MBL Asset Management Limited

MBL Asset Management Limited, a subsidiary of Mercantile Bank Limited, started its operation under Bangladesh Securities and Exchange Commission (Mutual Fund) Rules, 2001. The core objectives of the company are to carry on the business of management of mutual fund, asset management, portfolio management, capital market operation, issue manager, financial intermediary services and other related services in Bangladesh and overseas.

Strategic Objectives

  • To improve the quality level with minimization of cost of products by making use of latest technological skills.
  • To take part in the Management, to manage and act as Consultant and Adviser to the business of share and stock brokers on fees, commission or such other basis.
  • To engage in activities, either directly or subsidiaries or associated companies, in the business of factoring, guaranteeing, bill discounting, money broking, venture capital, credit and/or discount and other related service.
  • To attain the business objective; the company may enter into Partnership, Joint Venture, take over or Amalgamate with any other company and also take loan from Bank/other company and also to provide loan from Bank/other Financial Institutions in such manner the company thinks fit.
  • To organise & manage other assets including equity participation fund, joint venture sourcing, unit trusts and any other trusts and / or funds of any type or character.
  • Make people aware of the applicability of financial knowledge & planning.
  • Developing reliable and long-term relationship with the customers.



Corporate Office : 61, Dilkusha C/A, Dhaka-1000
November 29, 2018 : Emerged as a Private Limited Company through Certificate of
  Incorporation # C-148633/2018
January 30, 2020 : Awarded Asset Management Company Registration Certificate from BSEC #
বিএসইসি/সম্পদ ব্যবস্থাপক/২০২০/৪৫
January 30, 2020 : Started business in its own name of MBL Asset Management Limited
Authorized Capital : Tk.20.00 Crore
Paid up Capital : Tk.10.00 Crore
Face Value : Tk.10.00 per share
Outstanding shares : 1,00,00,000 shares

Operating Laws & Regulations

  • The Companies Act, 1994
  • Securities & Exchange Ordinance, 1969
  • Bangladesh Securities and Exchange Commission (Mutual Fund) Rules, 2001
  • Bangladesh Securities and Exchange Commission (Alternative Investment) Rules, 2015
  • Bangladesh Securities and Exchange Commission (Merchant Banker & Portfolio Manager) Rules, 1996
  • Trust Act, 1882
  • Registration Act, 1908
  • Other related acts, laws & regulations


  • Bangladesh Securities and Exchange Commission (BSEC)
  • Registrar of Joint Stock companies (RJSC)
  • Bangladesh Bank (BB)

Future Plan

MBL Asset Management Limited is in the process of receiving Venture Capital Financing License within the meaning of the Bangladesh Securities and Exchange Commission (Alternative Investment) Rules 2015.

The company will focus on providing a suite of asset servicing solutions to the valued individuals as well as institutional investors. MBL Asset Management Company believes in identifying & delivering financial goals through devoted and customized financial solutions by deep understanding and specialized domain knowledge through a dedicated and expert team. The company will be involved in Mutual Fund, EFT Management and Alternative Investment Fund Management.

Venture capital is also a way in which the private and public sectors can construct an institution that systematically creates business networks for the new firms and industries, so that they can progress and develop. This institution helps identify promising new firms and entrepreneurs and provide them with finance, technical expertise, mentoring, marketing "know-how", and business models. Once integrated into the business network, these firms are more likely to succeed, as they become "nodes" in the search networks for designing & building products in their domain. Thus Venture Capital will be one of the focuses of MBL Asset Management Limited.

Besides it will act as financiers, promoter sponsors, investors, invest in private deals, derivatives and other investment management products and services and all other services it is permitted by law to do so as licensed fund manager and asset manager.


Board of Directors

Rakim Reza Rousseau


Mati Ul Hasan

Vice Chairman

Shimon Inamori


Nafisa Saima


G. W. M. Mortaza

Nominated Director of MBL

Adil Raihan

Nominated Director of MBL

Nargis Anwar

Nominated Director of Living Plus Limited

Shamsul Alam


Tahrin Aman

Nominated Director of Arena Securities Limited

Ahmed Hossain


Jahanara Irin


Md. Rushaed Ahsan


Sahariar Arefin Alam


Md. Forhad Hossain


Mohammad Samir Uddin, CFA

Chief Executive Officer (CEO)

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