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 recently.

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.

Tareq Refat Ullah Khan, deputy managing director & 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.

From BRAC Bank, AKM Faisal Halim, head of Transaction Banking; Mohammad Arif Chowdhury, unit head; and 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 of both organisations.