Asia Wealth Management ready for greater challenges
Asia Wealth Management, the boutique investment advisor of the Asia
Capital Group recently said that the company is gearing itself to accept
greater challenges and new business through a newly formed young and
dynamic team of professionals. A spokesman for the company said that its
research arm, which feeds in sell side research for the Group's stock
broking company Asia Securities Limited, has diversified itself to
service a wide spectrum of investors including foreign clients, high net
worth individuals and retailers offering comprehensive monthly reports
in sectors including Banking and Finance, Motor, Plantations and Tiles.
Asia Wealth Management also undertakes customised research on specialist
projects for clients if needed.
The Assistant Manager of the Research Division Amali Perera said,
"Sell side research is essential for brokers to promote stocks to
potential buyers and a diversified team is essential since the set of
skills required to service a retailer is vastly different to the skills
needed to service a foreign investor. Our team comprises an economic
research analyst, a quantitative analyst and several equity analysts,
who produce corporate, monthly, weekly and daily reports in all three
languages, which are also published on Bloomberg."
The company's Corporate Finance arm is building a strong corporate
finance team using Group opportunities since its parent company Asia
Capital has private equity companies under its umbrella. The company is
currently geared to handle Mergers and Acquisitions, Restructurings,
Venture Capital and other private equity related advisory work. The
corporate finance arm handled the recently held IPO of Asia Asset
Limited which was very successful post opening. Assistant Manager of the
Corporate Finance Division Sunela Samaranayake said, "The corporate
finance arm is a boutique transactions advisory unit that did a lot of
work for the Group companies but we are open for outsider dealings too.
We have a newly formed young team who are all professionals and well
trained in all aspects of business in which we operate."
The company is also in the process of launching a Sri Lanka
Opportunities Fund, managed by Asia Wealth Management for Japanese
investors, which it hopes to have operational by the end of the year.
Providing integrated capital markets and advisory services, Asia
Wealth offers innovative solutions, across a wide range of products
including both buyside and sellside mergers and acquisitions capital
raisings, restructurings, project finance, structured finance, and
tailored strategic and financial advice. The company's most important
role however is to exploit synergies between the other three core
holdings of the Group.
The company also has ties with Hardman and Company, one of the best
research houses in London to broadbase its research as well as to
venture into investment banking activities.
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