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Regulator approves Mercantile Bank Unit fund
08-Feb-2020
Picture: Courtesy
Tareq Refat Ullah Khan, the deputy managing director and head of corporate banking, Brac Bank Limited; and Mohammad Samir Uddin, chief executive officer, MBL Asset Management Limited; signed the agreement on behalf of their respective organisations
Brac Bank Limited will provide custodial services to MBL Asset Management Limited for operation of "Mercantile Bank Unit Fund", a new open-ended mutual fund.
This came as Brac Bank Limited and MBL Asset Management Limited signed a Custodial Service Agreement on 6 February, said a press release.
Tareq Refat Ullah Khan, the deputy managing director and head of corporate banking, Brac Bank Limited; and Mohammad Samir Uddin, chief executive officer, MBL Asset Management Limited; signed the agreement on behalf of their respective organisations.
Md Jabedul Alam, the head of transaction banking; and Md Azmul Hasan Jahid, associate relationship manager from the transaction banking team of Brac Bank Limited, and Masum Ahmed, compliance officer of MBL Asset Management Limited; were also present at the ceremony along with other senior officials of both the organisations.
