Xtellus Capital Partners will become the chaperoning partner for Bartleet Religare Securities across the United States
New York and Colombo – Oct. 16, 2019 – Xtellus Capital Partners and Bartleet Religare Securities are pleased to announce that Xtellus Capital Partners will become the chaperoning partner for Bartleet Religare Securities across the United States. Through this partnership, Bartleet Religare, a leading financial institution in Sri Lanka, will be able to offer its equity research, trading, and investment banking capabilities to institutional investors in the United States.
Commenting on the announcement, Rashiyamany Muralidaran, Bartleet Religare's Managing Director, said that the group is looking forward to working with Xtellus to reach new institutional clients. He added that the broad footprint of Xtellus in emerging markets would allow Bartleet Religare to inform a wider client base about Sri Lanka's capital markets and economy, through the group's research and sales within the company's brokerage division.
"We believe Sri Lanka is a very exciting and dynamic frontier market. The presence of a Sri Lankan investment bank in the U.S. can help expedite exposure and access to this market for US institutional investors," said Paul Swigart, CEO of Xtellus Capital Partners. "We are excited to link our broad network of U.S. institutional clients to a strong partner like Bartleet Religare."
"We have long been considering expansion into the U.S. market," said Rashiyamany Muralidaran, Managing Director of Bartleet Religare Securities. "A chaperone agreement provides a streamlined and direct path to achieve this objective, and we are pleased to embark on a new opportunity with the help of Xtellus."
About Xtellus Capital Partners, Inc.
Xtellus Capital Partners is a New York-based broker-dealer and specialist investment bank. The firm's capabilities include capital raising and private placements, primary and secondary securities trading, 15a-6 chaperoning for foreign broker-dealers, and equity research. Xtellus Capital Partners mobilizes cross-border capital to deliver growth and long-term value across a wide range of industries with a focus on emerging markets and the developing world. Learn more at
About Bartleet Religare Securities
Bartleet Religare Securities (Pvt.) Ltd. is a synergy of Bartlett Group, a Sri Lankan Conglomerate founded in 1904 with over a century of experience and Religare, a global giant in the financial arena. Bartleet Religare Securities (Pvt.) Ltd. was formed in 2009, under the Joint Venture between Bartleet Mallory Stock Brokers and Religare Capital Markets Limited (Mauritius). The company is one of the largest retail brokers in Sri Lanka, with over 65,000 registered CDS accounts, of which more than 10% are active. Religare Capital Markets (RCM) is an Asia focused Institutional Equities and Investment Banking platform (is a part of diversified financial services group Religare Enterprises Limited) partnering emerging growth companies, recognized by clients and independent agencies alike for the quality of its research and execution. RCM is empaneled by over 450 institutional investors and has an active coverage of over 150 stocks across 16 sectors. Learn more at