Hatton National Bank PLC (HNB) recently announced the successful acquisition of full ownership of Acuity Partners (Pvt) Ltd.

With this acquisition, HNB has rebranded the entity as HNB Investment Bank (Pvt) Ltd., further strengthening its position as a key player in the country’s investment banking sector.

Acuity Partners was previously owned equally by HNB and DFCC Bank PLC, and operated through multiple subsidiaries that provided specialised financial services; Acuity Partners (Private) Limited, Acuity Securities Limited, Acuity Stockbrokers (Private) Limited and LVL PLC.

These entities have performed pivotal roles in strengthening Sri Lanka’s financial services landscape by delivering expertise and value addition across the financial services spectrum.

The rebranded HNB Investment Bank will offer a comprehensive range of services, including mergers and acquisitions, debt and equity capital market services, and advisory solutions.

HNB Managing Director and Chief Executive Officer Damith Pallewatte said: “We are pleased to welcome Acuity Partners as a wholly-owned subsidiary into the HNB family, and to unveil its new identity as HNB Investment Bank. This acquisition and rebranding reflects our commitment to delivering a full spectrum of investment banking solutions to our clients and enhancing our presence in the capital markets both locally and overseas.”

The transition to HNB Investment Bank is expected to drive growth by capturing new business opportunities and delivering tailored services to a broader clientele, further reinforcing HNB’s overall market influence and capabilities.

HNB Investment Bank Managing Director and Group CEO Ray Abeywardane said: “This transformation represents a significant milestone for the Group, positioning us to deliver unparalleled value to our stakeholders. By uniting our capabilities and expertise, we are confident in our ability to spearhead innovation and elevate Sri Lanka’s financial sector to new heights.”