Merchant Bankers Association of Nepal elects new executive committee

KATHMANDU:The Merchant Bankers Association of Nepal (MBAN) successfully conducted its 15th Annual General Meeting (AGM) on Monday, September 30, 2024, in Naxal, Kathmandu. 

The meeting elected Ramendra Rayamajhi of NIC Asia Capital Limited to chair the new executive committee.

Similarly, Manis Narayan Joshi of Nabil Investment Bank Limited was elected as Vice President, Nirmal Bhattarai of Garima Capital Limited as General Secretary, and Shivanath B Pandé of NIMB Ace Capital Limited as Treasurer.

Similarly, Sandip Karki of Siddharth Capital Limited, Lekhnath Pokhrel of Nepal SBI Merchant Banking Limited, and Pushpa Sharma of Kumari Capital Limited have been elected members.

The new leadership team, comprising representatives from several leading financial institutions, is committed to enhancing the role of merchant banking in Nepal. Their focus will be on improving capital market accessibility, promoting sustainable financial practices, and strengthening relationships with regulatory authorities.

The election process was marked by a positive and collaborative atmosphere, reflecting the association’s unity and shared vision for the future. The newly elected committee aims to further strengthen MBAN’s collaboration with stakeholders in the financial sector and regulatory bodies.