News Briefs(14-11-2018)

Mohammed Shawkat Jamil

UCB gets new MD

Mr. Mohammed Shawkat Jamil has been appointed as the Managing Director of United Commercial Bank Limited (UCB). Prior to that, he was serving the Bank as Additional Managing Director. Mr. Jamil has multifunctional experience in different segments of banking over 35 years including 20 years as Branch Manager across Bangladesh. He started his career as "Probationary Officer" in UCB in 1983. Throughout his career Mr. Jamil has held different senior management positions in the arena of credit, foreign exchange, treasury, general banking, general services, brand marketing & corporate affairs including commendable exposure in branch banking and financial administration. Mr. Jamil is a post graduate in Sociology from the University of Dhaka and has keen interest in CSR, loves building relationship with people and believes in professional in business management. Mr. Jamil obtained different training programmes and seminars at home and aboard. He attended a training programme on "Finance & Banking Management for South Asia Federation of AOTS Alumni Societies" held in Osaka, Japan in 1997. — Statement

BSEC approves another ICB Unit Fund

The securities regulator has approved the prospectus of ICB AMCL Second NRB Unit Fund with some amendments. The approval came on Tuesday at a meeting held at the office of the Bangladesh Securities and Exchange Commission (BSEC). According to BSEC officials, the amendments were brought to the prospectus of ICB AMCL Second NRB Unit Fund because of following the conversion guidelines of mutual funds. ICB AMCL Second NRB Unit Fund has been converted to open-end mutual fund from previous form of closed-end mutual fund. The initial size of the fund is of Tk 1.15 billion. — FE Report