BRAC Bank to give custodial services to MBL AML

BRAC Bank will provide custodial services to Mercantile Bank Limited (MBL) Asset Management Limited for operation of ‘Mercantile Bank Unit Fund’, a new open-ended mutual fund. 

BRAC Bank and MBL Asset Management Limited (AML) signed a custodial service agreement on February 6 in this regard, said a media statement.

Tareq Refat Ullah Khan, Deputy Managing Director and Head of Corporate Banking, BRAC Bank Limited; and Mohammad Samir Uddin, Chief Executive Officer, MBL Asset Management Limited; signed the agreement.

Md. Jabedul Alam, Head of Transaction Banking; and Md. Azmul Hasan Jahid, Associate Relationship Manager from the transaction banking team of BRAC Bank, and Masum Ahmed, Compliance Officer of MBL Asset Management Limited; were also present at the signing ceremony along with other senior officials of both the
organisations.