Tag Archives: Wealth Management

JANASHAKTHI GROUP: FROM FAMILY BUSINESS TO CONGLOMERATE

THE WORD JANASHAKTHI MEANS ‘THE STRENGTH OF THE PEOPLE’ AND IT BEGAN WITH A FAMILY OVER TWO DECADES AGO

Janashakthi Group Chairman Chandana de Silva and Managing Director/ Group CEO Ramesh Schaffter discuss the company’s humble origins and transformation into a leading diversified conglomerate in the country. They also share insights on how different businesses and people across the group are aligned to a single vision to embark on the transformational journey envisioned for the group and explore new avenues of growth.

Tell us how Janashakthi Group is creating synergies between its different business units for growth?

Schaffter: Our group’s businesses are leaders in their respective industries, and we have now aligned ourselves to further strengthen our business operations. This business model allows the group companies to share services and leverage synergies and access expertise across a range of functions. Our strength has been our leadership, both at management and board level, who bring a variety of skills and experience from diverse backgrounds. We believe operational excellence and customer service are essential requirements for growth and for staying ahead of the competition.

Read more >> 

First Capital steps forward as Principal Sponsor of the SSC Open Tennis Championships 2021

Colombo 17th February 2021; Investment institution First Capital Holding PLC has come forward as the principal sponsor for the SSC Open Tennis Championships. The SSC Open 2021 is to be conducted from 19th February to 7th March 2021 at the Singhalese Sports Club (SSC) Tennis courts. The championships will be the first major open ranking tournament for the year 2021 having already attracted more than 650 entries and is one of the most anticipated events for the year.

“First Capital is pleased to sponsor the SSC Open Tennis Championships, as we see the impact of tournaments such as this in upholding high standards and enabling high performance.  The Championships have a strong synergy with our corporate values and our brand promise to deliver ‘performance first’. We are confident this partnership will further strengthen the association between our organizations and enable the upliftment of the sport across Sri Lanka”, stated Mr. Dilshan Wirasekara, Director / Chief Executive Officer of First Capital Holdings PLC, at the event to announce the Principal Sponsorship held recently.

The championships will be conducted under the purview of the governing body of the sport, the Sri Lanka Tennis Association and organized by the SSC Tennis House Committee. ‘All health and safety guidelines recommended by the Ministry of Health will be adhered to in conducting the championship, ensuring maximum safety to its participants and stakeholders at large’ said Mr Chammika De Silva the Tournament Director of the SSC Tennis Championships 2021.

The SSC Open Tennis Championships has had a long history and has gained prominence as a steppingstone for young talent, with most of its winners moving on to the national and international stage in the years ahead. This makes the championships one of the most sought-after fixture in the Sri Lankan Tournament calendar, also gaining the trust in its participant as a well-organized event. The championships will comprise of Girls and Boys events from under 12 to under 18 (Singles & Doubles), Men’s and Women’s Singles and Doubles, Mixed Doubles and Veterans events for over 35, over 45 & over 55 age groups.

Long standing supporters of the SSC Open Tennis Championships, Diesel and Motor Engineering PLC (DIMO) and 3 G Sports (Head Tennis Balls) will continue as co-sponsor and the main ball sponsor respectively. Further co-sponsors include ABC Shipping and Ceylon Biscuits Limited (CBL), which will be the nutrition sponsor. The Peoples Bank has also come forward to support the SSC Open this year.

Mr. Mufaddal Hazari, an International Tennis Federation qualified official with long years of experience will serve as the tournament referee.

(Insert photo – with caption) ‘Mr.  Dilshan Wirasekara, Director / Chief Executive Officer, First Capital Holdings PLC (on the Right) handing over the Sponsorship Cheque to Mr. Vasantha Wijesekera, Honourary Secretary, Singhalese Sports Club’, also in the picture (L-R), Mr. Neshan Gunasekera, Honourary Chairman, SSC Tennis House Committee, Mr. Nilanka Peiris, Honourary Treasurer, SSC, Ms. Nisansala Munasinghe, Manager Branding and Marketing Services First Capital Holdings PLC and Mr. Chandana De Silva, Director, First Capital Holdings PLC’

Photo credit – Mr Kamal Wanniarachchi of The Island

 

CIM Sri Lanka partners First Capital Holdings for cross-discipline knowledge sharing

CIM Sri Lanka Vice Chair Brian Selvanayagam, CIM Sri Lanka Chairman Sanjika Perera, First Capital Holdings Chief Executive Officer Dilshan Wirasekara and Nisansala Munasinghe from First Capital Holdings’ Branding and Marketing Services
CIM Sri Lanka Vice Chair Brian Selvanayagam, CIM Sri Lanka Chairman Sanjika Perera, First Capital Holdings Chief Executive Officer Dilshan Wirasekara and Nisansala Munasinghe from First Capital Holdings’ Branding and Marketing Services

 

 

The Chartered Institute of Marketing Sri Lanka entered into a strategic partnership with First Capital Holdings PLC, one of the country’s leading investment banks, to lay the foundation for a cross-discipline knowledge sharing platform.

