The representatives of Venture Capital and Private Equity Association of Bangladesh (VCPEAB) paid a courtesy visit to Dr. M. Khairul Hossain, Chairman of Bangladesh Securities and Exchange Commission (BSEC) at the BSEC office in capital recently. VCPEAB chairman& General Partner of Fenox Venture Capital, Shameem Ahsan led the delegation.
VCPEAB Chairman Shameem Ahsan thanked the BSEC chairman for helping the Venture Capital and Private Equity Sector since its inception with various policy support and thus strengthening the alternative investment companies. Besides, to make venture Capital and Private Equity sector more vigorous and popular in Bangladesh, the association gave recommendations regarding the Alternative Investment Rules and discussed its future prospect.
Dr. M. Khairul Hossain seconded and assured VCPEAB of all the necessary support and initiatives from BSEC to help the sector and the association going forward. He added,if necessary, amendments and changes will be made in the policiesto allow startups from other manufacturing industries and services sectors, including the ICT, can get sustainable VC/PE investments. .
VCPEABChairman Shameem Ahsan said, “Venture capital and private equity funds play a major role in the development of all industries, including IT. With more and more successful startups coming into play, local and international venture capital firms are getting attracted to this market.From VCPEAB, we are aiming to ensure a supportive ecosystem for the VC/PE industry. We are positive that with the kind of support we have been getting from BSEC, Ministry of Finance and ICT Division the industry will go a long way.”
From BSEC, there were present Md. Helal Uddin Nizami, Commissioner; Md. Helal Uddin Nizami, Professor;Md.Amzad Hossain, Commissioner;Dr. Swapan Kumar Bala, Commissioner; Khondoker Kamaluzzaman, Commissioner; Hasan Mahmood, Executive Director; Mahbubul Alam, Executive Director and Md. Mahmudul Hoque, Director. Zia U Ahmed, Vice President, VCPEAB and Chairman of VIPB Asset Management Company Limited; Shawkat Hossain, Secretary General, VCPEAB and Managing Director of BD Venture Limited; Mr. Waliul MarufMatin, Founder and Managing Director of Maslin Capital Limited; and Mr. Khalid Quadir, CEO, Brummer & Partners Asset Management (Bangladesh) Ltd. joined the delegation from VCPEAB.