BSEC awards 11 stock market intermediaries

The Bangladesh Securities and Exchange Commission (BSEC) has awarded 11 stock market intermediaries for their "outstanding performance" in 2021.

To encourage good works, the BSEC launched the Golden Jubilee of Bangladesh award for the first time this year.

The award presentation ceremony was held at the Bangabandhu International Conference Center in Dhaka on Monday night, when Md Tazul Islam, minister for local government, rural development and co-operatives, handed over the awards.

Prof Shibli Rubayat-Ul-Islam, chairman of the BSEC, and Sheikh Mohammad Salim Ullah, secretary to the Financial Institutions Division of the finance ministry, spoke at the event.

Island Securities won the top award in the best stockbroker and dealer category for its contribution to services, good governance, and innovation.

LankaBangla Securities placed second in the same category while the third position was secured by Green Delta Securities.

ICB Capital Management and UCB Investments jointly claimed the top award in the merchant banking category while City Bank Capital and Sandhani Life Finance secured the second and third positions respectively.

Shanta Asset Management was awarded first prize in the asset management category, where Alliance Capital Asset Management and IDLC Asset Management placed second and third respectively.