FAS Capital Management Limited (FCML) is a first generation merchant bank sponsored by a group of renowned & dedicated Bangladeshi Industrialists and Businessmen, has over 20 (Twenty) years of glorious and distinguished history in providing quality merchant banking services to its retail and corporate clients. Primarily, the company was incorporated on 4th March 1997 and started operation as a full-fledge Merchant Bank on 22nd January 1998 in the name and style of “Fidelity Assets & Securities Company Limited” after obtaining license from Bangladesh Securities & Exchange Commission (BSEC). Thereafter, it obtained license from Bangladesh Bank on 17th September 2001 to serve as a Non-Banking Financial Institution (NBFI). Since then it was actively operating both as Merchant Bank & NBFI as being separate wings of the Company.
Subsequently, “Fidelity Assets & Securities Company Limited” was converted to public limited company on 18th August 2001 and renamed as “FAS Finance & Investment Limited (FFIL)” as well as was listed with both Dhaka & Chittagong Stock Exchange through Initial Public Offer (IPO) in the year 2008. FAS Finance & Investment Limited (FFIL) was then instructed vide BSEC Letter No. BSEC/Reg./MD-Policy/Part-VI/2008/286 dated 26th July 2010 to form a separate “Subsidiary Company” for continuing its Merchant Banking operation within 30th September, 2010. Consequently, to comply the regulatory requirement, FFIL applied to Bangladesh Securities & Exchange Commission (BSEC) on 26th September 2010 for transferring the existing “Merchant Banking” license (full-fledged) in favor of the newly formed separate subsidiary private limited company on 13th October 2010 under the Companies Act, 1994 namely FAS Capital Management Limited (FCML). It may be mention here that FCML has received the merchant Banking license from BSEC in its own name on 16th May 2012.