National Wealth Corporation, the governments new wealth management agency, is offering its expertise to government institutions, private firms and high networth individuals.
The corporation, established as a wholly owned subsidiary of the Mahapola Trust Fund (MTF), will also seek private equity later on, to strengthen its operations.
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rnldblquote What we intend to do is to have a primary dealership, a treasury management and advisory unit debt structuring and asset management; these will be the divisions within National Wealth Corporation. As things progress, these three units will be spun off with private capital brought in to strengthen its operations,
dblquote CEO National Wealth Corp., Mangala Boyagoda told Lanka Business Online.
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rnThe agency has shortened its name to lquote Nat Wealth, and is waiting Central Banks approval for a licence to deal in the primary market for government debt. rn
rnThe corporation will manage MTF monies of over Rs. 4 bn initially. rn
rnBoyagoda says already