Business Desk :
CAL Bangladesh, a newly established and first joint-venture foreign brokerage firm in Bangladesh, has announced its plan of providing research-based investment services to investors and stock market.
The company’s top officials unveiled their business plan at a press briefing held at a auditorium in the capital on Wednesday.
“CAL Bangladesh wants to go beyond the traditional brokerage business and add a new dimension to the stock market services,” said Ajith Fernando, CEO of the CAL Group. Apart from providing brokerage services, the company aims to provide the services of merchant banking and preparations are going, he said.
Ahmed Raihan Shamsi, director of the CAL Bangladesh, Deshan Pushparajah, managing director, Rajesh Saha, CEO, Mohsin Kabir COO, and Ahmed Omar Siddique, head of research, were present at the press conference.
CAL Bangladesh is a concern of CAL group. CAL is a leading Frontier Markets Investment Bank incorporated in the UAE with its roots in Sri Lanka. CAL Bangladesh earlier received trading rights entitlement certificate (TREC) from Dhaka Stock Exchange (DSE) to conduct stock market operations in line with the regulatory approval. The company’s director Raihan Shamsi said their company has 22 years of experience in the global frontier market and wants to make a new contribution to the capital market of Bangladesh.
“By starting this business, it will be able to attract foreign investors in the capital market along with increasing the reputation or brand image of Bangladesh and attracting foreign investments,” Mr Shamsi said.
