About Us : Ceybank Asset Management Ltd

Ceybank Asset Management Limited is a leading Sri Lankan Asset Management Company, incorporated in 1991.

The Company has the backing of four strong institutional shareholders namely Bank of Ceylon (44%), Sri Lanka Insurance Corporation (26%), Unit Trust of India (17.5%) and Carson Cumberbatch PLC (12.5%).

Ceybank Asset Management Limited is involved in the following business activities.

  • Management of Unit Trusts Funds
  • Management of Institutional Client Portfolios
  • Providing Advisory Services to high net worth individuals and institutional investors both foreign and local

Ceybank Asset Management Limited has an in-depth insight into the working of the Capital markets and Money markets in Sri Lanka. The Company is involved in advising and structuring Unit Trust Funds and Investment Portfolios both in Equities and Fixed Income for clients to access the Sri Lankan Capital Market.

Our Investment Philosophy is value oriented and Investment approach is research driven. We buy stocks where the management has a good track record in delivering performance and are fundamentally sound, at reasonable prices. In the case of fixed income securities, we always emphasize the need for capital preservation and will seek to maximize returns by managing the duration of the portfolios efficiently in relation to market interest movements.

Our Employees are an integral part of our success. As a responsible Employer, we encourage continuous professional development of our Employees

Ceybank Asset Management Limited is a socially responsible Company and invests in Investor education with the objective of creating a more knowledgeable investor. The Company representatives conduct workshops and training programs for School Teachers, Students and Investors country wide. These programs are conducted independently and also jointly with the Securities & Exchange Commission and the Colombo Stock Exchange.

Profile of the Shareholders

Bank of Ceylon
www.boc.lk

The premier state owned Commercial Bank with an Asset Base of LKR 1,200Bn which is 24% of the Sri Lanka’s total banking sector assets and with a deposit base of LKR 842Bn. Established in 1939 the bank has firmly entrenched as Sri Lanka’s premier financial services organization offering a broad range of services and holds the leadership position in its assets, deposits, and foreign currency remittances.

The Bank boasts of a wide network of 567 Branches and 523 ATMs locally and 4 overseas branches in London, Male, Chennai and Seashells and 865 Correspondent Banks globally.

The Bank was rated as the No 1 Brand in the country for the fifth consecutive year by Brand Finance Lanka in 2013 with a brand value of LKR 24Bn and is rated “AA (lka) / Stable Outlook” by Fitch Ratings, and ranked among the 1000 largest banks in the world.

Sri Lanka Insurance Corporation Ltd.
www.srilankainsurance.com

Established in 1962, the Sri Lanka Insurance is the largest and strongest composite insurance provider in Sri Lanka owned by the State, with an asset base of LKR 132Bn. The company also has the largest Life Fund in the insurance industry of LKR 60Bn and a strong capitalization of LKR 6Bn.

With strong re-insurance arrangements, a highly experienced technical knowledge base and the widest network spread across the country, the company has over 52 years’ experience in fulfilling the insurance needs of the Sri Lankan people , honoring the largest claim ever paid of LKR 39.5Bn and the largest bonus ever declared to the life policy holders of LKR 4.2Bn.

The company has been affirmed by Fitch Ratings at AA(lka) with Stable outlook and also AAA with Stable outlook from Lanka Rating Agencies.

Carson Cumberbatch PLC
www.carsoncumberbatch.com

Carson Cumberbatch PLC is a diversified conglomerate incorporated in Sri Lanka with business interests spanning across South East Asian region. The core business interests of the group include Investment Holdings and Financial Services, Brewing, Oil Palm Plantations, with business interests in the Real Estate and Leisure Sectors. With an annual consolidated turnover of LKR 77Bn and assets over LKR 159Bn in both Sri Lanka and overseas, the Company accounts for nearly 3% of the total market capitalization of the Colombo Stock Exchange (CSE) and also the 7th largest listed company of the Colombo Bourse.

