Orient Wealth signs trust deeds with Deutsche Bank

Monday, 30 July 2012 00:00 - - {{hitsCtrl.values.hits}}

Orient Wealth Limited signed three trust deeds with Deutsche Bank Sri Lanka on 19 July 2012. Under the provisions of the trust deeds, Deutsche Bank will play the role of trustee and custodian for the three newly licensed funds to be managed by Orient wealth.

The three funds include Orient Gilt Edged Fund, Orient Corporate Debt Fund and Orient Equity Fund which are licensed by the Securities Exchange Commission of Sri Lanka to be managed by Orient Wealth.

“As a unit trust management company we shall ensure that our customers’ money is transferred to the Trustees to keep in safe custody in respective funds. This arrangement is safer for the investors,” commented S. Jeyavarman, CEO of Orient Wealth.

Orient Wealth was officially established in February 2012 and its main focus is developing innovative investment schemes to help small investors to invest in the capital markets conveniently. With a highly reputed Board of Directors, management and experienced staff, Orient Wealth offers professional fund management services to investors who will be investing in the investment schemes of Orient Wealth that will enable them to participate in the capital markets and to ensure that their capital grows over time.

Orient Wealth is a fully-owned subsidiary of Orient Capital Limited (OCL) which is a 100% equity financed company with diverse capital market services for individual and corporate clients with a highly experienced board of directors and senior management. Orient Finance PLC and First Alliance Money Brokers Limited (FAMB) also come under the OCL umbrella.