Stallion Consultancy acquires ACAP Stockbrokers

Stallion Consultancy (Pvt) Ltd has acquired ACAP Stockbrokers (Pvt) Ltd from Asia Capital PLC, the company announced on Tuesday.

The acquisition results in Stefan Abeyesinhe stepping in as Chairman, Malik Fernando takes over the reins as Managing Director while Neville Epa continues as Chief Executive Officer

ACAP Stockbrokers, with its new stakeholders, is being positioned as a critical bridge connecting Sri Lanka's equity markets with international capital flows. The firm's dual-pronged strategy centres on cultivating robust relationships with overseas investment funds while simultaneously courting sophisticated local investors, creating multiple channels to funnel increased investment capital into Sri Lankan markets.

"We're entering this space with a long-term view to support the development of Sri Lanka's capital markets," said Manilal Fernando, Director of Stallion Consultancy (Pvt) Ltd. "With trusted leadership, a clean platform, and global engagement, we intend to earn the confidence of institutional investors both locally and abroad," he said.

The revamped brokerage promises to deliver upgraded services through enhanced research capabilities and sophisticated engagement strategies specifically tailored for discerning institutional market participants.

The transaction is subject to final regulatory approvals, which will ultimately determine the timeline for this ambitious capital markets transformation that could significantly impact Sri Lanka's investment landscape.