May International Trade Services has acquired PMJ Asset Management, expanding its presence in Bangladesh’s capital market and adding fund management, corporate portfolio management and corporate advisory services to its platform.
The deal combines May International’s financial advisory business with PMJ Asset Management’s capital-market operations, according to a press release.
The move could help broaden professional fund-management and corporate-advisory services at a time when Bangladesh’s capital market is seeking stronger institutional participation and more diversified financial services.
May International Managing Director and CEO Syed Aminul Kabir said the company wanted to take a more active role in developing the capital market.
“Through professional mutual fund management, corporate portfolio management and high-quality corporate advisory services, we see significant opportunities to contribute to the capital market,” he said.
“We aim to build a strong platform that will offer professional fund management as well as effective corporate advisory and capital market-based solutions,” Kabir added.
Midland Bank Asset Management Company acted as corporate adviser to May International, providing financial and strategic advice and transaction support.
May International provides financial advisory, trade finance, risk and compliance management, and data and information services in Bangladesh and the Asia-Pacific region.
Headquartered in Dhaka, the company is in its 12th year of operation.
