TKS Securities appoints veteran Ralph Wijesinghe to top post

TKS Securities (Pvt) Limited, a leading player in Sri Lanka’s capital market space, today announced the appointment of Ralph Wijesinghe as its Acting CEO with effect from 07 May, 2014. Wijesinghe counts close to 25 years’ experience in Sri Lanka’s capital market.

Joining TKS Securities in 2010, Wijesinghe has been instrumental in the management of compliance procedures and client credit control at the firm. Prior to joining TKS Securities, Mr. Wijesinghe co-founded Investor Access Asia (Pvt) Ltd. – a company dedicated to facilitating financial trading through technology. Having started his professional career as an Executive Stock Broker at Forbes and Walker Stock Brokers (Pvt) Ltd., he served as Executive Director – Operations, Asia Fort Asset Management and also Director – The South Asia Fund and The Moghul Fund.

The Directors and shareholders of TKS Securities unanimously decided to appoint Wijesinghe as the acting CEO, having just accepted the resignation of a few members of the senior management team. The board also reassured clients that they would continue to receive the sterling service that they are accustomed to from the company.

With this appointment, TKS Securities envisages continued progress along its current business direction based on its strengths in the institutional / foreign broking business as well as its retail business.

A 100% Malaysian-owned equity investment house, TKS Securities’ key businesses include Stock Brokering, Equity Research and Corporate Advisory.

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TKS GROUP OF COMPANIES UNVEILS NEW CORPORATE STRUCTURE AND LOGO

PRESS RELEASE
TKS GROUP OF COMPANIES UNVEILS NEW CORPORATE STRUCTURE AND LOGO

TKS Group of companies, which is IVIalaysian owned, today unveiled its new corporate structure and logo with a view of enhancing further its efficiency and highlight the business synergies within the Group itself. The new corporate logo and structure is expected to bring the various companies under one banner so as to better serve its
growing client base.

TKS Group has diversified interests in the Sri Lankan market. In the financial sector, it has three companies in its stable namely Asian Finance Ltd., TKS Finance Ltd. and TKS Securities Pte. Ltd. To ensure a more efficient environment within these companies
and to propel these companies forward, TKS Capital Pte. Ltd. has been established to provide various support services to the Group such as audit functions, information technology support, secretarial services and human resource management, amongst
others…

Mr. Azim Zabidi, Deputy Chairman of TKS Group of Companies, said that the Group’s finance arm would rapidly expand its operations in Sri Lanka to provide its customers a wider product range. “We want to strengthen the brand and reach the public with simple solutions and strong commitment,” said Mr. Azim Zabidi.

In line with the synergy that exists within the Group, both Asian Finance & TKS Finance in collaboration with TKS Securities today officially launched its unique Express Share Credit product, a first of its kind in Sri Lanka, said Mr. Azim Zabidi .The facility allows its customers to get cash against the pledge of their shares to meet their urgent financial requirements.

The Board of Directors of Asian Finance has been reconstituted with the inclusion of professionally qualified Directors, nominated by the new shareholders. Asian Finance prides Itself in that none of its depositors were required to have their fixed deposits be
converted into the shares of the company. Stringent internal control & vigorous provisions have also been made on the Loans Portfolios & Real Estate Stocks of Asian Finance to put the company on a stronger footing to face the challenges ahead. Additional capital will be further injected to fund the company expansion program within the next few months. The current capitalization of Asian Finance stands at Rs.900.00 million, said Mr. Azim Zabidi.

Mr. Azim Zabidi added that Asian Finance will not engage further in the business of Real Estate but instead focus purely on its core business, which is providing finance to the people and small businesses of Sri Lanka.As part of its exit strategy in the Real Estate business, Asian Finance recently undertook a corporate exercise to unlock the value of its Head Office by disposing and
subsequently leasing back the property. This corporate exercise is expected to generate cash flow for Asian Finance. Mr. Azim Zabidi said that the completion of this exercise is expected in the next few months…

TKS Securities, the equity investment arm of the Group, is managed by a highly experienced team of stockbrokers and analysts and can be regarded as one of the leading stock brokers in Sri Lanka .The company is also the exclusive partner in Sri
Lanka for New York based Auerbach Grayson and Company, one of the largest equity investors in the Colombo bourse. TKS Securities have set up branches in major cities in Sri Lanka to expand and serve its corporate and retail clients better.
As for TKS Finance, now entering its second year of operations, plans are afoot to expand its network of branches throughout the country. 20 new branches are expected to be opened within the next 3 years. This should place TKS Finance as a force to be
reckoned with in the ensuing years, says Mr. Azim Zabidi.

To differentiate the TKS Group finance arm from the rest of its competitors, Asian Finance is planning to co-brand the issuance of Visa Credit Cards with a local bank in Sri Lanka.

Also, the TKS Group’s finance arm is expected to venture into Syariah-compliant finance business, by launching its first Syariah-compliant product soon. In addition. The TKS Group’s finance arm together with TKS securities will be collaborating further to
innovate & launch new products to meet the needs of TKS Securities’ clients.Mr. Azim Zabidi stressed that the Group is heading in the right direction with its members gaining market share and will show strong growth and good profits in the coming years.


