Oct 05, 2011 (LBO) – Capital Alliance, an investment house active in equities and fixed income markets has been re-branded as CAL from October 2011 after 11 years of operations is looking to expand further into asset management and retail financing, the company said. Capital Alliance said it has become a key player in the origination, trading and investment in debt, and equity securities; operating both on the buy side as well as the sell side. It operates through several units in different markets.
Since the end of the war in 2009, CAL Advisory unit has completed five initial public offerings, six introductions and is preparing a pipeline of other new issues, Deshan Pushaparaja, head of capital markets said.
It has also placed 3.1 billion rupees of IPOs and is joint manager for the upcoming People’s Leasing sale.
It had placed over 6 billion rupees in asset securitizations, debentures and pro-notes over the last two years.
CAL Treasury is a non-bank primary dealer with over 6.0 billion rupees in assets under management.
CAL Securities is the seventh largest broker with a 6.5 percent market share with a diversified clientele of local and foreign institutions, high net worth individuals and retail clients, the firm said.
Equities research was moved in house to CAL Research from October ending a longstanding association with Frontier Research, an independent research house.
CAL Asset Management was launched in July 2011 and the firm expects it to be a significant contributor in the future.
CAL acquired the Peopleâ€™s Merchant Finance Limited from Peopleâ€™s Merchant Bank PLC in May 2011 was listed on the Colombo stock exchange from October 04.
“It is expected to become the retail face of the CAL group and will engage in the business of margin trading, automobile leasing and other related businesses,” the company said.