The alliance will set new benchmarks for the industry - Reaz Islam
On August 20, LR Global Bangladesh AMC entered into a Strategic Alliance with Green Delta Financial Services (a subsidiary of Green Delta Insurance) with the objective of providing the best in class financial services and investment products to their respective clients in Bangladesh and Abroad. The new entity will be named Green Delta LR Financial Services, Ltd.
Mr. Reaz Islam, CEO LR Global Bangladesh noted that Green Delta under the leadership of Mr. Nasir A. Choudhury has grown to be not only the market leader in the insurance sector but also created a one of the most powerful brand in Bangladesh, and we are excited with the alliance and see the great potential to serve the clients and help develop the capital markets in Bangladesh.
The alliance is expected to facilitate and create what, Mr. Islam believe will be a world class organization and with superior product set, outstanding services, and a market leader within all segments that the new entity choose to participate in. In order to strengthen the alliance LR Global and Green Delta Financial Services will, (1) swap ownership of 20%, (2) have a world class management team that will have both local and global strategy, (4) Have state of the art systems, processes and policies.
Tags: Global , Green
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