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TKS Securities Unveils City Branch in Town Hall

Move part of an expansion plan to encourage retail investments

13 December 2011 – TKS Securities (Pvt) Limited, Tuesday unveiled its city branch at Town Hall as part of a long-term expansion that aims to attract and encourage retail investors to the stock market.

The branch, situated opposite Town Hall, next to Buddhist Ladies College – 4th Floor, 245, Dharmapala Mawatha, Colombo 07, will offer equity investment advice to retail investors through trained professionals and live trading facilities to educate and encourage share trading among urban retail investors.

“We want to play a key role in developing Sri Lanka’s stock market, and we aim to do this through an active branch network – we’ve already reached out to rural investors, and through this branch we aim to offer our services to the urban population,” said Hussain Gani, Chief Executive Officer at TKS Securities.

Since launching operations in November 2010, TKS has launched three branches; it unveiled its first branch in Ratnapura in May and opened the second branch in Galle in September. It also recently rolled out its first investor seminar series at the Ratnapura branch and in Polonnaruwa to educate rural investors on equity investments.

About TKS
TKS Securities (Pvt) Limited, a privately owned independent Broker/Dealer and SEC Registered Investment Advisor headquartered in Colombo, offers unparalleled equity trading, supported by scrupulous investment research in Sri Lanka’s capital market space. The company’s operations are spearheaded by a group of well-respected, both among local and foreign investors, and highly experienced management team, comprising veteran stock brokers and research analysts. Through developing the new online software, TKS aims to increase investor access to investment opportunities in Sri Lanka, as well as positively impact capital market turnover.

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TKS Securities Conducts First Stock Market Investment Seminar

Aims to roll out educational programs to complement its rural branch network

30 August 2011 – TKS Securities (Pvt) Limited rolled out its first Stock Market Investment seminar this week as part of a series of programs to educate retail investors based in rural areas.

The one-day seminar, held on 30 August 2011, focused on educating investors on how to operate in a highly regulated market in terms of compliance, investing in initial public offerings (IPOs), managing personal portfolios, and the rationale for short and long-term investments. The seminar also covered an overview of the current economic outlook and its effects on the Colombo stock market.

“There was an urgent need to educate retail investors on what moves the market and how to take advantage of these developments in order to earn a significant return on investment. We believe such programs will complement our planned rural branch network,” said said Hussain Gani, Chief Executive Officer at TKS Securities.

He added that TKS, through its knowledge-based programs, aims to form strong relationships with retail clients and encourage such investments.

The speakers at the seminar comprised senior market advisors from TKS, and an official from the Securities and Exchange Commission of Sri Lanka on invitation by TKS.

In May, TKS launched its first branch in Ratnapura and plans to add several more facilities in key cities across the country in the next few months as part of efforts to expand its branch network.

About TKS
TKS Securities (Pvt) Limited, a privately owned independent Broker/Dealer and SEC Registered Investment Advisor headquartered in Colombo, offers unparalleled equity trading, supported by scrupulous investment research in Sri Lanka’s capital market space. The company’s operations are spearheaded by a group of well-respected, both among local and foreign investors, and highly experienced management team, comprising veteran stock brokers and research analysts. Through developing the new online software, TKS aims to increase investor access to investment opportunities in Sri Lanka, as well as positively impact capital market turnover.

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TKS Securities Takes Stock Trading to Sri Lanka’s Gem Capital

Aims to encourage equity investments from urban and rural investors

24 May 2011 – TKS Securities (Pvt) Limited, Tuesday unveiled its first branch in Ratnapura as part of efforts to take the stock market to the outskirts of Sri Lanka. This also marks TKS’s moves to expand its focus to include retail investors to its client portfolio.

The branch, situated at 172, 1/2 Main Street, Ratnapura, will offer equity investment advice to retail investors through trained professionals and live trading facilities to educate and encourage share trading among urban and rural retail investors.

“Our main focus has been foreign, local institutional, and high net worth investors, and we want to expand our focus and reach out to retail investors as well. We aim to do this through a series of branch openings across the country,” said Hussain Gani, Chief Executive Officer at TKS Securities.

The Ratnapura branch comes almost a week after TKS unveiled its plush retail lobby at its main Colombo office at Level 19, East Tower, World Trade Center.

“We hope to add more branches to our network in key cities across Sri Lanka in the next few months as part of a long-term growth plan,” added Gani.

About TKS
TKS Securities (Pvt) Limited, a company owned by Malaysian high net worth investor and member of parliament, Dato Seri Tiong King Sing, offers unparalleled equity trading, supported by scrupulous investment research in Sri Lanka’s capital market space. The company’s operations are spearheaded by a group of well-respected, both among local and foreign investors, and highly experienced management team, comprising veteran stock brokers and research analysts. Through developing the new online software, TKS aims to increase investor access to investment opportunities in Sri Lanka, as well as positively impact capital market turnover.

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