BRAC Bank, HF Asset Management ink custodial deal

BRAC Bank Limited and HF Asset Management Limited have signed a custodial agreement for the mutual fund named “HFAML Shariah Unit Fund”.

This agreement enables BRAC Bank to provide custodial services to HF Asset Management for the operation of the mutual fund under the bank’s Capital Market Unit, said a press release.

Tareq Refat Ullah Khan, DMD & Head of Corporate Banking, BRAC Bank, and Md Fayekuzzaman, Managing Director & CEO, HF Asset Management, signed the agreement on behalf of their respective organisations recently.

Md Jabedul Alam, Head of Transaction Banking, BRAC Bank, and Md Shihab Alam Khan Apu, Portfolio Manager, HF Asset Management, were also present at the ceremony along with other senior officials of both the organisations.