Investment Corporation of Bangladesh (ICB) organised a discussion meeting recently to discuss the current status, future prospects, challenges and actions of the mutual fund industry at the corporation's head office of on October 30.
Prof. Abu Ahmed, Chairman of the Board of Directors of ICB, Md. Abul Hossain, Managing Director of ICB, the CEOs of various Asset Management Companies, the CEOs of the three subsidiaries of ICB along with General Managers of ICB were present at the meeting.
Chairman of ICB Board of Directors Prof. Abu Ahmed said that, the regulatory body should move forward with the attitude that the mutual fund sector needs to be developed for the dynamism of capital market.
Managing Director of ICB Md. Abul Hossain said that the contribution of the mutual fund industry to the GDP of Bangladesh is negligible.
We are lagging behind neighboring countries in this regard. Everyone need to work together to develop the mutual fund industry.
The CEOs of the Asset Management Companies present in the meeting expressed their consensus on the development of the mutual fund industry by ensuring transparency and accountability in the sector and on restoring the confidence of the investors.
