The expansion came with a round of financing from the venture capital firm Helion Venture Partners.
“We are happy to see that our growth is being recognized by investors," Amba Research Lanka’s Managing Director Ravi Abeysuriya said.
"We also hope to give more local professionals the opportunity to be a part of the unique work experience Amba Research offers its staff”.
The firm's Colombo office now has more than 250 people. Amba Research provides investment research support through dedicated analysts to clients in global financial centres.
Amba says it employs the largest number of the UK's Chartered Institute of Management Accountants (CIMA) qualified persons and is the only Sri Lankan company to have received the CIMA Continuous Professional Development (CPD) accreditation.
“'I was pleasantly surprised to hear how so many young CIMA qualified professionals have been able to reach global echelons of finance with the exposure they have had at Amba Research," Rick Sturge CIMA’s Director of Employer and Strategic Development said after visiting the facility.
CIMA has 158,000 students and members in 161 countries. In Sri Lanka, CIMA has more than 11,000 students and 1,800 members.
Amba Research Lanka says it is looking for passed finalists and members of CIMA, Chartered Financial Analysts (CFA) and the Association of Chartered Certified Accountants to support their rapidly growing operations worldwide.
Founded in 2003 by a group of senior research directors of international investment banks, Amba provides equity, fixed income and quantitative research.Amba has offices in New York, London, Bangalore, Colombo, Singapore and San José, Costa Rica.