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<p>First Securities Services Ltd, one of the leading merchant banks in Bangladesh, has recently renamed itself as NRB Equity Management Ltd as part of rebranding. </p>
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<p>Half a dozen of non-resident Bangladeshis, some businessmen and seasoned professionals are now working behind the company to take it to a new dimension.</p>
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<p>The renaming is “an important step in our journey to completely rebuild the company as an innovative one that truly cares for its customers”, said Md Kamrul Hassan, vice chairman of the company.</p>
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<p>On October 5, 2016, Bangladesh Securities and Exchange Commission formally approved the new name of the company. The current paid-up capital of the company is Tk 25 crore and its shareholder equity is Tk 36 crore.</p>
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<p>The company has recently signed IPO advisory service agreements with Kattali Textile Ltd, RK Spinning Mills Ltd, Lub-rref (Bangladesh) Ltd, B Brothers Garments Ltd and e- Generation Ltd.</p>
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<p>The company is also negotiating with a few more companies for issue management.</p>
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<p>The company offers different services, including takeover, merger and acquisitions, advisory service, discretionary or non-discretionary operation of accounts, underwriting and corporate advisory services on capital raising.</p>
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<p>Md Maniruzzaman Chowdhury, chairman of the company; Shajahan Mina, chief adviser; Md Kamrul Hassan, vice chairman, and expatriate Salman Haider Chowdhury are at the helm of the company.</p>
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