LR Global Bangladesh, an affiliate of a New York-based investment firm, said it invested Tk 500 million in bdnews24.com to support the expansion of news automation and creativity. The fund comes at a time when bdnews24.com speeds up efforts to stay ahead in constant evolution in how people see and use digital media in the changing environment. “We are now accountable not only to our millions of readers but also a staggering 30,000 investors through LR Global,” he said. LR Global led by Chief Executive Officer Reaz Islam closed the investment deal with bdnews24.com in Dhaka last week. For the last 12 years at Citigroup, Islam was the CEO, senior managing director and chief investment officer at Citigroup Alternative Investment (including Citi Fixed Income Alternative, a division he established).

Source: bd News24 October 13, 2019 07:41 UTC