United International University has become champion of the HSBC-IBA Business Case Competition-2018, said a statement.
The members of the team—Mahir Abid, Ahmed Yusuf, Khatib Mohammad Taameem and Fabia Shahzadi—will now go on to compete in the regional finale to be held in Hong Kong in June.
The winning team—Arcane—was awarded with a fund of Tk 0.1 million, at a programme at the Westin Dhaka recently.
Two other teams of the Institute of Business Administration (IBA) of Dhaka University— Brains of Castamere and Free Launch—won the silver and bronze awards along with Tk 75,000 and Tk 50,000 respectively.
Launched in 2013 to encourage young talented undergraduate business school students into unleashing their potential, the contest will see winners from Asia Pacific regions compete in the regional finale.
HSBC Bangladesh and the IBA organised the Bangladesh round of the competition, where 42 teams from 22 universities took part.
There were six finalists who presented solutions and recommendations to a panel of judges on receiving a business case on reviving Maersk Line.
The judges' panel included Ali Ashraf, partner of KPMG in Bangladesh; Zahur Ahmed, managing director of Apex Holdings; Ashish Jamal Haque, country customer manager of Maersk Bangladesh, and Tahsina Banu, country head for international commercial banking at HSBC Bangladesh.
Addressing the prize-giving ceremony, Mahbub Ur Rahman, deputy CEO and country head for wholesale banking at HSBC Bangladesh, said the competition aimed at sparking young ambition and they were proud to support spirited youth into becoming leaders in the business sector.
Abul Kalam Azad, coordinator for SDG affairs at the Prime Minister's Office, and Kyoko Yokosuka, deputy country director of UNDP, were present as the chief and special guests respectively along with Professor AKM Saiful Majid, director of IBA.
-rmc/
