BRAC Bank, Shanta Securities sign custodial agreement

BRAC Bank Limited and Shanta Securities Limited have signed a custodial agreement, said a statement.

Under this agreement BRAC Bank will be extending its custodial services to the foreign clients of Shanta Securities Limited who are planning to invest in the Bangladesh capital market.

Shanta will also be introducing foreign potential custodial clients to BRAC Bank and will also provide brokerage services to the clients.

Mr. Tareq Refat Ullah Khan, Head of Corporate Banking, BRAC Bank Limited, and Mr. S.M. Habibur Rahman, Chief Operating Officer, Shanta Securities Limited, signed the agreement on behalf of their respective organizations. Mr. Jabedul Alam, Head of Trade Development & Cash Management, Mr. Fahim Ishtiaque Hossain, Unit Head, Trade Development & Cash Management, BRAC Bank Limited and Mr. Md. Abdur Rahim, Head of IT, Shanta Securities Limited, along with other officials from both the organizations were present at the signing ceremony in Dhaka recently.