Manilal Fernando enters Sri Lanka's Capital Markets with ACAP Stockbrokers Acquisition

Stallion Consultancy Takes Over ACAP Stockbrokers in Strategic Market Play Stallion Consultancy (Private) Limited has swooped in to acquire ACAP Stockbrokers (Private) Limited from Asia Capital PLC, marking a strategic power play that promises to reshape Sri Lanka's stock brokerage landscape through a complete rebrand and fresh market positioning. The acquisition brings heavyweight leadership credentials to the table, with Stefan Abeyesinhe stepping in as Chairman, Malik Fernando taking the reins as Managing Director, and Neville Epa continuing as Chief Executive Officer—a carefully orchestrated leadership triumvirate designed to blend fresh strategic vision with proven operational continuity. The newly positioned ACAP Stockbrokers is being positioned as a dynamic, forward-thinking operation laser-focused on becoming the critical bridge connecting Sri Lanka's equity markets with international capital flows. The firm's dual-pronged strategy centers on cultivating robust relationships with overseas investment funds while simultaneously courting sophisticated local investors, creating multiple channels to funnel increased investment capital into Sri Lankan markets. "We're entering this space with a long-term view to support the development of Sri Lanka's capital markets," said Manilal Fernando, Director of Stallion Consultancy (Private) Limited. "With trusted leadership, a clean platform, and global engagement, we intend to earn the confidence of institutional investors both locally and abroad," he said. The comprehensive rebranding represents far more than surface-level cosmetic changes, signaling a fundamental transformation toward enhanced modernisation, superior governance standards, and expanded investor access. The revamped brokerage promises to deliver upgraded services through enhanced research capabilities and sophisticated engagement strategies specifically tailored for discerning institutional market participants. The transaction remains subject to final regulatory approvals, which will ultimately determine the timeline for this ambitious capital markets transformation that could significantly impact Sri Lanka's investment landscape.

Picture Caption: Manilal Fernando & Stefan Abeyesinhe

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