Sri Lanka’s state run Bank of Ceylon has established a fully fledged investment Banking arm to provide multiple of services for both the Corporate and the Government entities.
BOC announced today that its newly established investment arm is ready to provide services such as corporate advisory, structured products, Mergers and Acquisitions, handling of Debenture issues and also IPO’s.Apart from that it is also armed with the expertise to provide services for investors, private Equity funds and Fund Managers.
Earlier the BOC handled similar activities via its Treasury division.
The DGM of the newly established unit P.A. Lionel said “The new unit is totally dedicated to Investment Banking”.
The Bank has recruited around 3 to 4 professionals from the private sector who is well verse with Investment Banking.
The DGM Lionel added “During the 1st quarter of 2011 we will expand the unit”. He said new additions will be brought in to strengthen the unit.
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