BRAC Bank PLC. and VIPB Asset Management Company Limited have signed a custodial service agreement. Under this agreement, BRAC Bank will provide custodial services for the ‘VIPB Fixed Income Fund’, an upcoming open-ended mutual fund to be managed by VIPB Asset Management Company. Tareq Refat Ullah Khan, Deputy Managing Director & Head of Corporate Banking, BRAC Bank; and Md. Shahidul Islam, CFA, CEO, VIPB Asset Management Company; signed the agreement on behalf of their respective organizations on March 20. From BRAC Bank, AKM Faisal Halim, Head of Transaction Banking; Mohammad Arif Chowdhury, Unit Head; Khan Muhammad Faisol, CFA, Senior Manager, Transaction Banking, were present. From VIPB Asset Management Company, Biplab Das, FCCA, Head of Investments; Rashedul Hasan Yasin, FCCA, Senior Manager, Finance & Fund Operations, VIPB Asset Management Company, were also present at the signing ceremony along with senior officials of both the organizations.
