CSE Chairman Ray Abeywardene (fifth from right) presenting NDB Investment Banking Group with the winning prize
- Third edition attracts 58 teams
- NDB Investment Banking Group wins overall competition
- DFCC Bank and Commercial Bank of Ceylon secure 2nd and 3rd place respectively
The third edition of Sri Lanka’s only capital market quiz ‘CSE Masterminds’, organised by the Colombo Stock Exchange (CSE), was recently held at the Water’s Edge Hotel, with NDB Investment Banking Group emerging as winner of the overall competition. DFCC Bank was placed runner up while Commercial Bank of Ceylon secured third place. A cash prize of Rs. 200,000 was awarded to the winning team and second and third placed teams were awarded a cheque for Rs. 100,000 and Rs. 75,000 respectively.
The participating teams were segregated into six sectors based on their core area of business. NDB Investment Banking Group (Banking and Finance), Ceylinco life Insurance (Insurance), Capital Alliance Group Team 1 (Stockbroking), Dialog Axiata (Technology), Moody’s Analytics Knowledge Services (Professional and Knowledge Services) and Hemas Manufacturing (Diversified and Other) won special awards for excelling in their respective categories.
The competition, which was organised by the CSE with the objective of enhancing knowledge on the capital market, drew 58 teams with a wide representation from corporates around the country. Participants were tested on their knowledge of local and global capital markets, local and international business, and other areas in relation to the management of financial securities.
CSE Masterminds 2019 was supported by First Capital Holdings as the Strategic Partner, Softlogic Stockbrokers as the Stockbroking Partner, National Savings Bank as the Banking Partner, Access Engineering as the Lifestyle partner, Water’s Edge as the Hospitality Partner and Hameedia as Clothing Partner. CIMA, 99X Technology, NDB Investment Bank, Expolanka Holdings, Cargills Ceylon and the London Stock Exchange Group also supported CSE Masterminds as event partners, while Entertainment Unlimited partnered with the CSE as the AV partner for the second consecutive year.
Commenting on the initiative, CSE CEO Rajeeva Bandaranaike said that the competition has steadily evolved since its inception into one of the foremost quiz competitions in the corporate sector and a flagship event in the CSE calendar. “The interest in the corporate sector to participate and view the quiz as a fun and engaging learning experience has been vital to the success of the event. We congratulate the winning teams and express our appreciation to all the organisations and brands that have supported the event this year in the capacity of a sponsor or partner,” he added.