Furthermore he also 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.
The British High Commissioner to Sri Lanka His Excellency Mr. James Dauris, Chairman of the Advisory Committee of the Chartered Institute for Securities and Investment (CISI) Mr. Nihal Fonseka,the Country Manager for CISI Mr. Brian Selvanayagam and a delegation from the UK attended the Market Opening Ceremony.
The Chairman of the CSE Mr. Vajira Kulatilaka, CSE Director Mr. Anton Godfrey, CSE CEO Mr. Rajeeva Bandaranaike and Senior Management represented the CSE at the Market Opening Ceremony.
“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,” The Rt. Hon. the 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.
“The 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,” Chairman, Colombo Stock Exchange Mr. Vajira Kulatilaka said.
Mr.Yarrow took office as the 687th Lord Mayor of the City of London on Friday 7th November 2014.
He was born in Malaysia and educated at Harrow before joining Grieveson Grant, stockbrokers in 1972 and being elected a member of the Stock Exchange in 1978.
He is currently Chairman of the Chartered Institute for Securities and Investment and is also a Non-executive Director of Turquoise Global Holdings Limited (subsidiary of the London Stock Exchange) and Fixnetix Limited (low latency data communications).
He is also a Trustee of the Police Foundation.
He has served as Chairman of the London Investment Banking Association, a member of the Take-over Panel, Vice-Chairman of the Financial Services Authority Practitioner Panel, and Vice President of the British Bankers’ Association.
The occasion also marked the signing of a Memorandum of Understanding between the Chartered Institute for Securities and Investment (CISI) and the Colombo Stock Exchange (CSE) to facilitate educational programmes, between the two organisations.
About CSE
The Colombo Stock Exchange (CSE) operates the only share market in Sri Lanka and is responsible for providing a transparent and regulated environment where companies and investors can come together.
The CSE is a company that is limited by guarantee established under the Laws of Sri Lanka.
The CSE is licensed by the Securities and Exchange Commission of Sri Lanka (SEC) and is a mutual exchange consisting of 15 Members and 19 Trading Members.
All Members and Trading Members are licensed by the SEC to operate as Stockbrokers. For more information, please visit: www.cse.lk.
Caption (Pic L-R):
1.) Ringing of the Ceremonial Opening Bell. The British High Commissioner to Sri Lanka His Excellency Mr. James Dauris, The Rt. Hon. the Lord Mayor of the City of London Alan Yarrow, Chairman of the CSE Mr. Vajira Kulatilaka, Chairman of the Advisory Committee of the Chartered Institute for Securities and Investment (CISI) Mr. Nihal Fonseka, CSE Director Mr. Anton Godfrey and CEO of the CSE Mr. Rajeeva Bandaranaike.
2.) Signing of the Memorandum of Understanding.The Rt. Hon. the Lord Mayor of the City of London Alan Yarrow, Chairman of the Advisory Committee of the Chartered Institute for Securities and Investment (CISI)Mr. Nihal Fonseka and Chairman of the CSE Mr. Vajira Kulatilaka.
