Ceybank recently commemorated its 35th anniversary, celebrating a legacy characterized by resilience, continuity, and investment acumen developed over three and a half decades. The firm has navigated various economic conditions and market changes in Sri Lanka, demonstrating its institutional robustness and the confidence it has garnered from generations of investors.
The milestone was celebrated with an exclusive event held at the Ceybank Corporate Office in Colombo, bringing together shareholders and executive leadership to reflect on the company’s achievements and future direction. The gathering featured Mr. Kavinda de Zoysa, Chairman of the Bank of Ceylon (BOC), emphasizing the strong partnership as Ceybank’s principal shareholder and expressing assurance in the company’s upcoming initiatives as it progresses with clarity and purpose.
Ceybank Asset Management Ltd. is jointly owned by four prominent institutions, each of which adds distinct strengths to its governance and operational performance.
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The Bank of Ceylon, Sri Lanka’s largest state-owned commercial bank, holds a 44% share, providing financial stability, credibility, and access to an extensive distribution network across the nation.
Meanwhile, Sri Lanka Insurance Corporation Ltd. (SLIC), the country’s leading state-owned insurer, possesses a 26% stake. SLIC contributes expertise in long-term financial planning and institutional investment, bolstering Ceybank’s reliability and resilience.
Additionally, the Specified Undertaking of Unit Trust of India (SUUTI), a trailblazer in the Indian investment management sector, holds 17.5% equity. SUUTI offers technical prowess and strategic global insights, enhancing Ceybank’s international outlook. Carson Cumberbatch PLC, a diversified regional conglomerate, maintains a 12.5% interest, contributing a strong investment track record and market presence, further solidifying Ceybank’s multi-sectoral influence.
This multi-shareholder model positions Ceybank as a joint venture that combines the stability of leading Sri Lankan financial institutions with international expertise and a diverse corporate foundation.
As Ceybank enters its next phase, the partnership with BOC is expected to play a pivotal role, leveraging the combined strengths of both entities. Ceybank’s investment expertise, paired with BOC’s expansive reach and established banking infrastructure, will create opportunities for more integrated financial solutions for clients in the future.
This collaboration remains a cornerstone of credibility and synergy within the Group, positioning Ceybank as a key player within a broader, established financial ecosystem.
Over its 35-year journey, Ceybank has earned a reputation for professional fund management across various investment categories, including money markets, fixed-income, balanced, and equity investments. Its disciplined governance and risk management practices have guided investors through numerous market fluctuations, underscoring the importance of experience during uncertain times.
Ceybank also excels in Discretionary Portfolio Management, offering customized investment solutions to corporations, institutions, and high-net-worth individuals. Each portfolio is managed with rigorous oversight, strong governance, and a tailored approach that aligns with clients’ objectives, risk tolerance, liquidity needs, and asset allocation strategies.
Recognized as a founding entity in Sri Lanka’s Unit Trust sector, Ceybank manages the nation’s inaugural Growth Fund—the Ceybank Century Growth Fund (CCGF)—as well as the largest Balanced Fund, the Ceybank Unit Trust Fund (CUT). These flagship funds reflect Ceybank’s rich history and the substantial investor confidence it has cultivated, serving as a robust foundation for future aspirations.
Looking ahead, the anniversary theme ‘35 Years. What Comes Next?’ illustrates Ceybank’s commitment to future growth.
As the company strategizes for its next growth phase, it is prioritizing accessibility, service quality, distribution, and strategic collaborations. Digital innovation, through platforms like CEY360, aims to facilitate simpler and more accessible investment management, complementing the human expertise and relationship-focused service that have defined Ceybank for years.
As investors increasingly demand seamless access to information and the ability to manage their investments regardless of geographical or traditional office hour constraints, digital solutions are designed to enhance client relationships rather than replace the essential professional guidance at Ceybank’s core.
Ceybank’s goal is to broaden participation in professionally managed investments, extending access beyond corporations, institutions, and high-net-worth individuals to include the average Sri Lankan investor. This vision harmonizes heritage with inclusivity, ensuring that wealth management services become more attainable for everyone.
With 35 years of demonstrated expertise and the backing of the BOC Group, Ceybank is well-positioned to grow into a significantly larger and more relevant investment manager. The forthcoming chapter will focus on strengthening products, enhancing distribution, forging new partnerships, boosting digital capabilities, and improving customer experiences, all while maintaining the trust and investment discipline established over the past 35 years and providing investment opportunities for all Sri Lankans.
