CAL reiterates importance of risk management best practices for emerging markets

• nInternationally-renowned risk consultant David Roden in town

Capital Alliance, a full-service investment bank will focus on highlighting to the industry this week on best practices in risk management for emerging markets. Concentrating on the industry’s financial institutions, CAL along with David Roden will spend two days in Sri Lanka, meeting with senior bank executives including other representatives from the country’s financial community.

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CIMB completes Asia Pacific investment banking platform with RBS buy

• Forming the largest investment banking franchise based in Asia Pacific (ex-Japan)

CIMB Investment Bank (CIMB) yesterday announced the acquisition of most of the Asia Pacific cash equities and associated investment banking businesses of the Royal Bank of Scotland (RBS).

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SEC to reform licensing framework for market intermediaries

By Dinali Goonewardene
The Securities and Exchange Commission (SEC) has released a consultation paper on reforming the licensing framework for market intermediaries.
Features of the proposed new system include consolidating all market participants under the common umbrella of market intermediaries and the restriction of license to only corporate entities.

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HSBC names new India CEO

REUTERS: HSBC, Europe’s largest bank, appointed Stuart Milne as its CEO for India, effective 1 April, the London-listed bank said.
 Milne, who was most recently its country manager for Japan, will succeed Stuart A. Davis who is moving to a new position within the organisation, it said on Monday.

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Nimal Perera assumes duties as Chairman of Pan Asia Bank

Nimal Perera, the newly appointed Chairman of Pan Asia Bank commenced his official duties on 2nd April 2012.

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Janashakthi Insurance rewards top performers

• Top achievers walk away with a spate of overseas tours and fabulous cash prizes

Janashakthi Insurance, a leading insurer in Sri Lanka, rewarded more than 200 top sales performers in a glittering and spectacular Awards Ceremony with overseas tours to USA, UK, China, Dubai, Bangkok and India, overseas training, air tickets, cash prizes, trophies and certificates at the Janashakthi Annual Awards for Excellence 2012.

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Softlogic Capital to leasing arm for Rs. 100 m

Softlogic Capital Ltd., is to sell 67% stake in its leasing arm for Rs. 100 million to Forbes Capital Ltd.

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Upul appointed Deputy MD at Aviva NDB Insurance

AVIVA NDB Insurance has appointed its former Director – Life Distribution Upul Wijesinghe as the Deputy Managing Director of the company with effect from April 2012.

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More exciting deals for Commercial Bank cardholders this Avurudu

The Commercial Bank of Ceylon is once again rewarding its credit and shopping debit cardholders with attractive deals in April, giving them more reasons to enjoy shopping in the Avurudu season.

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CDB signs deal for five-year sponsorship of CIMA Biz Leaders Summit

Citizens Development Business Finance PLC (CDB) and the Chartered Institute of Management Accountants (CIMA) recently signed an agreement for a five year sponsorship of the annual Business Leaders Summit.

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