UCB Investment Limited, a subsidiary of United Commercial Bank Limited, has been inaugurated at a five-star hotel in the capital on Sunday.
It was inaugurated by Prof. Shibli Rubayat Ul Islam, Chairman, Bangladesh Securities and Exchange Commission as the Chief Guest.
Anisuzzaman Chowdhury Ronny, Chairman, Executive Committee, UCB; Prof. Dr. Md. Jonaid Shafiq and UCB Managing Director Mohammed Shawkat Jamil was present as special guest.
Tanzim Alamgir, CEO, UCB Investment Limited, other officials from UCB and various eminent dignitaries were also present on the occasion.
At the inauguration ceremony, Prof. Shibli said “UCB Investment Limited will play a vital role to assist the professional financial management services in the country.”
Mr Anisuzzaman said, “UCB Capital Management, a branch of UCB's stock brokerage, has risen from 63rd position to second position in the last five years. UCB is one of the pioneers in raising funds for special projects of Bangladesh Bank”.
Mr Jamil said “United Commercial Bank is working for the development of capital market in Bangladesh. So far, UCB has a total transaction / portfolio of over Tk 11 billion in the capital market”.
“UCB Asset Management, the newly formed subsidiary of UCB, has the largest capital base among all the asset management companies in Bangladesh. Although UCB Investments has recently got its merchant banking license, the company has been investing its own funds in the listed equities since 2015”, he added.