Photo : Courtesy
UCB Investment Ltd. (UCBIL), already esteemed as the Best Investment Bank in Bangladesh, has added another prestigious accolade to its portfolio by being named the Best Securities House in Bangladesh for 2024 by Euromoney. This distinguished honor underscores UCBIL's leadership in the financial sector of Bangladesh, setting it apart from all other merchant banks, stock brokerages, asset management companies, and other capital market institutions in the country. This is the first time any company in Bangladesh has won this award. Other notable winners include OCBC Securities from Singapore, China International Capital Corporation (CICC) from China, and Axis Capital from India.
This recognition by Euromoney follows previous acknowledgments from both Euromoney and FinanceAsia in 2023 and 2024, and from Asiamoney in 2023, which named UCBIL the Best Investment Bank in Bangladesh. Despite being in operation for less than four years, UCBIL has played a pivotal role in the development and advancement of the Bangladesh Capital Market. Notably, of the 16 listed corporate bonds on the main board of the Dhaka Stock Exchange, UCB Investment served as the issue manager for 8 bonds, accounting for 50.0% of all listed bonds.
Mr. Mohammad Mamdudur Rashid, Managing Director & CEO of United Commercial Bank PLC., expressed excitement about this achievement, saying, "This success of our associate company will undoubtedly add a new dimension to the UCB brand. Although UCB Investment was previously recognized as the best merchant bank in the country, it has now achieved excellence among all capital market entities. I wish them continued success in the future while maintaining their excellent service to clients."
Mr. Tanzim Alamgir, Managing Director and CEO of UCB Investment Limited, said of the achievement, "This success is the result of the hard work and skills of our colleagues, as well as the continuous support of our clients and the proper guidance of regulators. We hope to continue this momentum and make a significant contribution to the sustainable development of the country's market."
As of August 2024, UCBIL has achieved significant milestones, raising approximately BDT 12,000 crore and completing 53 deals.
Beyond its business achievements, UCBIL is committed to supporting the United Nations' Sustainable Development Goals (SDGs). The company actively contributes from its profit to initiatives focused on children's education and well-being, women's empowerment and health, and elderly care and medication. UCBIL is also dedicated to fostering knowledge development in capital markets and investment banking, aiming to educate both peers and the younger generation.
In line with its vision for technological innovation, UCBIL is advancing its services to offer state-of-the-art, real-time solutions for clients while ensuring robust compliance with regulatory standards.
Messenger/Sajib
