HNB completes acquisition of Acuity Partners

by damith
February 9, 2025 1:07 am 0 comment 299 views

Managing Director and CEO of HNB PLC Damith Pallewatte and Managing Director and Group CEO of HNB Investment Bank, Ray Abeywardane at the media briefing. Pic: Wimal Karunathilleke

Hatton National Bank PLC acquired full ownership of Acuity Partners (Pvt) Ltd last week.

Following the acquisition, HNB has rebranded the entity as HNB Investment Bank (Pvt) Ltd.

The official announcement follows the divestment of the 50 percent stake in Acuity Partners held by DFCC Bank to HNB for Rs. 6.5 billion last month.

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,” the HNB Investment Bank said in a statement.

The transition to HNB Investment Bank is expected to drive growth by capturing new business opportunities and delivering tailored services to a broader clientele. The new investment bank will leverage HNB’s vast customer base and digital capabilities to deliver superior services and innovative financial solutions.

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