BRAC Bank, CWT Asset Management join hands for custodial services

BRAC Bank Limited and CWT Asset Management Company Limited have signed a Custodial Services Agreement.

Under this agreement, BRAC Bank will provide custodial services to CWT Asset Management Company to operate ‘CWT – Community Bank Shariah Fund’, a new open-ended mutual fund, according to a media release.

Tareq Refat Ullah Khan, Deputy Managing Director & Head of Corporate Banking, BRAC Bank; Ms. Moniza Choudhury, Managing Director, CWT Asset Management Company, signed the agreement on behalf of their respective organizations at the bank’s head office in Dhaka on April 4, 2023.

Md. Jabedul Alam, Head of Transaction Banking; Khan Muhammad Faisol, Senior Manager; Transaction Banking; BRAC Bank, and Ms. Tasnim Hadi Shamma, Investment Analyst; and Ms. Tasnim Tabassum Tore, Investment Analyst, CWT Asset Management Company, were also present at the ceremony along with other senior officials of both the organizations.