BRAC Bank is to 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 Sunday.
Tareq Refat Ullah Khan, 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 organizations.
Md. Jabedul Alam, 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 organizations.
