Colombo Stock Brokers Association commends appointment of a special minister

Ajith-Nivard-Cabraal

Aug 21, 2020 (LBO) – The Colombo Stock Brokers Association (CSBA) extends its congratulations and best wishes to the new government and newly-appointed State Minister Ajith Nivard Cabraal for Finance, Capital Markets, and State Enterprise Reforms.

The CSBA also extends its gratitude to President Gotabaya Rajapaksa and Prime Minister Mahinda Rajapaksa for seeing and acting upon the need for a separate ministry for capital markets for the first time in the history of Sri Lanka and appointment of Ajith Nivard Cabraal as the minister in charge due to his expertise in finance and state enterprise, and his holding of key positions in the field such as his tenure as the governor of the Central Bank of Sri Lanka and as the Senior Advisor on Economic Affairs to the Prime Minister.

Considering the past few years that the Sri Lankan economy and stockbroking industry has faced many challenges, the CSBA eagerly looks forward to playing a significant part in developing the national economy and hopes to play a key role in the growth story of Sri Lanka, the CSBA said in a statement.

The CSBA is keen on working closely with the new government in order to expand and popularize equity investments and related products among the general public of the country and promote much sought after foreign portfolio investors.

Speaking on the matter, President of CSBA Kosala Gamage says, “Over the last few years, Sri Lanka has had to face many challenges. However, with the appointment of the new cabinet of ministers, we at CSBA see a bright and prosperous future ahead. We are keen on working closely with Ajith Nivard Cabraal and aiding his agenda for the industry. We look forward to playing an instrumental role in making Sri Lanka a thriving nation once again.”

Established in 1995, the Colombo Stock Brokers Association is an apex industry body, representing stock broking companies licensed and regulated by the Securities and Exchange Commission of Sri Lanka. As of 2020, the association consists of 18 member companies striving to develop the Sri Lankan economy.