May International Trade Services Limited has acquired full ownership of PMJ Asset Management Limited to expand its operational footprint across Bangladesh's capital market.
The strategic acquisition unites May International's financial advisory capabilities with PMJ Asset Management's established asset management infrastructure, enhancing capabilities in professional mutual fund management, corporate portfolio management, and corporate advisory services. Syed Aminul Kabir, Managing Director and CEO of May International, stated that the acquisition creates a robust platform to contribute actively to long-term capital market development through structured fund management and specialized corporate financial solutions. Midland Bank Asset Management Company Limited (MDB AMC) acted as the corporate financial and strategic adviser for the acquisition process. Celebrating its 12th year of operations with headquarters in Dhaka and presence across the Asia-Pacific region, May International provides trade finance, advisory, risk and compliance management, and data services. Market observers anticipate that this consolidation will unlock new opportunities in local investment management and corporate financial consultancy.
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Reported by Staff Reporter • Edited by the Daily Best News desk. Send corrections to [email protected].
