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| Sunday, 11 May 2003 |
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| News Business Features Editorial
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Capital Alliance appointed primary dealer for govt debt Capital Alliance Limited has been appointed a primary dealer for government securities by the Central Bank of Sri Lanka. This appointment is made under the Registered Stocks and Securities Ordinance and the Local Treasury Bills Ordinance. Capital Alliance is the third non-banking institution to be appointed as a primary dealer in the government securities market. The company began operations in October 2000 as a fully-owned subsidiary of Asia Capital Limited. It initially operated as a secondary dealer for government debt and structuring and placing corporate debt and fund management activities. In February 2003, Asia Capital sold its stake in the company to a consortium of investors led by the management. As a new entrant, Capital Alliance will focus on increasing trading volumes in the primary and secondary markets by introducing new investors especially from outstation areas. To achieve this objective, the company plans to organise a series of awareness building campaigns in regional towns soon. It also intends to form strategic links with other companies with strong regional presence to benefit from their branch networks. The lack of awareness and the inconvenience of investing in the government securities market has confined this market to a comparatively small segment of institutional investors. Capital Alliance plans to introduce new products, which will offer the opportunity for small investors to invest in this market with the same convenience of investing in commercial banks and other deposit taking institutions. |
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| Editorial | Security Produced by Lake House |
