Japanese financial powerhouse makes strategic investment in Sri Lankan brokerage The SBI Group is to acquire a strategic 25% stake in Sri Lankan brokerage First Guardian Equities through an investment via a private placement. The MOU was signed by SBI Holdings Representative Director, President and CEO Yoshitaka Kitao and First Guardian Equities Ltd. Managing Director/CEO Rohan Goonewardene The SBI Group will be offered two representatives on the Board of First Guardian Equities. This transaction is due to be concluded shortly after obtaining the required regulatory approvals. First Guardian Equities is a licensed trading member of the Colombo Stock Exchange and regulated by the Securities and Exchange Commission of Sri Lanka (SEC). ...
Read More →