On December 27, 2017, the grand finale of Finwitz 2017, a prestigious finance-based business competition was held at the Celebration Hall (Level-14) of Dhaka Regency Hotel & Resort. IBA Communication Club (IBACC) had teamed up with LR Global Bangladesh, a New York-based investment management firm, to organize “FINWITZ 2017”. LR Global is the most experienced and the only multinational asset management company in Bangladesh.
Dr. Muhammad Abdur Razzaque, MP, Hon'ble Chairman, Standing Committee on Ministry of Finance, the Government of the People's Republic of Bangladesh was present as the Chief Guest. Mr. Reaz Islam, CEO of LR Global Bangladesh AMC Limited, was also present at the ceremony as the Special Guest. Professor Dr. A. K. M. Saiful Majid, Director, Institute of Business Administration, University of Dhaka, presided over the ceremony. The ceremony was celebrated by more than 200 finance professionals and enthusiasts, who kept cheering the participants as they continued the final presentations, aptly titled ‘The Winning Pitch’.
FINWITZ 2017 was IBACC’s novel attempt at an ‘investment management’ based inter-university competition, the first-of-its-kind in Bangladesh. The competition received an overwhelming amount of response from 174 teams from 25 universities across the country. The stage was set for the potential business graduates, who have a knack for finance, to demonstrate their analytical abilities and apply intuitive judgments. FINWITZ 2017 challenged the participants to think out of the box and apply practical solutions to real-life business dilemmas.
LR Global Bangladesh AMC Limited is the proud sponsor of FINWITZ 2017.
The winning team Finatics from IBA, University of Dhaka won prize money of BDT 150,000, the first runner-up Beta Bots from IBA, University of Dhaka received BDT 75,000 and the second runner-up No Name Consulting from FBS, University of Dhaka received BDT 50,000.
Reaz Islam, CEO, LR Global said, “As the per capita wealth of the Bangladeshi population grows, the need for qualified investment professionals is bound to increase. And this is where we need more passionate and dynamic young talents. Finwitz was our attempt to enlighten the young students about the exciting opportunities awaiting them in this fast-growing industry of the country.”
The four members of the winning team were Syed Sameem Shahriyar, Mustafid Raiyan Khan, Mohammad Sohrawardy and Abu Tousif Zubayer Ishti. All of them are third-year BBA students of IBA, University of Dhaka.