Unit Trust of India
www.utimf.com

One of the largest unit trust managers in India with over 30 years of experience in managing more than 100 unit schemes and over 9 Mn unit holders, and more than US$ 11Bn (INR 643.5Bn) assets under management. UTI Mutual Fund has a track record of managing a variety of schemes catering to the needs of every class of citizens across India.

UTI Mutual Fund is promoted by the four of the largest Public Sector Financial Institutions as sponsors, viz., State Bank of India, Life Insurance Corporation of India, Bank of Baroda and Punjab National Bank with each of them presently holding a 18.5% stake in the paid up capital of UTI AMC

Board of Directors

The management of Ceybank Asset Management Limited is vested in the Board, comprising eight Directors with rich experience and expertise in the financial sector in Sri Lanka and abroad.

Mr. Palitha Pelpola - Chairman

Mr. Palitha Pelpola is currently working as Presidential Coordinating Secretary at the Ministry of Defense. He is also a member of the Board of Hatton National Bank.

Mr. Pelpola has served the Government of Sri Lanka in the capacities of the Private Secretary to the Minister of Mahaweli Development and Lands & Land Development. Managing Director of Mahaweli Economic Agency, Director of Mahaweli Centre, Special Advisor to the Minister of Plantation Industries and Director General of Mahaweli Authority of Sri Lank. He has also served as Secretary to the Leader of the Opposition when late Mr. Gamni Dissanayake held that position.

He was the former Chief Executive Officer of Leader Publications Ltd and was the Media Consultant of World Health Organization. Mr. Palitha Pelpola was also the Senior Advisor of the Ministry of Enterprise Development & Investment Promotion and he has also worked as Executive Director of the Sri Lanka Foundation, Los Angeles, California, USA.

Mr. Chitra Sathkumara - CEO / Executive Director

CEYBANK ASSET MANAGEMENT LTD

Mr Sathkumara was appointed the Chief Executive Officer of Ceybank Asset Management Limited in June 2000. Prior to that, Mr. Sathkumara served as a Fund Manager for a period of 7 years having joined the firm in 1993. Currently, he is the Head of the Management Team involving formulation and implementation of investment strategies for the assets under management.

Having commenced his career at The Finance PLC as a Management Trainee, he counts for over 25 years of experience in the financial services industry, holding key management positions in the Sales, Fund Management and Operations.

Mr. Sathkumara holds a Bachelor of Science Degree from the University of Sri Jayewardenepura, Sri Lanka and a MBA in Finance from the Fordham University, USA. He has completed the Fund Managers’ course and participated in the investment Research Programme conducted by the UTI Institute of Capital Markets in India.

He also completed the General Management Programme at the NUS Business School of the National University of Singapore and completed Level 1 of the Charted Financial Analyst Examination (CFA)

Mr. Mano Selvanathan - Deputy Chairman

Mano Selvanathan holds a Bachelors Degree in Commerce and is the Chairman of Sri Krishna Corporation (Private) Limited, Ceylon Finance & Securities (Private) Ltd. and Selinsing PLC and is a Group Director of most Companies in the Carson Cumberbatch Group in Sri Lanka, Indonesia, Malaysia, Singapore & India and is an active Member of its Executive Management Forums. He is also the Deputy Chairman of Ceybank Asset Management Ltd.

He has served as the Chairman of the Ceylon Chamber of Commerce and The Indo Lanka Chamber of Commerce & Industry and also as the President of the Rotary Club of Colombo North. At present he is the Honorary Consul of the Republic of Chile in Sri Lanka.

Mano Selvanathan was conferred the highest National Honours in Sri Lanka the ‘DESAMANYA’ title by H.E. The President of Sri Lanka, in recognition of the services rendered to the Nation in November 2005.

In January 2011 he was awarded with the prestigious ‘PRAVASI BHARATIYA SAMMAN AWARD’ by the President of India.

