Bartleet Mallory Stockbrokers expands with three branches

Friday, 15 July 2011 00:01 - - {{hitsCtrl.values.hits}}

Bartleet Mallory Stockbrokers Chairman Eraj Wijesinghe addressing the ceremonial ‘Stock Market Gamata’ launch held in Matara

Bartleet Mallory Stockbrokers (BMSBL), a joint venture between Bartleet Transcapital and Religare Enterprises Ltd., India and a pioneer in the capital market industry of Sri Lanka, is set to aggressively expand its products and offerings throughout the country.

Opening of the Bartleet Mallory Stockbrokers Dehiwala Branch

Opening of the Bartleet Mallory Stockbrokers Kiribathgoda Branch

In line with this strategy the company launched a novel concept, ‘Stock Market Gamata,’ creating a platform for many individuals distant from the metro areas to experience the benefits of stock market investments penetrating the retail market segment further.

The expansion began with the relocation ceremony held at Matara amidst a large gathering under the patronage of Bartleet Mallory Stockbrokers Chairman Eraj Wijesinghe. In addition new branches in Dehiwala and Kiribathgoda were opened recently. Plans are under way to open new branches in Bandarawela, Batticaloa and Polonnaruwa.

With the head office situated in the commercial capital of Sri Lanka, the company operates four branches within the Colombo Stock Exchange (CSE) premises in Matara, Jaffna, Negombo and Kandy and two Investor Service Centres (ISCs) in Vavuniya and Embilipitiya. The company has access to an exclusive high net worth investor base and caters to all the trading local institutional investors whilst serving a wide range of retail investors.

Elaborating further about the steady growth, Wijesinghe said: “As one of the founder members of the Colombo Stock Exch-ange we take great pride in offering our unmatched services to areas which have immense potential to power the Sri Lankan stock market.

As pioneers the business philosophy of our company weighs heavily towards building carefully cultivated long-term business relationships with the provision of superior services. As a result of the political stability and economic revival in the country we relish an enviable market position and we are poised towards reaching greater heights through innovation and novelty.”

The primary activity of BMSBL is to cater to the stock market investment needs of both local and foreign investors. The company acts as an intermediary and facilitates trade on equity and debt which are listed on the Colombo Stock Exchange.

BMSBL offers value added services such as portfolio management, equity research, online trading further establishing a clear leadership in the present market.

Bartleet Mallory Sto-ckbrokers jo-ined hands with Religare enterprises limited of India in 2010 and is well positioned to capitalise on the opportunities of the capital market industry of Sri Lanka on the back of well established local and global brands. Religare is an emerging markets financial services group with a presence across Asia, Africa, Middle East, Europe, and America.

It is head quartered in India which is its largest market, offering a wide range of products and services including broking, insurance, asset management, lending solutions, investment banking and wealth management.

They cater to over a million clients who include institutions, high net worth families and retail investors along with 10,000 plus employees spread across multiple geographies.