BRAC Bank, Shanta Securities sign custodial agreement

BRAC Bank and Shanta Securities have signed a custodial agreement.

Under this agreement BRAC Bank will extend custodial services to the foreign clients of Shanta Securities 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.

Tareq Refat Ullah Khan, head of corporate banking, BRAC Bank, and SM Habibur Rahman, Chief Operating Officer, Shanta Securities, signed the agreement on behalf of their respective organisations at a ceremony on 19 March in Dhaka.

Jabedul Alam, head of trade development and cash management, Fahim Ishtiaque Hossain, unit head, trade development and cash management, BRAC Bank and Md. Abdur Rahim, head of IT, Shanta Securities, along with other officials from both the organisations were present at the signing ceremony.