He also received the Presidential Honour of ‘ORDER OF KNIGHT COMMANDER’ in October 2013 awarded by the Government of Chile.

Mr. D. M. Gunasekara - General Manager / Chief Executive Officer

BSc.Special(Public Finance & Taxation), AIB(Sri Lanka), AMP 63(Wharton USA) Mr. Gunasekera appointed as the General Manager in January 2013. Held the position of Deputy General Manager, in charge of Retail Banking and Sales & Channel Management from October 2010 to January 2013.

Joined the bank in 1983, Mr. Gunasekara commenced his career in retail banking, which enriched him with a wealth of knowledge and experience in all aspects of credit management and administration. He served at BOC London branch from 1997 to 2000 and during his tenure in the UK, he received comprehensive experience in international banking operations. He counts for 31 years of experience in banking sector including Corporate and Off-shore banking.

He is a Non-Executive nominee Director on the Boards of Merchant Bank of Sri Lanka & Finance PLC., BoC Travels (Private) Ltd, BoC Property Development & Management (Pvt) Ltd., Property Development PLC., BoC Management & Support Services (Pvt) Ltd., Bank of Ceylon (UK) Ltd., Ceybank Holiday Homes (Pvt) Ltd., Ceybank Assets Management (Pvt) Ltd., Hotels Colombo (1963) Ltd., Credit Information Bureau of Sri Lanka, Lanka Financial Services (Bureau) Limited, LankaClear (Private) Ltd., Sri Lanka Banks’ Association (Guarantee) Ltd., The Financial Ombudsman Sri Lanka (Guarantee) Ltd. and a Member of the Governing Board of the Institute of Bankers of Sri Lanka.

He has successfully completed the programme on Corporate Management for Sri Lanka (LKCM2 AOTS) in Japan an Advanced Management Programme conducted by the Wharton University of Pennsylvania, USA. Mr. Gunasekara graduated from the University of Colombo, Sri Lanka, with a Special Degree in Public Finance & Taxation in 1981. He is an Associate Member of the Institute of Bankers of Sri Lanka and a Member of the Association of Professional Bankers.

Mr. S. M. S. C. Jayasuriya - Deputy Genaral Manager, International & Treasury

Mr. S M S C Jayasuriya has been appointed as the Deputy General Manager (Finance & Planning) with effect from May 2013. Prior to the present position, he served as the Assistant General Manager in charge of the Treasury & Investment Banking Division. He was the CEO of the Primary Dealer Unit of the Bank.

Counting over 27 years of service in Banking, he possesses 22 years of experience in Treasury. Mr. Jayasuriya was in the Domestic Banking in early part of his career and later specialized in Treasury, Investment and International Banking. He has made immense contribution towards the Treasury Division specially managing the liquidity position of the Bank maximizing foreign exchange income. Mr. Jayasuriya has also served as the Head of Treasury, Bank of Ceylon branch in Chennai from 1997 to 2000. At present he serves as a Member in the Investment Committee of the Bank and in the Investment Committee of the Bank’s Pension Fund/ Provident Fund. He was the Secretary to the Assets and Liability Management Committee of the Bank. He was a Member of the Executive Committee of the Sri Lanka Forex Association for many years.

Mr. Jayasuriya graduated from University of Sri Jayawardenepura in 1979 with Bachelor of Science Degree. He is an Associate Member of the Institute of Bankers of Sri Lanka (AIB). Associate Member of the Chartered Institute of Management Accountants (CIMA).Member of the Chartered Global Management Accountants (CGMA) (UK) and also a Member of the Chartered Shipbrokers (MICS) (UK). Before joining the Bank he worked in the Ceylon Shipping Corporation for 5 years and ended as an Assistant Manager.

He played a very active role in the both USD 500 Million Bond Issues in April 2012 and 2013 and was a member of the Road Show team. In addition, he played key roles in Debenture Issues done by BOC to enhance the Tier II Capital. He has used his relationship with International Banks to mobilize substantial amount of funding through several syndicated loans and bilateral facilities in order to manage the liquidity position.

