City of London leader in Sri Lanka to boost economic links with Colombo

ukCOLOMBO (EconomyNext) – Lord Mayor of the City of London, Alderman Alan Yarrow, will lead a business delegation to Sri Lanka’s capital Colombo in bid to boost financial and profession links between the two cities, the High Commission of UK said.

“With Sri Lanka looking to adopt a more open approach to the West under President Sirisena, my visit will look to build economic ties with the government, central bank, regulators and the business community,” he said in a statement.

“The end goal is that both our countries benefit financially from increased trade, business partnerships and investment opportunities in the coming years.

“As the leading financial centre in the world, the City of London has a host of world-class  firms with the right expertise and experience that can support Sri Lanka in its economic development

“I want to leave the message that we want to be the natural partner of choice– crucially not just London businesses, but those up and down the UK.”

He will meet government and business leaders and regulatory authorities during from May 17 to 19.

At the moment London Stock Exchange is driven by technology provided by MillenniumIT, a Colombo based technology firm that was acquired by the UK bourse.

He will visit MillenniumIT and HSBC.

Colombo based firms also provide legal and accounting services to London and other locations.

The Lord Mayor of London frequently travels abroad to promote the interest of the area falling under the City of London Corporation, which is mainly financial.

From Colombo he will travel to Jakarata, Singapore and Kuala Lumpur.

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