about us : Ceybank Asset Management at a glance

The primary objective of CAML in asset management is to provide a service to the client in order to maximize return commensurate with the risk.

Ceybank Asset Management (Pvt) Ltd (CAML) is one of the leading asset management companies in Sri Lanka. Established in 1991, by the name The Unit Trust Management Co (Pvt) Ltd, currently manages approximately Rs 14 billion in client's funds.

Shareholders of CAML are:-

Bank of Ceylon
Sri Lanka Insurance Corporation
Carson Cumberbatch PLC
Unit Trust of India

CAML offers investment management expertise to institutions and individuals through customized portfolio management services and unit trusts. At present CAML manages five Unit Trust Funds;

Ceybank Unit Trust (Income and Growth Fund) - CUT
Ceybank Century Growth Fund (Equity Fund) - CCGF
Ceybank Gilt-Edged Fund (Closed End Gilt-Edged Income Fund) - CGEF
Ceybank SavingsPlus (Money Market Fund) - CSP
Ceybank Surakum Gilt-Edged Fund - SUR

The primary objective of CAML in asset management is to provide a service to the client in order to maximize return commensurate with the risk considering specific investments needs of the client. Being an associate company of the Bank of Ceylon, the largest commercial bank in the country and dominant market player with vast experience, CAML is in an advantageous position to assist clients to invest in Government and corporate debt securities efficiently, at the best possible investment yields with no settlement risk.

History

Incorporated in 1991, by the name The Unit Trust Management Co, (Pvt) Ltd. was promoted by the Bank of Ceylon, Merchant Bank of Sri Lanka Ltd., Carson Cumberbatch & Co Ltd., Unit Trust of India and then Wardley Investment Services (Hong Kong) Limited (now HSBC Global Asset Management (Hong Kong) Limited.) The overseas equity partners of CAML have provided technical assistance and conducted training programs and provided guidance in keeping abreast with the international norms in fund management.

The company launched its first fund, Ceybank Unit Trust (Income and Growth Fund) in March 1992 with the objective of providing regular dividend income to investors while balancing risk with reward to achieve a reasonable rate of return. Ceybank Unit Trust has grown to become the largest unit trust fund in the country with net assets over Rs.6000 million as at 31st March 2011 with more than 4000 unit holders.

In November 2001, Merchant Bank of Sri Lanka sold its 16% stake in CAML to Sri Lanka Insurance Corporation Ltd; thus Sri Lanka Insurance Corporation Ltd, became a shareholder of CAML.

Ceybank Century Growth Fund was the second unit trust fund launched by the CAML on 3rd December 1996, with the objective of providing a higher capital growth in the medium to long-term, taking a higher level of risk. The Ceybank Century Growth Fund has also grown to become the largest equity fund in Sri Lanka with assets over Rs. 1500 million as at 31st March 2011.

CAML launched its first closed end income fund Ceybank Gilt-Edged Fund on 10th March 2008. The Fund will mainly invest in a portfolio of Government Securities.

CAML Launched its third open ended Income Fund, Ceybank SavingsPlus MoneyMarket Fund on 15th July 2009. The Fund will mainly invest in a portfolio of money market securities.

In 2009, November, CAML launched its fourth open ended unit trust fund, ceybank surakum fund, The Fund will invest in a term portfolio of long term Government Securities.

The Unit Trust Management Co, (Pvt) Ltd changed its name into Ceybank Asset Management (Pvt) Ltd from 1st April 2010 as the shareholding structure changed with Bank of Ceylon becoming the major shareholder with 43.36% of shares.

Shareholding Structure of CAML

Bank of Ceylon	43.36%
Sri Lanka Insurance Corporation Ltd	26.57%
Unit Trust of India	17.48%
Carson Cumberbatch PLC	12.59%

Shareholders of CAML

CAML is backed by:

Bank of Ceylon – the state owned premier financial institution in the country with the largest deposit base of Rs.524 Billion and more than 9 Million depositors with total assets over Rs.715 Billion, and a wide branch network providing a well diversified service to its clients.
» http://www.boc.lk

Carson Cumberbatch PLC – is the holding company of a diversified group of businesses, with net assets over Rs.19 Billion in Sri Lanka and overseas. The group has 14 quoted public companies under its management with business interest in brewing, oil palm plantations, investment holdings, real estate and leisure sectors.
» http://www.carsoncumberbatch.com

Sri Lanka Insurance Corporation – the largest and strongest composite insurance provider in Sri Lanka with over Rs.88 Billion in assets under management with the strong capital of 6 Billion rupees. It also has the largest life fund in insurance industry of Rs. 50 Billion.
» http://www.srilankainsurance.com

Unit Trust of India – the largest unit trust in India with over 38 years of experience in managing 50 unit schemes, and more than US$ 18 Billion assets under management from 10 Million investor accounts.
» http://www.utimf.com

The Board of Directors

The management of CAML is vested in the Board, comprising seven Directors with rich experience and expertise in the financial sector in Sri Lanka and abroad. Mr. K.L. Hewage who has a vast working experience of around 40 years in the sphere of Consultancy, Management, Training, Projects, Finance, Marketing, Agriculture Development & Extension, Planting etc. has been nominated as the Chairman by the Bank of Ceylon. Mr Mano Selvanathan of Carson Cumberbatch Group is the Deputy Chairman of the Company.

The Directors of the company are:-

Mr. K.L. Hewage - Chairman (B.Sc, M.Sc.)
Mr. Mano Selvanathan - Deputy Chairman
Mr. Chitra Sathkumara - Chief Executive Officer/Executive Director
Ms.W.A.Nalini - Nominee: Bank of Ceylon
Shri B. Babu Rao - Nominee: Trust of India
Mr. D. M. Gunasekera - Nominee: Bank of Ceylon
Mr. M. S. P. R. Perera - Nominee: Sri Lanka Insurance Corporation
Mr. D. C. R. Gunawardena - Alternate Director to Mr Mano Selvanathan
Mr. P. A. Lionel - Alternate Director to Mr B. A. C. Fernando

Investment Advisory Panel

Mr. Chandi Chanmugam - Member, Monetary Board, Central Bank of Sri Lanka
Mr. Tennyson Rodrigo - Former General Manager - CDIC
Mr. Hari Selvanathan - Deputy Chairman, Carson Cumberbatch PLC
Mr. S N P Palihena - Former General Manager - Bank of Ceylon

CAML Clients

CAML serves a diverse client base that includes institutional, individual and third party investors. Our investment strategies have been developed to meet the needs of all sectors of people.
Market Leadership.

CAML has consistently achieved top rankings for unit trust funds under its management. We have the largest income and growth fund in the country under our management, and also the first and the largest equity fund in Sri Lanka as at 31st March 2010.

CAML with assets over Rs.3.6 Billion under its management and commands over 60% market share in the Sri Lanka's Unit Trust industry.

These standings are a testament to the trust that our clients place in us year after year.

The performance quoted is past performance and is not a guarantee of future results. Unit Trust Funds are subject to certain market risk. Investment returns and principal value of an investment will fluctuate so that an investor's Units, when redeemed, may be worth more or less than original cost. Current performance may be higher or lower than the performance data shown.