Mr. M. S. P. R. Perera

BSc. Public Administration (Special) 1st Class Honours from university of Sri Jayawardenapura, MBA University of Colombo, MA University of kalaniya.

FCA, FCMA,PG. Dip in Corporate Finance.

Mr. Ranjith Pererapresently functions as the Senior Deputy General Manager/ Finance of the Sri Lanka Insurance Corporation ltd. He is a Fellow member of the Institute of Chartered Accountants of Sri Lanka, fellow member of Certified Management Accountants of Sri Lanka. He holds a Bachelor of Science Degree with first class honours from University of Sri Jayawardenepura, Master of Business Administration from University of Colombo and also Master of Arts from university of kalaniya. He counts Over 34 years management experience in the Sri lanka Insurance Corporation ltd in the areas of Accounts, Finance, Investment and Compliance Functions. He has been a Director of Ceybank Asset Management Ltd, since 2004.

Mr. B BabuRao

Mr. BabuRao has more than 26 years of experience in the area of Finance, Capital Markets and Fund Management in UTI Mutual Fund.

He is currently managing the activities of the Specified Undertaking of UTI (SUUTI) on deputation from UTI Asset Management Company Ltd

During his career in UTI, he has handled various assignments and extensively worked in the areas of Project Finance, Investment Management, Offshore Funds, Venture Capital and Private Equity Funds, resolution of stressed assets and investor relations.

Prior to joining UTI in the year 1989, he worked with Larsen & Toubro Ltd, for six years.

BabuRao holds Bachelor Degree in Engineering and received MBA from Indian Institute of Management, Ahmedabad.

Mr. G. A. Jayashantha (alternate Director)

Having joined the Bank in the year 1997, Mr. GodakandaArachchigeJayashantha counts 18 years of service in the Bank where he has gained experience in diverse fields including Branch Banking, Credit, Treasury, & Risk Management out of which more than 10 years of his experience has been at the Treasury Division.

Mr. Jayashantha currently functions as the Asst. General Manager, Risk Management.

Mr. Jayashantha holds a BSc. Special Business Administration (1st Class Hons.) Degree from the University of Sri Jayewardenepura, and obtained Master of Financial Economics (Merit Pass) from the University of Colombo. He is an Associate Member of the Institute of Bankers’ in Sri Lanka.

MR. A. Weeratunge (Alternate Director)

Ajith Weeratunge is a Director of the Carson Cumberbatch Group’s Management Company, Carsons Management Services (Private) Limited and holds the position of Head of Finance. He is also a Director of Equity One PLC and Equity Two PLC, as well as the Group’s Investment Holding Sector - Ceylon Investment PLC, Rubber Investment Trust Limited and Guardian Fund Management Limited and the Leisure Sector - Equity Hotels Limited. He carries more than 34 years of finance related experience in the mercantile sector and has held positions in Lanka Walltile Ltd., Union Apparels (Pvt) Ltd., John Keells Holdings PLC, Phoenix Industries (Pvt) Ltd and Ceylon Beverage Holdings PLC.

He is a Fellow member of the Chartered Institute of Management Accountants of UK.

Investment Advisory Panel

An eminent panel of experts with in-depth experience in global business and finance supports the management by providing general guidance and direction on the economy and the capital market.

Mr. Tennyson Rodrigo

Mr. Rodrigo was the former Managing Director and Chief Executive of Capital Development and Investment Company PLC, Chairman of CDIC Sassoon Cumberbatch Stockbrokers (Pvt) Ltd and the Past Chairman of the Audit Committee of Eagle Insurance PLC and is currently a Director of Good Hope PLC. He was the Expert Advisor to the Carson Cumberbatch PLC - Audit Committee in respect of the Real Estate, Hotels and Airlines, Investment Holding and Financial Services and Management Services Sector Companies of the Group.

