INFLUENTIAL NAME IN THE CAPITAL MARKETSNafeez obtained the license of an asset management company called RACE Asset Management PCL in 2008. IFIC Bank First Mutual Fund's NAV was Tk 7.6 on Feb 13; last traded at Tk 3.10. First Janata Bank Mutual Fund's NAV was Tk 7.25 on Feb 13; last traded at Tk 3.20. Popular Life First Mutual Fund's NAV was Tk 7.98 on Feb 13; last traded at Tk 3. To rescue Padma Bank, Tk 7.15 billion was arranged from the state-owned Sonali Bank, Janata Bank, Agrani Bank, Rupali Bank and Investment Corporation of Bangladesh (ICB) through a government initiative.
