placed in a unique position to attract investors who are seeking exposure to finance sector both locally and regionally.
According to the new plan, CDIC will acquire 100% ownership of NDB Investment Bank and NDB Stockbrokers from the NDB which will complement its existing strategic investments in NDB Aviva Wealth Management and Aviva NDB Insurance PLC. CDIC plans to float a private equity firm and also explore strategic investment opportunities in the region in the finance/banking sector. CDIC would seek collaborations with global and regional partners to implement the above plan. CDIC is 99.6% owned by NDB.
Under the changes, Vajira Kulatilaka has been appointed as the CEO of the company. Mr. Pathirage is the Deputy Chairman of NDB in addition to being chairman of Softlogic Group, Uniwalkers, Softlogic Finance and Chairman/Managing Director of the Asiri Group of Hospitals. Mr. Kulatilaka is presently the CEO of the NDB Investment Banking luster. |
E-mail
