BRAC Bank Limited and Impress Capital Limited, a concern of Impress Group, signed a custodial agreement for the mutual fund “BCB ICL Growth Fund”.
Under this agreement, BRAC Bank Limited will be providing custodial services to Impress Capital Limited for the operation of the mutual fund which is open ended in nature and initial size of the fund is BDT 250 million, said a statement.
Mr. Tareq Refat Ullah Khan, Head of Corporate Banking, BRAC Bank, and Mr. Meer Sajed-Ul-Basher, Managing Director & CEO, Impress Capital Limited, signed the agreement on behalf of their respective organizations. Mr. Md. Sekander-E-Azam, Head of Cash Management & Custodial Services, BRAC Bank Limited, Mr. Md. Shiful Islam, Chief Investment Officer and Ms. Shahrin Anwar, Chief Operating Officer, Impress Capital Limited, were also present at the ceremony along with other senior officials of both the organizations.
-rmc//