BRAC Bank, VIPB Asset Management sign custodial service deal

BRAC Bank has signed a custodial service agreement with VIPB Asset Management Company Limited. The agreement was signed by Tareq Refat Ullah Khan, deputy managing director and head of Corporate Banking for BRAC Bank, and Md Shahidul Islam, CEO of VIPB Asset Management Company. Under the agreement, BRAC Bank will provide custodial services for the upcoming open-ended mutual fund, the 'VIPB Fixed Income Fund', which will be managed by VIPB Asset Management Company.