Asha Phillip Securities Ltd was originally incorporated in December 1982 as Mercantile Stock Brokers Ltd, a subsidiary of Mercantile Credit Ltd. (MCL).
On the 22nd of October 1992 the company changed its name to Allied Stock Brokers and, in addition to the head office; a branch in Matara was established. With the Colombo stock market experienced rapid growth, the company formed an alliance with Phillip Securities of Singapore in 1993. This move was in line with the industry trend where several major Sri Lankan stock brokerages entered into partnerships with foreign brokerage houses. On the 19th of January 1994, the company was renamed as Allied Phillip Securities Ltd.
With the acquisition of the majority stake by Mercantile Merchant Bank, the firm’s name was changed to MMBL Phillip Securities Ltd in 1998 to reflect the new ownership structure.
The firm was renamed in 2003 to Asha Phillip Securities Ltd with renowned high net worth investor, Mr. M. M. Udeshi acquiring 59.22% of the company from Mercantile Merchant Bank. Phillip Securities continued to retain its holdings in the firm.
Currently the firm operates the largest branch network amongst Sri Lankan stock brokers, bringing the opportunity to invest in capital markets closer to all Sri Lankans.
Be the designated “Benchmark service provider” in wealth management.
Delight the customer with well-balanced risk-return tradeoffs while strictly adhering to industry ethics.
Our customer interests always come first
We observe best in class ethical practices
Networking synergies through encouraging teamwork
Social and environmental well-being is a common responsibility
As a pioneer member of the Colombo Stock Exchange, we offer both Equity and Debt Trading to investors. We operate the largest stock brokering network in the country, with highly skilled and trained Investment Advisors. Through our partnership with the Phillip Capital Group of Singapore, we extend our services to overseas investors from our international desk established at Phillip Securities Office at Raffles City in Singapore.
Asha Phillip's key strengths are:
Mr. M.M. Udeshi
Mr. D.S. Abeyesekera
Mr. H.M. Udeshi
Mr. Goh Yong Seng
Mr. ONG Teong Hoon
Mr. G.R. Wijewardana
We are constantly seeking proactive and dynamic professionals to grow our team. We’re excited to discover the unique skills and perspectives that you can bring to us. We invite you to explore our job opportunities and find out how working with us will help you achieve your personal and professional goals while you help to achieve ours.