‘Merchant banks playing vital role in economic dev’

UCB Investment starts journey

Published : 30 Nov 2020 08:24 PM

The role of merchant bank in developing our capital market and economic development is huge, said Prof. ShibliRubayatUl Islam, Chairman, Bangladesh Securities and Exchange Commission

He was addressing the inauguration of the UCB Investment Limited, a subsidiary of United Commercial Bank Limited, at a city hotel on Sunday as the Chief Guest.

AnisuzzamanChowdhury Ronny, Chairman, Executive Committee, UCB; Prof. Dr. Md. JonaidShafiq and UCB Managing Director Mohammed ShawkatJamilwas present as special guest. TanzimAlamgir, CEO, UCB Investment Limited, other officials from UCB and various eminent dignitaries were also present on the occasion.

While addressing Prof. ShibliRubayatUl Islam also said, “UCB Investment Limited will play a vital role to assist the professional financial management services in the country. Right now Bangladesh has improved their economic position than other south Asian countries”

“During this pandemic time I would like to remember our father of nation, he has showed us how to have courage against the all odds and holding the right vision.  Right now Prime Minister Sheikh Hasina is the bearer of his vision and she showed how good was our economy during the pandemic. I think this is high time to take initiative like UCB Investment Limited.”, he added. 

AnisuzzamanChowdhury Ronny, Chairman, UCB Executive Committee, said that, UCB Capital Management, a branch of UCB's stock brokerage, has risen from 63rd position to second position in the last five years.”

Moreover, Managing Director of UCB, Mohammed ShawkatJamil said, “United Commercial Bank is working for the development of capital market in Bangladesh. So far, UCB has a total transaction / portfolio of 1100+ crore taka in the capital market. UCB Asset Management, the newly formed subsidiary of UCB, has the largest capital base among all the asset management companies in Bangladesh.”