BRAC Bank Limited and PLI Asset Management Limited have signed a custodial services agreement.
The agreement will enable BRAC Bank to provide custodial services to PLI Asset Management Limited for the operation of a mutual fund titled “PLI AML 1st Unit Fund”, a new open-ended mutual fund.
Tareq Refat Ullah Khan, DMD and head of corporate banking, BRAC Bank and Mohammed Hafiz Uddin, managing director and CEO of PLI Asset Management; signed the agreement on behalf of their respective organisations at the bank’s head office in Dhaka recently, says a media release.
Khan Muhammad Faisol, senior manager; Azmul Hasan Jahid from the transaction banking team of BRAC Bank, and Md. Jamal Uddin, DGM, investment; and Tareqe Bin Siraj, DGM, admin and HR, company secretary, PLI Asset Management Limited; were also present at the ceremony along with other senior officials of both organisations.