May 27, 2019 - Monday
Investment Corporation of Bangladesh (ICB) and Popular Life Insurance Company Limited has signed a trust deed of new open-end fund named ‘CAPITEC POPULAR LIFE UNIT FUND’. The organizations have taken this initiative with the aim of accelerating the Mutual Fund industry and Capital Market of Bangladesh.
The Trust deed was signed in Sunday (26 May 2019) at the Head office of ICB located in Motijheel. Capitec Asset Management Limited will act as the Asset Manager of this fund. ICB is acting as trustee of the Fund and the fund is sponsored by Popular Life Insurance Company Limited.
ICB Managing Director Kazi Sanaul Haque and General Manager Dipika Bhattacharjee, Deputy General Manager Md. Amzad Hossain Kibria, Managing Director & CEO of Popular Life Insurance Company Limited B M Yousuf Ali, Prominent Business person and Chairman of Capitec Asset Management Limited Hasan Rahman, Managing Director M. Mahfuzur Rahman, Head of Operation Prosenjit Saha and others were present in this signing ceremony.