He holds a Bachelor of Science in Chemistry and Mathematics from the University of Ceylon and a Bachelor of Science (Hons) Degree in Chemical Engineering from the University of New South Wales, Australia. He is a Chartered Engineer and a Member of the Institute of Chemical Engineers, UK

Mr. Hari Selvanathan

Mr. Selvanathan is the Chairman of Bukit Darah PLC and Deputy Chairman of Carson Cumberbatch PLC and Goodhope Asia Holdings Ltd. He is the President Commissioner of the palm oil related companies in Indonesia. He holds Directorships in several subsidiary companies within the Carsons Group and is also a Director of Sri Krishna Corporation (Private) Limited, and the Chairman of Express Newspapers (Ceylon) Ltd. He is also the Chairman of Carsons Management Services (Private) Limited, and Agro Harapan Lestari (Private) Limited. He is a Past President of the National Chamber of Commerce and Past Vice Chairman of the International Chamber of Commerce (Sri Lanka). He counts over 20 years of experience in commodity trading in International Markets.

He holds a Bachelor of Commerce Degree.

Mr. S N P Palihena

Mr. Palihena is the former General Manager of Bank of Ceylon and is a former Director of DFCC Bank, has a distinguished banking career spanning almost 40 years. He presently serves as a Director for E.B. Creasy & Company PLC and some of its subsidiaries, The Colombo Fort Land & Building PLC, Softlogic Finance PLC, SMB Leasing PLC and in several companies of the Hirdaramani Group.

Mr. Palihena is a Fellow of the Chartered Institute of Bankers – UK and a Fellow of the Institute of Bankers, Sri Lanka. He holds a Postgraduate Diploma in Business and Financial Administration from the Institute of Chartered Accountants of Sri Lanka.

Our Partners

Our partnerships in the Trustee and Custodial Services are with reputed Financial Institutions.

Presently the National Savings Bank (AAA lka), Sri Lanka’s premier State Owned Savings Bank is the Trustee and the Bank of Ceylon (AA+ lka) is the Custodian for all the Ceybank Unit Trust Portfolios managed by Ceybank Asset Management Limited. The Standard Charted Bank provides Custodial Services for some of the Private Portfolios managed by us.

Fund Management Team

The Senior Members of the Fund Management Division consists of well-qualified experienced personnel involved in providing a proficient and ethical investment management service, backed by up-to-date investment research.

The Fund Management Team has undergone in-depth on-the-job training in the field of investment management and trading operations with UTI. The Investment Division has been set-up and the senior managers have been trained in the necessary techniques and skills required for its operation under the supervision of a Fund Manager deputed from UTI under a Technical Assistance Agreement.

Further, visiting expatriates from Unit Trust of India have trained the staff in specialized areas from time to time.

Chitra Sathkumara - CEO/ Executive Director

Mr. Sathkumara is the Chief Executive Officer of Ceybank Asset Management Limited and heads of the management team involving formulation and implementation of investment strategies for the assets under management.

Ian Ferdinands - Manager – Investments & Business Development

Mr. Ferdinands joined the company in July 2008. Prior to joining Ceybank Asset Management Limited, he worked at National Asset Management Limited (NAMAL), managing fixed income Funds, the Primary dealer operations and Marketing functions, where he was instrumental in introducing new Funds, among them the first Money Market Fund and Shariah based unit trust Fund in Sri Lanka. He has also worked as a Foreign Exchange broker at Forbes Money Brokers prior to working at NAMAL. He is currently involved in managing the Fixed Income Funds of the company and structuring new unit trust Funds and Investment Plans.

He is a Chartered Marketer (UK) and Certified e Marketing Associate (USA). He is presently reading for MBA (Finance) at University of Southern Queensland, Australia.

