Brac Bank to provide custodial services to Blue-Wealth Assets

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Brac Bank and Blue-Wealth Assets have signed an agreement for the bank to provide custodial services to the latter such that they can operate a “Blue-Wealth 1st Balanced Fund”, a new open-ended mutual fund.

Tareq Refat Ullah Khan, deputy managing director of the bank, and Md Tajul Islam, managing director of Blue-Wealth Assets, signed the agreement at the bank’s head office in Dhaka last month, said a press release.

Khan Muhammad Faisol, senior manager of the bank, Md Azmul Hasan Jahid, associate relationship manager of the transaction banking team, Sohel Hoque, chief compliance officer, and Mubashir Ahmed, manager for operations and fund management of Blue-Wealth Assets, were present.

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