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Hatton National Bank sets up custody, trustee services unit

Hatton National Bank PLC launched its custody and trustee services business.

The move made Hatton National Bank the first among local private commercial banks in Sri Lanka to do so. The bank said Jan. 10 that the unit will be headed by Tyrone Hannan.

The new unit will allow the bank's clients to have easy access to the capital market to participate in IPOs and the corporate bond market.