Rajib Kumar Das
Head of Research

Rajib Kumar Das has more than 8 years of experience as an investment professional in Bangladesh capital market. Rajib joined UCB Capital Management Limited in November 2018. Prior to joining in UCB...

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Rajib Kumar Das has more than 8 years of experience as an investment professional in Bangladesh capital market. Rajib joined UCB Capital Management Limited in November 2018. Prior to joining in UCB Capital, Rajib worked as Head of Institutional & International Sales in UniCap Securities Limited. Rajib has been trusted with the responsibility of International Sales since August 2017 and he has successfully launched the foreign trade for the first time for UniCap during the first quarter of 2018. Rajib has also played a crucial role in arranging US roadshow in early 2018 that connected top management from reputed local company and leading portfolio managers from major cities in USA. Later, he has been given the role of Institutional Sales as well since March 2018. Rajib joined UniCap Securities as Head of Research in April 2015 and played a pivotal role in building the research team from scratch.

Rajib started his career as Research Analyst in LankaBangla Securities Limited in mid-2010 as an energy analyst. Later, in mid-2013, Rajib joined 1857 Advisors Bangladesh Holdings Ltd, a New York based sell side advisory firm, as the Sector Head of Energy and Building Materials. Rajib then entrusted with the responsibility as Deputy Head of Research since 2015. Rajib specialized himself in equity analysis of Energy, Pharmaceuticals, Consumer, Manufacturing and Telecom sector during his 7 years of analyst career.

Rajib completed his MBA specializing in Finance from University of Dhaka. He is also a candidate for the June 2019 CFA Level II examination. He is passionate about cricket, travelling, human psychology and social welfare.


Dr Md (Akhtar) Akhtaruzzaman
Visiting Research Fellow

Dr Md (Akhtar) Akhtaruzzaman is a Visiting Research Fellow at UCB Capital Management Ltd. His research interests include but not limited to asset pricing, financial contagion, capital adequacy of b...

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Dr Md (Akhtar) Akhtaruzzaman is a Visiting Research Fellow at UCB Capital Management Ltd. His research interests include but not limited to asset pricing, financial contagion, capital adequacy of banks and NBFIs, corporate governance and market in-efficiency of Bangladesh capital market. He also provides training to our research and portfolio management team regarding macroeconomic situation and portfolio management. He has extensive research experience in Bangladesh, Cambodia, Nepal, South Africa, Singapore, Australia and Viet Nam.

 Dr Akhtaruzzaman is a lecturer in finance and Discipline Leader of the Managing Money cluster in the Peter Faber Business School. Prior to working at ACU, Dr Akhtaruzzaman held appointments at the University of Newcastle and Kaplan Professional. While working at the University of Newcastle Akhtar was awarded the best RHD publication award. He was previously Assistant Vice President and Head, Research and Planning Division, Mercantile Bank Bangladesh, Managing


Ms. Anika Mafiz
Research Associate

Anika Mafiz has been working as an equity analyst for more than two years. Anika joined UCB Capital Management in May 2017 as Research Associate. Currently, she covers macro economy and financial s...

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Anika Mafiz has been working as an equity analyst for more than two years. Anika joined UCB Capital Management in May 2017 as Research Associate. Currently, she covers macro economy and financial sector. Prior to joining UCB Capital, she worked as an Investment Analyst in Impress Capital Limited. She also worked as a Management Associate in Blukonsult Global, a financial consulting firm for start-ups.

Her team was the first runners-up in CFA Institute Research Challenge Bangladesh in 2016-17. She completed her BBA specializing in Finance from University of Dhaka on December 2016. She is a CFA level II candidate for June 2019. Anika loves travelling and learning about new culture. She likes to read entrepreneurial stories.


Md. Zarif Ibne Arif
Research Associate

Md Zarif Ibne Arif has been working as an equity analyst in Bangladesh Capital Market for more than two years. Zarif joined UCB Capital Management Limited in November 2018. Currently, he covers mac...

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Md Zarif Ibne Arif has been working as an equity analyst in Bangladesh Capital Market for more than two years. Zarif joined UCB Capital Management Limited in November 2018. Currently, he covers macro economy and financial sector. 

Zarif started his career at UniCap Securities Limited as a sell-side Analyst. He joined UniCap Securities in January 2017 and covered macro-economy and bank sector. He contributed immensely in building a new research team in UniCap Securities with his team-building spirit, deep content knowledge, problem-solving attitude, capabilities of new idea generation and expertise in financial modelling and data analytics.

Zarif completed his BBA specializing in Finance from University of Dhaka. Zarif passed Level II of CFA examination in June 2018. He is also a candidate for June 2019 Level III Exam. During leisure, Zarif likes reading books and listening podcasts.


Anik Mahmood Ibne Anwar
Research Associate

Anik Mahmood Ibne Anwar has been working as an equity analyst in Bangladesh Capital Market for almost one year. Anik joined UCB Capital Management Limited in November 2018. Currently, Anik has been...

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Anik Mahmood Ibne Anwar has been working as an equity analyst in Bangladesh Capital Market for almost one year. Anik joined UCB Capital Management Limited in November 2018. Currently, Anik has been working as a Research Associate specializing in Pharmaceuticals & Consumer sectors. Prior to joining UCB Capital, he has worked at UniCap Securities Limited as an Analyst.  

Anik completed his BBA and an MBA specializing in Finance from University of Dhaka. Anik passed Level III of CFA examination in June 2018. He likes reading books and watching movies in his leisure time.


Md. Nazmus Sakib
Research Associate

Md. Nazmus Sakib has been working as a sell side equity analyst since May 2017. Sakib joined UCB Capital Management Limited in November 2018. Sakib specializes in Construction and Building Material...

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Md. Nazmus Sakib has been working as a sell side equity analyst since May 2017. Sakib joined UCB Capital Management Limited in November 2018. Sakib specializes in Construction and Building Materials and Automobile sectors. He also possesses interest in macroeconomic analysis. Prior to joining UCB Capital Management Limited, Sakib worked as an analyst for 1.5 years at EBL Securities Limited.

Sakib completed his BBA specializing in Banking and Insurance from University of Dhaka. He is also a candidate of Level II of CFA examination in June 2019.

Besides being an analyst, Sakib loves to play cricket whenever he manages time and indulges his appetite for reading on various topics be it fiction or non-fiction by delving into books, articles, and magazines.


Shadman Sadique Kamal
Research Associate

Shadman Sadique Kamal has been working as a sell side equity analyst at UCB Capital Management Limited. He currently covers fuel & power sector. Prior to joining UCB Capital Management Limited, Sha...

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Shadman Sadique Kamal has been working as a sell side equity analyst at UCB Capital Management Limited. He currently covers fuel & power sector. Prior to joining UCB Capital Management Limited, Shadman worked as a Junior Executive in Bikaal.com, an edu-startup.

Shadman completed his BBA from Department of Finance, University of Dhaka. He is also the candidate of CFA Level II exam in June 2019.

Besides academics and professional career, Shadman has also achieved the prestigious Duke of Edinburgh Bronze Award in 2017 and the Duke of Edinburgh Silver Award in 2018. Shadman is a traveller by heart. He has visited 22 out of 64 districts of Bangladesh. During leisure time, he loves to doing cycling, reading books and playing Sudoku.