07 March 2011

Credit Suisse Brings High End Investors to Sri Lanka from Asia Pacific

07th March 2011, www.dailynews.lk, By Ramani Kangaraarachchi

Seventeen high end investors from the Asia Pacific region was in Sri Lanka last week to have dialogues with top Sri Lankan companies such as John Keells, BoC, HNB, Colombo Dockyard and Aitken Spence.

Seeing the huge potential in Sri Lanka for international investors the leading financing company Credit Suisse organized these meetings with their clients and Sri Lankan companies.

Credit Suisse operates in 57 countries and provides comprehensive financial solutions thruogh private banking, investment banking and asset management.

Credit Suisse Chief Operating Officer and Managing Director Dumith Fernando told Daily News Business that the companies had fruitful discussions during two days and hoped to have further discussions in the second stage.

These foreign investors has shown a keen interest in investing in listed and non listed companies in Sri Lanka.

He hoped that the expected growth pattern in Sri Lanka will create very good opportunities with new development projects in the country such as the industrial harbour and other infrastructure.

He said that Credit Suisse was in consistent focus for sometime after August last year on increasing investment projects in Asia. The company has good corporate contacts and it could utilize a large amount of capital for them.

Therefore the company is interested in introducing their clients to emerging markets and work through public private partnerships.

He said that the emerging markets will certainly continue to be drivers of growth and growth and innovation was one of the company’s main equity ideas for 2011.

That includes some of the emerging stock markets where there is still scope. The company is particularly keen on companies in the developed markets that are continuing to innovate.

John Keells Capital President Krishan Balendra said that John Keells Stock Brokers has been working with Credit Suisse after participating in the high profile Asian Investor Conference in Hong Kong last August and had achieved successful results so far.

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