Orient Wealth signs trust deeds

Orient Wealth Limited signed three trust deeds with Deutsche Bank Sri Lanka recently. Deutsche Bank will play the role of trustee and custodian for the three newly licensed funds to be managed by Orient Wealth, under the provisions of the trust deeds.

Orient Wealth has obtained approval of the Securities and Exchange Commission of Sri Lanka to manage these funds. “As a unit trust management company, we will ensure that customers’ money is transferred to trustees to keep the funds secure.

This arrangement is safer for investors,” said CEO of Orient Wealth, S Jeyavarman. Orient Wealth was set up in February this year and its main focus is developing innovative investment schemes to help small investors to invest in the capital markets conveniently.