Rajitha Elapata - Executive (Investments)

Mr. Elapata joined Ceybank Asset Management Limited in April 2015.He is responsible for caring out in house research functions. He also carries out execution of trade in the implementation of investments policies and trading strategies for Unit Trust funds. Prior to joining Ceybank he worked at Entrust Securities PLC (Primary Dealer) and Entrust Wealth Management limited as an Executive. He also worked at Capital Trust Securities as an Investment Analyst. He started his career at HSBC Sri Lanka corporate banking division.

Mr. Elapata holds a Bachelor of Businesses Administration with Economics Degree from the University Of Greenwich UK London. He is also doing his Maters of Financial Economics MBA (MFE) at University of Colombo Sri Lanka.

Kanchana Karannagoda – Assistant Fund Manager

Ms. Karannagoda is responsible for the execution of trades in the implementation of investment policies and trading strategies for the unit trust Funds and client portfolios. She also carries out the in-house research function for the Company. Having joined the firm in 2005, she counts over 9 years of experience in Investment research and Fund Management. Prior to joining Ceybank Asset Management Limited she served in the Investment Division of Union Assurance Ltd as an Investment Executive from 2004 - 2005.

Ms. Karannagoda is an Associate Member of Chartered Institute of Management Accountants (CIMA-UK), and also a Chartered Global Management Accountant. She holds a Bachelor of Science in Business Administration (Finance) Special (Hons) degree from the University of Sri Jayewardenepura.

Kavindya Asoka – Executive (Investments)

Ms. Kavindya currently works as an Executive Investment at Ceybank Asset Management Limited. She is responsible for assisting the Fund Manager in managing fund Cash flows and executing daily investments. She also carries out in – house research functions for the company.

Prior to joining Ceybank Asset Management Limited she was employed at LOLC Securities as a Registered Investment Advisor (RIA) in analysing and advising on prospective equity investments for clients and at Bank of Ceylon as an Intern Finance

Ms.Kavindya holds a Bachelor of Science in Management (Finance) special (Hons) degree with a Second Upper Class division from University of Sri Jayewardenepura, Sri Lanka and is part Qualified in Chartered Institute of Management Accountants (CIMA)UK.

Kalaivani Arumugam - Executive Investment

Ms. Kalaivani currently works as an Executive Investment at Ceybank Asset Management Ltd. She is responsible for assisting the fund manager in managing fund cash flows and executing daily investments. She also carries out in- house research functions for the company.

Ms. Kalaivani is an Associate Member of Chartered Institute of Management Accountants (CIMA-UK), and also a Chartered Global Management Accountant. She holds a Bachelor of Business Administration (Finance) Special (Hons) degree from the University of Colombo. Prior to joining Ceybank AM, she was employed at BPO Connect (Pvt) Ltd as an Accounts Associate and at Echannelling PLC as an Accounts Executive.

Other Key Management Team

The Senior Members of the Fund Management Division consists of well-qualified experienced personnel involved in providing a proficient and ethical investment management service, backed by up-to-date investment research.

Mr. W D F Wimalaratne - General Manager

Mr. Wimalaratne joined the company as the General Manager/ Compliance Officer in November 2010. He is responsible for the General Administration, HR and Compliance functions of the firm.

Prior to joining Ceybank Asset Management Limited, he served at Bank of Ceylon for over 40 years in various capacities and retired as a Deputy General Manager. He is a Fellow member of the Institute of Bankers Sri Lanka and holds a diploma in Bank Management from the same Institute.

He also holds a Postgraduate Diploma in Business & Finance Administration from the Institute of Chartered Accountants of Sri Lanka.

Mr. Ravindra Hettiarachchi - Manager (Finance)

Mr. Hettiarachchi is the head of the Accounts Division. He is responsible for all accounting functions of the Company, the Unit Trust funds and Client portfolios.

He counts for over 15 years of experience with the firm, having joined in 2000. Prior to joining Ceybank Asset Management Ltd, he worked at Ernst & Young - Sri Lanka as a Senior Accountant.

