Sandhani Asset Management Limited (SAML), a subsidiary of Sandhani Life Insurance, has recently obtained the licence of Asset Manager from the Bangladesh Securities and Exchange Commission (BSEC).
Sandhani Life Insurance is a reputed listed company in both Dhaka Stock Exchange and Chittagong Stock Exchange.
Other two capital market related companies of Sandhani group are Sandhani Life Finance Limited (merchant bank) and Mona Financial Consultancy and Securities Limited (brokerage house).
Through the asset management licence, Sandhani Group has got the opportunity to further expand its business in the area of capital market, said a media statement.
The company has also employed highly qualified and experienced professionals to run its operation.
Mir Ariful Islam has recently joined the company as its managing director and chief executive officer.
Prior to this new role, Ariful Islam was the head of research and fund management of the Prime Finance Asset Management Limited.
Mir Ariful Islam has more than 13 years' of experience in the capital market in the areas of brokerage operation, portfolio management, research and analysis, and operations of asset Management Company.
He obtained his bachelor degree in Finance and Master's in Accounting and Information Systems from the University of Dhaka.