Lord Mayor of London visits CSE

Published : 10:27 am  May 19, 2015 | No comments so far |  |  (545) reads | 

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From left: British High Commissioner to Sri Lanka James Dauris, Lord Mayor of the City of London Alan Yarrow, CSE Chairman Vajira Kulatilaka, CISI Advisory Committee Chairman Nihal Fonseka, CSE Director Anton Godfrey and CSE CEO Rajeeva Bandaranaike taking part in the market opening ceremony

Lord Mayor of the City of London Alan Yarrow visited the Colombo Stock Exchange (CSE) and took part in the market opening ceremony yesterday.
Furthermore, he held discussions on the investment prospects of the Sri Lankan capital market and the potential for the growth of foreign direct investment under the new government.

British High Commissioner to Sri Lanka James Dauris, Chartered Institute for Securities and Investment (CISI) Advisory Committee Chairman Nihal Fonseka, CISI Country Manager Brian Selvanayagam and a delegation from the UK attended the market opening ceremony.

CSE Chairman Vajira Kulatilaka, CSE Director Anton Godfrey, CSE CEO Rajeeva Bandaranaike and the senior management represented the CSE at the event.

“Colombo no doubt has a very exciting future ahead of itself. If I look back at what things looked like just a year ago – you would not have imagined the opportunities that have opened up for foreign direct investment to the country and the attitudinal changes taking place because of your new government. Let us get the elections over quickly and move forward more quickly,” Lord Mayor of the City of London Alan Yarrow said.

“I am also pleased to be here as the Chairman of the CISI, it is a very important part of our offering to allow wealth managers to internationalise their qualifications. Professionalisation of the industry is very important because we want to ensure professionals are globally qualified to give investors’ confidence in the advice they receive,” he added.

“Sri Lanka has had a long-standing relationship with Britain in terms of infrastructure, economy and culture. Similarly, the Colombo Stock Exchange has continued a relationship with the London Stock Exchange in terms of technology development and investment relations. The UK continues to invest in Sri Lanka through the capital market and we hope this relationship continues into the future,” Colombo Stock Exchange Chairman Vajira Kulatilaka said.

The occasion also marked the signing of a Memorandum of Understanding between the CISI and CSE to facilitate educational programmes, between the two organisations.