BRAC Bank, HF Asset Management sign custodial agreement

BRAC Bank Limited and HF Asset Management Limited have recently signed a custodial agreement for the mutual fund named “HFAML Shariah Unit Fund”.

This agreement enables BRAC Bank to provide custodial services to HF Asset Management for the operation of the mutual fund under the bank's Capital Market Unit, said a media release
on Tuesday.

Tareq Refat Ullah Khan, DMD & Head of Corporate Banking, BRAC Bank, and Md. Fayekuzzaman, Managing Director & CEO, HF Asset Management, signed the agreement on October 11.

Jabedul Alam, Head of Transaction Banking, BRAC Bank, and Shihab Alam Khan Apu, Portfolio Manager, HF Asset Management, were also present at the ceremony along with other senior officials of both the organizations.