Business
CAL in Partnership with Heritage Partners to Advise Family Businesses
CAL (Capital Alliance) Group has recently entered into a landmark agreement with Heritage Partners, a law firm specializing in advising Sri Lankan businesses across a broad spectrum of legal matters. Through this partnership, CAL will be able to enhance the advisory services offered to family business clients, while also providing them with access to ancillary services such as the drafting of family constitutions, restructuring and succession planning, shareholder dispute resolution, and family office structuring. The agreement between CAL and Heritage Partners was signed by Group Director of CAL, Mr Ajith Fernando, and Precedent Partner of Heritage Partners, Dr. Arittha Wikramanayake.
Discussing the partnership, Ajith Fernando, Director of CAL said, “As an investment bank focused on family businesses, we have built a deep understanding and appreciation for the specific challenges that these companies and their respective family owners face. More often than not, the long-term success and failure of the business are defined by the inner workings of the family even more so than the fundamentals of the business itself. It is, for this reason, we decided to enter into a mutually beneficial partnership with Heritage Partners. We are confident that this partnership will enable our clients to ensure the longevity of their business across generations”
This unique partnership is one of CAL’s many ongoing efforts to provide unparalleled services to family business clients, which the Group sees as a key client segment forming the bedrock of frontier markets. Through this arrangement, CAL will be able to more effectively serve their family business clients, particularly those working through transitions and liquidity events, leveraging the global perspective and experience of Heritage Partners.
CAL first entered the Sri Lankan market in 2000 as a licensed primary dealer, rapidly evolving into one of only five non-bank licensed primary dealers in the country. The company has grown over the past two decades to become the market leader in Capital Markets services, offering a growing list of solutions including Wealth Management, Equity & Debt Capital Markets, Mergers & Acquisitions Advisory, Stockbroking, Fixed Income trading and Private Equity. It has been lauded with the title of ‘Best Investment Banking Company in Sri Lanka’, among other accolades. CAL also maintains a growing international footprint, through its entry into Bangladesh’s capital markets across Stock-brokering and Investment Banking.
The Delegation of German Industry and Commerce in Sri Lanka (AHK Sri Lanka) proudly facilitated the first-ever Sri Lankan delegation’s participation at Drupa 2024, the world’s largest trade fair for the printing industry and technology. Held after an eight-year hiatus, Drupa 2024 was a landmark event, marking significant advancements and opportunities in the global printing industry.
AHK Sri Lanka played a pivotal role in organising and supporting the delegation, which comprised 17 members from the Sri Lanka Association for Printers (SLAP), representing eight companies from the commercial, newspaper, stationery printing, and packaging industries. This pioneering effort by AHK Sri Lanka not only showcased the diverse capabilities of Sri Lanka’s printing sector but also facilitated vital bilateral discussions with key stakeholders from the German printing industry.
Business
Unveiling Ayugiri: Browns Hotels & Resorts sets the stage for a new era in luxury Ayurveda Wellness
In a captivating reimagining of luxury wellness tourism, Browns Hotels & Resorts proudly unveiled the exquisite Ayugiri Ayurveda Wellness Resort Sigiriya. This momentous occasion, celebrated amidst a vibrant and serene grand opening on the 6th of June, heralds a new chapter in the Ayurveda wellness tourism landscape in Sri Lanka. Nestled amidst 54 acres of unspoiled natural splendour, Ayugiri features 22 exclusive suites and stands out as the only luxury Ayurveda wellness resort in the country offering plunge pools in every room, rendering it truly one-of-a-kind.
The grand opening of Ayugiri Ayurveda Wellness Resort was an enchanting event, where guests were captivated by the melodies of flutists and violinists resonating through Sigiriya’s lush landscapes. As traditional drummers and dancers infused the air with vibrant energy, Browns Hotels & Resorts’ CEO, Eksath Wijeratne, Kotaro Katsuki, Acting Ambassador for the Embassy of Japan and General Manager, Buwaneka Bandara, unveiled the resort’s new logo, marking a significant moment witnessed by distinguished guests from the French Embassy, Ayurveda and wellness enthusiasts along with officials from the Sigiriya area, LOLC Holdings and Browns Group.
“Our strategic expansion into wellness tourism with Ayugiri Ayurveda Wellness Resort Sigiriya symbolises a significant milestone for Browns Hotels & Resorts. Wellness tourism has consistently outperformed the overall tourism industry for over a decade, reflecting a growing global interest in travel that goes beyond leisure to offer rejuvenation and holistic well-being. By integrating the timeless wisdom of Ayurveda with modern luxury, we aim to set a new standard in luxury wellness tourism in Sri Lanka. Whether your goal is prevention, healing, or a deeper connection to inner harmony, Ayugiri offers a sanctuary for holistic well-being” stated Eksath Wijeratne.
Ayugiri encapsulates the essence of life, inspired by the lotus flower held by the graceful queens of the infamous Sigiriya frescoes. Just as the lotus emerges from the murky depths, untainted and serene,
Ayugiri invites guests on a journey of purity and rejuvenation, harmonised with a balance of mind, body and spirit, the essence of nature, echoes of culture and the wisdom of ancient Ayurvedic healing.
HNB General Insurance, one of Sri Lanka’s leading general insurance providers, has been honored as the Best General Bancassurance Provider in Sri Lanka 2024 by the prestigious Global Banking and Finance Review – UK.
The esteemed accolade underscores HNB General Insurance’s unwavering commitment to excellence and its outstanding performance in the field of bancassurance. Through dedication and hard work, the HNB General Insurance team has continuously endeavored to deliver innovative insurance solutions, cultivate strong relationships with banking partners, and provide unparalleled service to customers nationwide. This recognition is a testament to the team’s dedication and relentless pursuit of excellence in the bancassurance business.
“We are honored to receive this prestigious award, which reflects our team’s tireless efforts and dedication to delivering value-added insurance solutions and exceptional service through our bancassurance partnerships,” said Sithumina Jayasundara, CEO of HNB General Insurance. “This recognition reaffirms our position as a trusted insurance provider in Sri Lanka and motivates us to continue striving for excellence in serving our customers and communities.”
US sports envoys to Lanka to champion youth development
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