Further strengthening the aspiration to build awareness and share industry knowhow a Memorandum of Understanding (MOU) was signed between CIM Sri Lanka and First Capital, committing to goals mutually benefiting both organisations.

Commenting on the partnership, CIM Sri Lanka Chairman Sanjika Perera said: “As CIM Sri Lanka enters its 21st year in developing professional education in the Island it is a privilege to partner First Capital Holdings PLC with over 30 years’ experience in investment banking to increase awareness around both industries through a series of initiatives planned to unfold during the year.”

First Capital Holdings Chief Executive Officer Dilshan Wirasekara said: “We at First Capital are pleased to collaborate with a renowned professional body such as the Chartered Institute of Marketing Sri Lanka. In our commitment towards setting industry standards, we are constantly seeking to sharpen our competitive edge by working together with leading professional bodies. We believe this partnership will benefit both organisations to increase its footprints by sharing insights and understanding about our industries.”

CIM Sri Lanka is the first International branch of CIM UK and is proud to claim the largest membership outside the UK. CIM Sri Lanka has always campaigned for high professional standards, greater recognition for the Profession and Marketing excellence in Sri Lanka through education, training and development.

First Capital Holdings PLC is a full-service investment bank providing a diverse range of advisory services and financial products. The company’s integrated business platform comprises four specialised areas – Capital Markets Advisory, Wealth Management, Fixed Income and Equities.

First Capital currently serve an array of companies, institutions, government agencies, high net worth individuals and retail clients seeking truly objective advice, innovative solutions and execution expertise. The Company is listed on the Colombo Stock Exchange and is rated A- by ICRA Lanka Ltd.

Source: Daily FT | Published : September 7, 2016

Unit Trust Solutions

First Capital Holdings PLC is a full-service investment bank with a 30-year history, which offers an array of investment solutions to its clients including services in capital markets advisory, fixed income, equities and wealth management.

The company’s wealth management suite serves individual and institutional investors through unit trusts, financial planning and discretionary portfolio management.

Currently, the company is focusing on promoting its unit trust products to the market, which offers a low-risk investment option. Unit trusts are well suited for both corporates and individuals, as it allows for capital to be invested and managed professionally. The unit trusts funds act as a pooling vehicle in which funds from multiple investors are accumulated, allowing for larger investment in certain instruments with negotiated terms.

First Capital unit trusts products cater to a large base of high-net-worth and institutional clientele including SME and mid-level corporates.

The funds are managed by professional fund managers, who ensure that risks are diversified over a multitude of assets, while the largest state bank, the Bank of Ceylon acts as an independent trustee. Investors are given further peace of mind through the stringent monitoring and regulatory control of the unit trust industry by the Securities Exchange Commission (SEC).

Globally, the unit trust sector asset  base exceeds that of the banking sector. According to the Central Bank of Sri Lanka the bank deposits at LKR 4.7 trillion as at year end 2014, is leaps ahead of industry assets under management LKR 133 billion. Considering the tax exemptions given to unit trusts investments and that retail investors are seeking higher-yield alternative investments away from conventional bank-deposits, the company sees potential for growth in this segment.

Striving to excel in its customer centricity, First Capital encourages potential investors to consider their risk appetite, objectives, and purpose for investing prior to getting involved, ensuring that customers choose the most fitting investment option. “We profile the client, looking at age, responsibilities and commitments, and help them understand what sort of risk they should be taking, to fulfil their goals in life,” explains CEO, Dilshan Wirasekara. The company conducts financial planning on behalf of its clients to help them assess where they stand in relation to achieving their goals.

First Capital has a range of unit trust products targeting varying investor requirements. For the passive investor, it provides a gilt-edged fund, which invests purely in government securities, while providing a money-market fund for moderate risk-takers giving a return of 7-8% per annum, giving a higher rate than short-term bank deposits.   For the more aggressive risk-takers who want high returns, the company offers an equity fund, maintained on ethical grounds.

The company’s flagship unit trust fund – First Capital Wealth Fund was the best-performing fund in its category in 2013 and 2014, and has outperformed the unit trust industry in terms of Annual Equivalent Rate (AER) for the five years ended December 2015.

First Capital even offers customised portfolio management for investors with larger funds, and provides investment advice covering many business sectors.

Wirasekara comments: “The Company differentiates itself by the ability to navigate varying market cycles in multiple asset classes. Its superior performance in unit trust is a result of the ability to identify advantageous trends coupled with exemplary risk management.”

First Capital’s asset management business is only one aspect of its total offering. “We are a fully-fledged investment bank, having many other business lines,” avers Wirasekara adding that “being a primary dealer, we have insights into the bond market and interest-rate direction.” As testimony, First Capital claims to have been the largest manager of debt issuance in the market last year, raising LKR 25 billion of debt.

The company enjoys an unparalleled advantage with its research-backed market insights and expertise, which enables its fund managers to make notable capital gains by capitalising on movement, through risk mitigation and locking-in long-term rates at high yields.

First Capital has extended its local footprint through branches in Colombo, Kandy, Matara and Kurunegala. The company is geared for its journey towards growth in unit trust investments and customer-centric wealth management.

 

Published in May 2016 on the LMD Magazine – Digest Segment on Wealth Management