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Research Team

Salim Afzal Shawon, CFA

Head of Research

Mr. Salim Afzal Shawon joined BRAC EPL Stock Brokerage in Jun 2021 as the Head of Research. With over a decade of extensive experience in his various roles among global and local companies, covering both public and private markets, Mr. Salim brings in a unique mix of research, transaction, and advisory capability to BESL. Prior to joining with BRAC EPL Stock Brokerage Ltd, Mr. Salim served as Independent Partner, Structured Finance at Fillip Partners, a boutique investment & legal advisory firm of Bangladesh since October 2018 to May 2021. He also worked for International Finance Corporation (World Bank) as Investment Analyst, South Asia during July 2014 to July 2018 period. Before that, he was working in the capital market with IDLC Investments Limited as Assistant Manager, Research. He started his career with Credit Rating Agency of Bangladesh (CRAB) as a Financial Analyst.

He received several global trainings from S&P, Moody’s, World Bank, Del Carnegie and many other reputed sources in a number of professional aspects, including financial modeling, accounting, credit analysis, strategy etc. Mr. Salim completed his MBA from University of Dhaka. He is also one of the few CFA charter holders in Bangladesh who completed all three levels of CFA exams at a stretch.

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Anika Mafiz

Research Analyst

Ms. Anika Mafiz joined BRAC EPL Stock Brokerage as a Research Analyst in January 2021. She has worked extensively in both local and international investment teams. Prior to joining BRAC EPL, she worked as a consultant in CWT Asset Management Company. Before that, she worked as a consultant in the Investment team of Financial Institution (FIG) in International Financial Corporation (IFC), a sister concern of World Bank. Prior to that, she worked as a Research Analyst in UCB Capital Management Limited as the Bank and Telco Analyst. She started her career in Impress Capital Limited, an asset management company, as an Investment Associate. She has also worked as a Research Associate in Bluk Consultant, a financial consultancy firm specializing in startup valuation. She was one of the leading members of Runners-up team of CFA Research Challenge in Bangladesh 2016. She completed her BBA from University of Dhaka, majoring in Finance. She is a CFA Level III candidate.

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Fahim Hassan

Research Associate

Fahim Hassan previously worked as Research Analyst at UniCap Securities Limited from December 02, 2018 till September 15, 2021. He has completed his B.B.A and M.B.A from Department of Finance, University of Dhaka in 2016 and 2018 respectively. He also passed his CFA Level 1 exam. 


Billal Hossain

Research Associate

Mr. Billal Hossain joined BRAC EPL Stock Brokerage in March 2022 as a Research Associate. He has completed his BBA and MBA from Department of Finance, University of Dhaka in 2019 and 2022 respectively with academic excellence. He has worked as intern in the Risk Management Division of BRAC Bank Limited. He passed his CFA Level 1 exam in 2020. He also completed a course on Technical Analysis from Bangladesh Institute of Capital Market (BICM). He was one of the finalists of Invest Maestro (2018) and CFA Research Challenge (2019).