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Research Team

Ayaz Mahmud, CFA

Deputy Head of Research

Ayaz joined BRAC EPL Stock Brokerage in December 2017 with more than 4 years of work experience in the financial industry. He is currently the Deputy Head of Research and looks over Macroeconomy, Banks, NBFIs and other sectors. Prior to joining BRAC EPL Stock Brokerage, he worked at VIPB Asset Management Company as a Fund Manager for a year. He started his journey in the capital market as a Research Analyst in IDLC Securities Limited and gained diverse knowledge by working on different sectors including Textile, Telecommunication, Footwear, FMCG, Bank and NBFI. He joined IDLC Finance Limited as a Management Trainee in 2014 and also served as Management Trainee in Dhaka Bank Limited for 8 months in 2012. Ayaz completed his BBA from BRAC University in 2011 and was awarded VC's gold medal for achieving highest CGPA from his department. He completed his MBA from IBA, University of Dhaka ending up among the top three in his batch. Ayaz earned his CFA charter in 2017 and he is an active member of CFA Society Bangladesh.


Md. Sakib Chowdhury

Research Analyst

Md. Sakib Chowdhury has been working as a sell side equity research analyst since March 2015. He joined BRAC EPL Stock Brokerage Ltd. as a Research Analyst in May 2018. Currently, he covers Energy and Pharmaceutical sectors in Bangladesh. Prior to joining BRAC EPL, Sakib worked as a Consumer and Pharmaceutical sector analyst in City Brokerage Ltd. He also associated in foreign investors’ trip, international road show and foreign investors’ conference management in City Brokerage Ltd. Before that, he started his career as a Research Associate in BRAC EPL with the responsibility to cover Energy sector. He also associated in Construction sector coverage in BRAC EPL. Sakib graduated in Finance from University of Dhaka. He is currently pursuing CFA charter and is a Level II candidate for June 2018 examination.


S. M. Samiuzzaman

Research Analyst

S. M. Samiuzzaman is an investment professional with more than two years of experience in capital market. Currently he is working as a Research Analyst in the BRAC EPL Research Team and covers the burgeoning Pharmaceuticals, Telecommunication, and Fuel & Power sectors in Bangladesh. Prior to joining BRAC EPL, Mr. Samiuzzaman used to work as an Investment Analyst in LR Global Bangladesh Asset Management Company, one of the largest asset management companies operating in Bangladesh. He received his BBA, major in finance, from Institute of Business Administration (IBA), University of Dhaka. Mr. Samiuzzaman has also passed the Level II of the CFA exam.


Sadman Sakib

Research Associate

Sadman Sakib joined BRAC EPL Research in 2016 and has been working as a Research Associate. He is currently covering number of consumer stocks, and mutual funds. He also oversees the daily products like news snippets, market update, weekly market review etc. In addition to his assigned responsibilities, he supports the team in managing foreign trips and responding client queries. Sadman also contributes in different International/Local Research works. Sadman received his B.Sc. in Electrical & Electronic Engineering from North South University.


Ahmed Zaki Khan

Research Associate

Ahmed Zaki Khan joined BRAC EPL Stock Brokerage as a Research Analyst in October 2017. Prior to joining BRAC EPL, he had the experience of working in Canada as an ETF Fund Accountant and as a Research Analyst for a Proprietary Trading Firm, where he conducted research on global government bonds and currencies. He is currently covering the Bank sector and Macroeconomy. He completed his Masters of Arts (MA) in Economics from the University of Ottawa. He is a CFA level III candidate.


Md. Rafiqul Islam

Research Associate

Rafiq joined BRAC EPL Stock Brokerage Limited in February 2018 as a Research Associate and currently covering Cement sector. He joined BRAC EPL as an intern in September 2017. Considering his keen interest in equity research, he was offered a full-time job in the Research Department after completing his internship. Rafiq completed his BBA in Finance & Marketing from North South University and graduated amongst top 5% of all graduating students from the university. He was the leading member of the Champion team of CFA Institute Research Challenge in Bangladesh 2017-18.