“Private Wealth Management” is the newest financial solution offered by NDB AVIVA Wealth Management to the affluent clients who require services going beyond their banking. This exclusive service will be relationship based with each client having a dedicated relationship manager and a fund manager.
The solutions will encompass assessing an individuals or a family’s needs and providing the right answers from a single location. The areas of saving or investment will encompass stocks, corporate debt, government securities, structured paper, regular bank savings and current accounts, fixed deposits etc. This premium service is powered by the state of the art technology which NDB AVIVA Wealth Management has recently acquired from a top US based firm.
“Our clients come to us for a variety of reasons. Most want the expertise of our investment management. Many want us to integrate their banking, capital markets and insurance needs in a single location. Others want to eliminate the usual hassle of having to visit many locations and the associated paper work. Some want us to bring simplicity to complexities. All of them want to sleep well at night,” NDB Aviva Wealth Management CEO Prabodha Samarasekera said explaining the new service.
NDB AVIVA has positioned itself as a caring and intimate solutions provider building a close rapport with the client, understanding what they really want not only in terms of wealth but also in terms of life. Whether it’s acquiring, giving away, distributing or investing, NDB AVIVA relationship managers together with the fund management specialists will visit the clients at home or any other convenient location to discuss and understand the very specific or special needs of the client before they present a plan which is unique to each client.
Moreover, NDB AVIVA Wealth Management has teamed up with the Deutch Bank and HSBC to provide a choice in best of custodial services. Clients could call NDB AVIVA Wealth Management to make an appointment for a visit by a relationship manager. The service offers privacy to its clients if they decide to visit NDB AVIVA Wealth Management at the Privilege Banking Centre, Dharmapala Mawatha Colombo 7 or speak to the relationship managers based at the centre.
NDB Bank CEO Russell de Mel commenting on the introduction of the “Private Wealth Management” service said: “The NDB Group sees its’ future much dependant on the synergies for cross-selling opportunities. In this instance, I am happy to note that the NDB Bank is the first bank in Sri Lanka to introduce a service which truly combines the resources of retail banking with capital markets and insurance verticals to provide our clients with a unique value proposition.”
NDB Bank Capital Markets Cluster CEO Vajira Kulatilake added that “the NDB Bank is the only true universal bank in Sri Lanka with banking, insurance and capital market products being offered to its clients, where capital markets are represented by the NDB Investment bank, NDB AVIVA Wealth Management and NDBS Stock Brokers, in Sri Lanka. With the economy now poised to grow the per capita GDP is expected to double. Thus it is most opportune to encourage a savings culture. In an era of low interest rates, savers now have a window to maximise gains.”
NDB AVIVA Wealth Management is the largest licensed private sector fund management company in Sri Lanka with over Rs. 45 billion of funds under management. It manages a variety of funds including those pertaining to the insurance industry, provident and pension funds, endowments, and mutual funds. With over 16 years of experience, NDB AVIVA Wealth Management probably offers the best expertise and systems to the capital markets in Sri Lanka. The local expertise of NDB combined with the global breadth and skills offered by Aviva positions NDB AVIVA Wealth Management in a unique position in offering new and innovative savings and investment solutions in the Sri Lankan market. As an independently owned and managed company, its team of highly qualified and experienced professionals assisted by best in class systems would deliver true wealth management solutions to the NDB Group clientele.