$ 199 b worth assets managing Carlyle Group in town today

Tuesday, 8 July 2014 01:01 - - {{hitsCtrl.values.hits}}

At the invitation of the Securities and Exchange Commission of Sri Lanka (SEC), the Carlyle Group will visit Sri Lanka for the first time today to speak at the symposium on the ‘Role of Independent Directors’ organised by the SEC, in collaboration with the Colombo Stock Exchange (CSE). The Carlyle Group has $ 199 billion of assets under management across 120 funds and 133 fund vehicles. In Asia-Pacific alone, Carlyle has invested $ 20 billion, which is approximately the entire market capitalisation of the CSE. Founded in 1987 in Washington, DC, Carlyle has grown into one of the world’s largest and most successful investment firms. The symposium will be held today (8 July) at the Cinnamon Grand Hotel, Colombo. It is intended to create awareness amongst independent directors of listed companies on the importance of their role inter alia towards safeguarding the interests of investors and shareholders. This event will also feature eminent speakers including the Chief Regulatory Officer of the Bombay Stock Exchange (BSE) India Nehal Vora , President’s Counsel Dr. Harsha Cabral and Sri Lanka Institute of Directors (SLID) Representative Sunil Wijesinha, along with senior officials of both the SEC and CSE. SEC Chairman Dr. Nalaka Godahewa will deliver the opening remarks.

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