Fee Offer

Merchant Bank of Sri Lanka will expand its fee based capital market service portfolio in a tie up with Indian investment banking giant SBI Caps on Wednesday. Merchant Bank of Sri Lanka will expand its fee based capital market service portfolio in a tie up with Indian investment banking giant SBI Caps on Wednesday. Among other benefits, the deal gives Merchant Bank the experience and the backing needed to meet international donor criteria for consultants who pitch for state sector restructuring projects.

Merchant bank’s outgoing Managing Director Sunil Wijeyasinghe said the bank is already in talks with the Public Enterprises Reform Commission (PERC) and other government officials to contest for restructuring and divesture projects.

SBI Caps, a State Bank of India subsidiary meanwhile will develop and design new capital market products already tried and tested in the region.

Merchant Bank’s Manger – Capital Markets Jayantha Perera said the new capital market products designed with SBI would be more locally oriented than the models used by competitor firms.

Perera said most merchant bankers tend to use capital market products that worked f