Union Capital launches online investors' account services
Star Business Report
Union Capital Limited (UCL), a merchant bank, yesterday introduced internet-based investors' account services for the first time in the country.The UCL Managing Director Mahbubul Alam at a press briefing said the services will help its clients manage their investment portfolios through initial public offering (IPO), pre-IPO and secondary market securities. "The firm has developed state-of-art technology platform to improve the overall portfolio management services for catering to our customer's investment needs in a better way," Alam said. Since the system allows the investors to view their share portfolio online from anywhere and anytime, remote and non-resident Bangladeshi investors will be able to participate in the capital market, he added. UCL was formed in early 1998 taking over the Erstwhile Peregrine Capital Limited of Hong Kong. Presided over by UCL Chairman M Faizur Rahman, the function was also attended by UCL assistant vice presidents Kh Asadul Islam Ripon and Mushifiq Ul Quayoom.
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Mahbubul Alam (L), managing director, and M Faizur Rahman (C), chairman of Union Capital Limited (UCL), are seen at a press conference held in Dhaka yesterday. The company has launched Internet-based investors' account services, the first of its kind in Bangladesh. PHOTO: STAR |
