New Burma-Focused Investment Bank Launched

Silk Road Finance, an investment bank operating in Mongolia and other frontier markets, has launched Mandalay Capital, a Burma-focused investment banking firm, according to the investment journal Hedgeweek. “Following our success in Mongolia and Central Asia, we are keen to pursue this unique opportunity to extend our pioneering frontier markets experience into Myanmar,†said Alisher Ali, founder and chairman of Silk Road Finance. The new entity will advise international clients on potential planned investments in the country, as well as build relationships with domestic institutions.