FE Report

Southeast Bank Limited (SEBL)has opted for 'mBank' -- merchant banking solution of LEADS Corporation Limited, the leading provider of application software for financial and capital markets.

In this connection, SEBL and LEADS Corporation Limited have recently signed an agreement.

Earlier Securities and Exchange Commission (SEC) has given licence to the bank as merchant banker for providing issue management, underwriting and portfolio management, said a press release.

SEBL Managing Director (MD) Mahbubul Alam and LEADS Corporation MD and Chief Executive Officer (CEO) Shaikh Abdul Aziz signed the agreement on behalf of their respective companies.

Also present at the signing ceremony were SEBL Deputy Managing Director (DMD) Syed Imtiaz Hasib, Senior Executive Vice-president (SEVP) and Company Secretary Muhammad Shahjahan, SEVP SM Mainuddin Chowdhury and Senior Assistant Vice-president Md Jahidur Rahman, and LEADS Corporation CMO Sirajul Munir, CFO Md Mahbubur Rahman and CTO Papias Hawlader.

'mBank' is a powerful, flexible and highly featured web-based merchant bank solution having centralised system, and supports multi stock exchange and multi branch.

At present, 16 merchant banks in the country are using 'mBank' for their portfolio management operations.

It is designed with enough flexibility considering the present as well as future requirements of the merchant bank operations.