BRAC Bank signs custodial service agreement with VIPB Asset Management

BRAC Bank PLC and VIPB Asset Management Company Limited have signed a custodial service agreement.

Under the agreement, BRAC Bank will provide custodial services for the ‘VIPB Fixed Income Fund’, an upcoming open-ended mutual fund to be managed by VIPB Asset Management Company, according to a media release.

Tareq Refat Ullah Khan, Deputy Managing Director and Head of Corporate Banking, BRAC Bank; and Md Shahidul Islam, CFA, CEO, VIPB Asset Management Company; signed the agreement on behalf of their respective organisations on March 20.

From BRAC Bank, AKM Faisal Halim, Head of Transaction Banking; Mohammad Arif Chowdhury, Unit Head; Khan Muhammad Faisol, CFA, Senior Manager, Transaction Banking, were present.  

From VIPB Asset Management Company, Biplab Das, FCCA, Head of Investments; Rashedul Hasan Yasin, FCCA, Senior Manager, Finance & Fund Operations, VIPB Asset Management Company, were also present at the signing ceremony, along with senior officials from both organisations.