FE Today Logo

PBIL launches PrimeInvest

October 14, 2023 00:00:00


Chairman of Prime Bank Investment Limited CQK Mustaq Ahmed, Managing Director & CEO Syed M Omar Tayub and other senior officials at the launching ceremony of PrimeInvest held at its head office at Banani in the city recently.

Prime Bank Investment Limited (PBIL), a fully-fledged investment bank and a wholly-owned subsidiary of Prime Bank Limited, has launched PrimeInvest, a comprehensive discretionary product suite aiming to ease access to investment for individual and institutional investors, says a press release.

CQK Mustaq Ahmed, Chairman of PBIL, along with Syed M Omar Tayub, Managing Director & CEO of the company, were present at the launching ceremony held at its head office at Banani in the city recently.

This is for the first time in Bangladesh, an investment bank has introduced a complete range of discretionary products under the unified brand umbrella of PrimeInvest designed to meet the wealth management needs of general investors be it individual, institutional or registered funds.

As this is a discretionary product suite, PBIL will have the consent of customers to invest their money strategically in line with the underlying risk and return expectations of each of the five products under PrimeInvest.

Through PrimeInvest, PBIL aims to bring in thousands of new investors to the capital market which has so far not been able to create new customers compared to the very large customer base as can be seen in the money market or in MFS accounts.

Moreover, investors can open account in PrimeInvest online from anywhere sitting at ease at their home or workplace.

PrimeInvest aims to offer tailored investment products aligned with investors' financial goals/return expectations, risk appetite, age and occupation.

To build a robust operation, the discretionary fund will be managed through the direct supervision of PBIL's Investment Management Committee.


Share if you like