BRAC Bank to provide custodial service to UFS mutual fund


BRAC Bank Limited and Universal Financial Solutions Limited (UFS) have signed a custodial agreement for the mutual fund “UFS-Pragati Life Unit Fund”.

Under the agreement, BRAC Bank will provide custodial services to UFS for the operation of the mutual fund.

Universal Financial Solutions Limited Managing Director Sayed Hamza Alamgir and BRAC Bank’s Head of Corporate Banking Mahmoodun Nabi Chowdhury signed the agreement on behalf of their respective organisations at BRAC Bank Head Office in Dhaka yesterday, said a press release today.

Senior executives of the organisations were present.

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