Mr. Hettiarachchi holds a MBA from University of Kelaniya and Bachelor of Science in Management Special (Hons) Degree from the University of Sri Jayewardenepura.

He is also a Finalist of the Institute of Chartered Accountants of Sri Lanka (ICASL).

Mr. Kumudu Kekirideniya – Manager (Marketing)

Mr. Kekirideniya is the Head of the Marketing Division of Ceybank Asset Management Limited. Joined in 2008, he has over 20 Years of experience in sales and marketing both in FMCG and Financial Services in leading Sri Lankan companies.

Mr. Kekirideniya is responsible for investment promotion, awareness building, advertising, management and development of sales channel and marketing of the Unit Trust Funds.

He holds a Professional Diploma in Marketing from Chartered Institute of Marketing (UK) and an Associate Member of Institute of Commercial Management (UK).

Ms. Dorin Sherina – Registrar

Ms. Sherina counts for over 11 years of experience in the Registration Department. Prior to joining Ceybank Asset Management Ltd she worked as an Executive in Vanik Asset Management Ltd for 4 years.

She has followed the course leading for Diploma in Chartered Secretaries & Administrators (U.K)

Compliance and Risk Management

The Investment Committee which comprise of the Chairman and the Members of the Fund department headed by the Chief Executive Officer meets on a regular basis to oversee and provide direction on the overall asset allocation for the Unit Trust Funds and other Assets Under Management. The General Manager who oversees the compliance function of the company also sits in the Investment Committee in order to provide guidance on Compliance matters on Funds under management.

The Compliance Officer ensures that the Unit Trust Funds comply with the statutory requirements demarcated under the Trust Deed, Explanatory Memorandum, Unit Trust Code and any other rulings directed by the Securities and Exchange Commission with regard to Unit Trusts. In addition he has to report to the Securities and Exchange Commission that the funds meet the said mentioned directions on a regular basis.

Furthermore, the compliance officer monitors the portfolio transitions to prevent inter-portfolio transactions taking place and to ensure fiduciary duties and responsibilities of the manager are fulfilled.

Marketing and Distribution Network

Ceybank Asset Management Limited uses the extensive branch network of its parent Bank of Ceylon as the principle marketing channel to promote Ceybank Unit Trust Funds. At present the company has regional offices in key metropolitan areas in Sri Lanka in addition to Bank of Ceylon branch network.

With an increased representation of the Bank of Ceylon in the Ceybank Asset Management Limited, the company continues to utilize the Bank of Ceylon branch network more extensively in promoting Ceybank Unit Trust Funds. Additionally this would help the company to explore more synergies in operations with the Bank of Ceylon in the future which is expected to enhance the Bank of Ceylon’s initiative to take the Sri Lankan capital markets to the masses.

The Funds under Management

Ceybank Asset Management Limited is regulated by the Securities & Exchange Commission of Sri Lanka (SEC) and is licensed to manage the following Unit Trust Funds. It is also licensed by the SEC to manage client portfolios and is registered with the Securities and Exchange Commission of Sri Lanka as an Investment Manager.

The Unit Trust Fund mix offered by the Ceybank Asset Management Limited provides varied risk return profiles for investors seeking to enter the financial markets.

As at February 2017 Net Asset Value (Rs. Mn)
Unit Trust Funds Fund Category Type Year Launched  
Ceybank Unit Trust * Balanced Open ended 1992 4,757
Ceybank Century Growth Open ended 1997 1,072
Ceybank Savings Plus Money Market Open ended 2009 924
Ceybank Surakum Income – Gilt Edge Open ended 2010 424
Ceybank Gilt Edge- B Series Income – Gilt Edge Open ended 2013 4.38
Ceybank Gilt Edge- A Series Income – Gilt Edge Open ended 2016 2,168
Asset Under Management in Unit trust category 9,349
Other Non-Unit Trust Portfolios 126
Total Asset Under Management 9,475
*The largest Equity Fund in the country

Risk Return Profile of the Unit Trust Funds