Lanka ORIX Securities with a new vision
Lanka ORIX Securities (Pvt) Ltd., would be soon having new directors
and shareholders comprising those who have collectively executed
majority of the strategic transactions in the Colombo Stock Exchange (CSE).
The new change in the company was a result of the need for greater
expansion of the company globally. The new directors and shareholders
would bring in greater synergy to the company with their vast global
capital market experience and networks.
The company currently serves most of the high net worth individuals
and has probably the largest retail client base through its branches in
Kandy, Matara, Negombo, Kurunegala and Kalutara. The company is
currently focusing on strengthening its foreign client base.
Moksevi Prelis is expected to be the Chairman of the company. Prelis
has 21 years of experience as the CEO/Director of the DFCC Bank and the
Nations Trust Bank. He was also the Chairman of Ceylon Electricity Board
and Small and Medium Enterprise Bank and Chairman, Association of
Development Finance Institutions of Asia and Pacific in Manila and
currently he is a Director at Dialog Telecom PLC.
Raj Rajaratnam, founder and President of the Galleon Group, New York,
will purchase a 20 per cent stake in the company. Galleon Group at
present has approximately $ 7 billion under its management. Rajaratnam
currently holds over 8 per cent of JKH while Galleon Group has large
stakes in DFCC, NDB, Commercial Bank and in many other companies.
Rusi Sohli Captain, who would be purchasing a 20 per cent stake,
would bring a wealth of knowledge of over 20 years in the capital
markets.
He was the co-founder and a Director of Asia Stock Brokers Asia
Capital and Asian Alliance Insurance. He is also a former Director of
John Keells Holdings where his family is the largest shareholder and at
present serves on the Board of Chemical Industries (Colombo) PLC.
Tushan Wickramasinghe, Managing Director/CEO of the ORIX Securities
would increase his stake in the company from 30 per cent to 50 per cent.
Wickramasinghe was responsible for arranging many of the strategic
transactions in the Colombo Stock Exchange and serves on the Board of
Lanka Orix Leasing Company
Priyani Ratnagopal, a former Director of Asia Capital PLC and former
Director/CEO of Asia Securities with stock broking experience at WI Carr
Indosuez in Hong Kong would be an Executive Director and 10 per cent
shareholder.
Sarath Rajapakse, an expert in Technical Analysis would also join the
Board. Rajapakse who brings over 30 years of experience in capital
markets was the President - GMI Finance and Investment Co. Ltd., Hong
Kong and the CEO/Director at Skills Lanka Ltd.
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