BRAC Bank Limited and UCB Asset Management Limited have signed a Custodial Service Agreement.
The agreement will enable BRAC Bank to provide custodial services to UCB Asset Management for the operation of ‘UCB Taqwa Growth Fund’, a new open-ended mutual fund.
Tareq Refat Ullah Khan, DMD & Head of Corporate Banking, BRAC Bank, and S M Rashedul Hasan, Managing Director & CEO, UCB Asset Management, signed the agreement on behalf of their respective organizations on Wednesday.
Khan Muhammad Faisol, Senior Manager, and Md. Azmul Hasan Jahid, Associate Relationship Manager from the Transaction Banking Team of BRAC Bank, and ATM Tahmiduzzaman FCS, Deputy Managing Director of United Commercial Bank Limited; Mohammed Rahmat Pasha, Managing Director & CEO of UCB Stock Brokerage Limited; Tanzim Alamgir, Managing Director & CEO of UCB Investment Limited; Md. Sekander-E-Azam, EVP & Head of Transaction Banking of United Commercial Bank Limited; were also present at the ceremony along with other senior officials of both the organizations.
