NDBIB appoints new Head of Corporate Advisory

Tuesday, 11 October 2022 00:11 - - {{hitsCtrl.values.hits}}

Saminda Weerasinghe

NDB Investment Bank Ltd. (NDBIB), the unrivalled leader in investment banking in Sri Lanka, announced the appointment of Saminda Weerasinghe as its Head of Corporate Advisory.

Saminda is a strategic management expert with 20 years of extensive experience in Corporate Finance, Transaction Advisory, Private Equity Structuring and more. He commenced his career at Ernst & Young Sri Lanka, where he was instrumental in multiple advisory and capital raisings for start-ups, M&A and restructuring of distressed companies for multiple clients in Sri Lanka and Maldives.

He also had a brief stint at Ernst & Young Singapore during this period and subsequently moved to Acuity Partners Ltd. Thereafter, he moved to Asia Capital PLC where he served as Chief Strategy Officer and spearheaded capital raising for several projects.

Prior to joining NDBIB, he held directorship positions at Acquest Ltd., New Anthoney’s Farms Ltd. and Kasper Global Ltd., where he contributed immensely to the operations and growth of these entities whilst gaining a vast experience in multiple business sectors.

He is a CFA Charterholder and is also a Fellow Member of Chartered Institute of Management Accountants (UK).

NDBIB Chief Executive Officer Darshan Perera stated, “We are excited to expand our team with the addition of Saminda who is undoubtedly a seasoned strategic and financial professional with a proven track record. We are optimistic that Saminda’s vast experience in this domain will help us further establish our position within the market.”

NDB Capital Holdings Ltd. (holding company of NDBIB) Chief Executive Officer Senaka Kakiriwaragodage said, “Saminda comes with significant experience in capital raising, M&A and advisory.

His wider knowledge, experience and relationships will help to provide innovative solutions to clients of NDBIB.”

Saminda Weerasinghe, commenting on his latest appointment at NDBIB, said: “I am excited to join the esteemed team of Investment bankers at NDBIB. Looking forward to working with the Investment Bank and the NDB Capital group to continuously deliver innovative investment banking solutions to our clients domiciled in, and out of Sri Lanka. I know these are challenging times in the country, but we at NDBIB are of the firm belief that adversities bring about the best of opportunities.”

NDB Bank was recently named the Best Bank in Sri Lanka by Euromoney, making it the fourth major award received from the world’s most prestigious publications in financial services – Euromoney, Global Finance and The Banker.

This win for NDB comes in the light of being named the “Most Awarded Corporate 2021” as per LMD ranking. The Bank was also recently named one of the “Top 50 Best Workplaces in Sri Lanka 2022” by Great Place Work, USA. NDB is the 4th largest listed bank in Sri Lanka and the parent company of the NDB Group.

The only financial services group in Sri Lanka, NDB Group is uniquely positioned towards assisting the growth and development of the Sri Lankan financial market to provide its customers seamless access to the product and service offerings of all its group companies.