The Association of Asset Management Companies and Mutual Funds members represented by Mr. Fayekuzzaman, Managing Director, Investment Corporation of Bangladesh, Mr. Reaz Islam, Chief Executive Officer, LR Global Bangladesh AMC Ltd, Mr. Hasan Imam, Chief Executive Officer, RACE Management PCL and Mr. Waqar Choudhury, MD & CEO, Vanguard AML met Finance Minister Abul Maal Abdul Muhit and presented their credentials to the minister. 



A Memorandum of Understanding (MoU) was executed between United Commercial Bank Limited (UCB) and Vanguard Asset Management Ltd (VAML) on February 2, 2014 at the Corporate Head Office of UCB. It was executed to make strategic partnership to generate future business opportunities between UCB and Vanguard Asset Management Limited (VAML).

At the presence of Mr. Muhammed Ali, Managing Director of UCB; Mr. Mohammed Shawkat Jamil, Deputy Managing Director of UCB and Mr. Waqar Ahmed Chowdhury, Managing Director & CEO of Vanguard Asset Management Ltd signed the MoU on behalf of their respective organizations. Mr. M. Shahidul Islam, Additional Managing Director of UCB; Mr. Mirza Mahmud Rafiqur Rahman, Additional Managing Director of UCB; Mr. A. E. Abdul Muhaimen, Additional Managing Director of UCB; Mr. Md. Tariqul Azam, Deputy Managing Director of UCB; Mr. A.S.M Arif, SVP & Head of Structured Finance Diision; Mr. Md Rifatur Rahman Joarder, Deputy Chief Executive Officer Vanguard Asset Management Ltd along with other senior officials of both the companies were also present in the programme.



Documents being exchanged after signing an investment management agreement between Rupali Bank Limited & Vanguard AML and Trust Deed in the city recently. Managing Director (MD) of Rupali Bank M Farid Uddin, MD & CEO of Vanguard AML Waqar Choudhury and MD & CEO of ICB Md Fayekuzzaman signed the deal on behalf of their respective organisations. Under the agreement, Tk 2.0 billion closed-end mutual fund 'Vanguard AML Rupali Bank Balanced Fund' will be launched in Bangladesh stock exchanges where Rupali Bank, Investment Corporation of Bangladesh (ICB) and Vanguard Asset Management Limited (AML) will act as sponsor, trustee & custodian and asset manager respectively. Sponsor contributed Tk 400 million, Tk 800 million allocated for pre-IPO placement and rest Tk 800 million will be raised from IPO.



 SK Sur Chowdhury, Deputy Governor, Bangladesh Bank, Dr. Arif Dowla, Managing Director, ACI Limited

and Ali Reza Iftekhar, Managing Director and CEO , Eastern Bank Ltd seen, among others,

at the Commercial Paper deal closing ceremony at The Westin, Dhaka recently.


Eastern Bank Ltd (EBL) has launched Commercial Paper (CP), a widely used money market financial instrument across the world, of BDT 500 million for ACI Ltd for their high end subscribers. The CPs are covered by bank guarantee. The move initiated a new chapter in the history of the financial market of Bangladesh and Vanguard proudly participated in the process. 


The signing ceremony of "Vanguard AML & BD Finance Mutual Fund One" on Investment Management Agreement between BD Finance Investment Company Limited & Vanguard AML and Trust Deed between Bangladesh Finance And Investment Company Limited (BD Finance) & Bangladesh General Insurance Company Limited (BGIC) in progress Monday. Mr. Mafizuddin Sarker, Managing Director & CEO, BD Finance and Waqar Choudhury, MD & CEO, Vanguard AML and Mr. A. K Azizul Huq Chaudhuri, Managing Director & CEO, BGIC, Mr. Anwar Hossain, Chairman, Anwar Group and Mr. Manwar Hossain, Chairman, BD Finance seen.

An investment management agreement was signed Monday between the BD Finance and Vanguard in a bid to offload a Tk 2.0 billion closed-end mutual fund (MF), officials said.A Trust Deed agreement of the MF has also been signed between the BD Finance and Bangladesh General Insurance Company (BGIC).The agreements were signed at Dhaka Chamber of Commerce and Industry (DCCI) in presence of the representatives of the respective organisations.The MF which will be offloaded under the sponsorship of Bangladesh Finance and Investment (BD Finance) is 'Vanguard AML BD Finance Mutual Fund One (VABFMF-one).