NDB AVIVA Wealth Management manages over Rs 50 bln in funds

NDB AVIVA Wealth Management Ltd is the largest private sector Wealth Management company in Sri Lanka with over 20 years industry experience. The company manages over Rs 50 billion or US$ 500 million of funds for institutions and individuals. "All client savings are in the clients own name, with a custodian bank, which provides NDB Aviva Wealth clients with absolute safety of title," the company said in a statement.

A joint venture between National Development Bank PLC, Sri Lanka and AVIVA Asia Holdings (Pvt) Ltd, NDB AVIVA Wealth Management is independently owned and managed by a highly qualified and experienced team of professionals and assisted by top class systems. While the specialists, who are made up of Relationship Managers care for any client need, the Fund Managers, Investment Analysts, and Traders takes care of the client's wealth. The services team or the team that work behind the scenes uses state of the art systems to care for client document and transaction processing to ultimately deliver perfect client reporting. The company offers three defined services, segmented according to the demographic information of the customer. The Discretionary Portfolio Management service entails the Fund Managers at NDB AVIVA Wealth Management structuring a specific portfolio, taking in to consideration various clients' needs, such as risk, return, etc. The client will also be privi- leged with a custodian bank account under this service option. "Usually the clients enrolling for this service are institutions with a minimum of Rs 100 million of investible assets," noted Prabodha Samarasekera, Chief Executive Officer of NDB Aviva Wealth Management.

The Private Wealth Management service is an exclusive service where each client is assigned a Relationship Manager and a Fund Manager who will advise and administer the portfolio based on various client needs, such as risk, return, etc. The client investment will be made in Equity, Corporate Debt and Government Securities through a series of "Managed Funds" (Pooled Investments). The investments will be routed through the clients own custodian bank account. In the near future NDB Aviva Wealth Management plans on adding many other facilities to this service, such as investments in Gold

Bullion, to make it very attractive and a unique proposition to its clients.

While the above services focus on high net-worth individuals and organizations with high savings or investment capability, The Mutual Funds branded as the "myeaglefunds", series of four risk rated funds, focuses on individuals with investible assets worth Rs 5,000 or more. "The beauty of myeaglefunds series of funds is that it offers the sophistication and the high returns to clients starting out with very small savings," said Ruwan Perera, Head of Operations at NDB Aviva Wealth Management.