Prime Bank Investment Limited (PBIL), a full-fledged investment bank and a wholly owned subsidiary of Prime Bank Limited, launched PrimeInvest, a comprehensive discretionary product suite that aims to foster access to investment for individual and institutional investors. The product was launched at a ceremony held at its head office located at Tajwar Center, Banani in the presence of C Q K Mustaq Ahmed, honorable Chairman of PBIL, along with Syed M Omar Tayub, the Managing Director & CEO of the company, and other senior management members.
This is for the first time in Bangladesh, an investment bank is introducing a complete range of discretionary products under the unified brand umbrella of PrimeInvest which is designed to meet the wealth management needs of general investors, be it individual, institutional, or registered funds. As this is a discretionary product suite, PBIL will have the consent of customers to invest their money strategically in line with the underlying risk and return expectations of each of the five products under PrimeInvest.
PrimeInvest aims to offer tailored investment products aligned with investors’ financial goals/return expectations, risk appetite, age, and occupation. It presents various options such as Wealth Maximizer, Monthly Investment Plan, Capital Protected Scheme, Equity Sharing and Performance Scheme. All PrimeInvest products are designed to provide investors with substantial returns while offsetting inflation. To build a robust operation, the discretionary fund will be managed through the direct supervision of PBIL’s Investment Management Committee.
C Q K Mustaq Ahmed, Chairman of PBIL stated that “the introduction of our innovative discretionary portfolio management products is evidence of our commitment to innovation and to giving our customers the best possible service in their capital market investment”.
Syed M Omar Tayub, Managing Director & CEO of PBIL, said, “Primeinvest discretionary product suite will be a game-changer in the capital market investment arena of Bangladesh, as for the first time an Investment Bank like PBIL is coming up with such a comprehensive approach that aims to create and manage wealth for both individual and institutional investors.”
