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The Story

Original thinking. Inventive structures.

RSA Capital is a boutique firm offering specialized financial solutions, with a focus in MENA and Bangladesh — one of Bangladesh's premier structured finance, M&A and private equity houses, expanding its footprint across the MENA region.

The Beginning

2006. A world first.

Three years after its 2003 launch, RSA established itself through a milestone transaction — the world's first micro-credit securitization for BRAC, the world's largest NGO. A widely acclaimed USD 180 million transaction, named Securitisation Deal of the Year and one of CFO Asia's ten outstanding deals of 2006.

RSA creates financial value by providing original and inventive structured finance solutions, leveraging extensive experience in structured finance, fixed income and corporate advisory services.

$0.00B

Total transaction value since inception in 2003

Debt

US$1.38B

28 transactions

Advisory

US$1.00B

1 transaction

M&A

US$0.19B

7 transactions

Equity

US$0.02B

4 transactions

RSA is currently advising on a further ~US$300 million of M&A mandates in progress — spanning financial institutions, retail, energy and telecom — alongside ~US$210 million of completed M&A advisory work since inception.

Mission

Two engines. One firm.

Advisory

We create financial value through original and innovative structured finance solutions. Our team has extensive knowledge and experience in structured finance, fixed income, treasury, equity capital markets, M&A, private equity and corporate advisory services.

Investments

We are an opportunistic strategic investor — especially in banks, financial institutions and selected manufacturing companies in our geographic area, including significant minority stakes in the NBFI and life insurance sectors. We enhance value through strategic restructuring and industry best practices.

RSA Advisory · Dhaka

Where the story began.

RSA Capital's Bangladesh house — one of the country's premier structured finance, M&A and private-equity firms, and the origin of every market first the group has pioneered since 2003.

RSA Advisory LimitedDhaka, Bangladesh

  • Structured finance, fixed income and corporate advisory across banks, NBFIs, corporates and SMEs.
  • Principal-investment platform holding strategic stakes across financial services, agro, logistics and e-commerce.
  • Home of Blue-Wealth Assets Limited, RSA's wholly-owned asset-management arm.
  • The team behind the world's first micro-credit securitization and a series of Bangladesh market firsts.
  • Meet the Dubai house — RSA Capital (DIFC) →

Principal Investments

Where the second engine runs.

Beyond advisory, RSA is an opportunistic strategic investor in its own right — holding strategic stakes across financial services, agro, logistics, e-commerce and aviation in Bangladesh.

Press conference launching RSA's investment in Direct Fresh

IPDC Finance

5%

Non-Bank Financial Institution

Bangladesh's first non-bank financial institution, listed on the Dhaka Stock Exchange.

Since 2015

Guardian Life Insurance

14.3%

Life Insurance

Seed capital and founding investor in Bangladesh's fastest-growing life insurance company.

Since 2013

Capital Logistics

45%

Logistics

Backend e-commerce logistics and clearing & forwarding services provider in Bangladesh.

Since 2016

C-Express

45%

Logistics

Domestic and international courier company, operating alongside sister company Capital Logistics.

Since 2016

MAAR

22%

Agro Refinery

Seed capital and founding investor in an agro refinery producing starch from maize.

Since 2014

Direct Fresh

10%

E-commerce / FMCG

A premium online grocery store serving Bangladesh's growing e-commerce market.

Since 2016

RSA Aviation

GSA

Aviation

General Sales Agent (GSA) of Emirates Airline ("EK") in Bangladesh.

Since

Blue-Wealth Assets Limited tombstone

Blue-Wealth Assets Limited

100% · since 2019

RSA's wholly-owned asset management arm — realms of asset management across three disciplines:

Capability Expansion

Managing assets for individuals and institutions, in the form of fixed income and equity funds.

Diversification

Offering a combination of diversified securities such as pre-IPO equity, preference shares and securitized debt.

Risk Repackaging

Structuring of securities to reduce the standard deviation of overall portfolios.

The Journey

Two decades of firsts.

  1. 2003

    RSA Capital is launched.

  2. 2006

    Milestone transaction — US$180 million microcredit securitization for BRAC; Securitisation Deal of the Year and one of CFO Asia's ten outstanding deals of 2006.

  3. 2013

    RSA launches its principal investment unit, now holding significant investments in selective sectors.

  4. 2017

    RSA Capital (DIFC) is launched in the Dubai International Financial Centre.

  5. 2019

    RSA acquires Blue Wealth Assets Limited, an asset management company.

  6. 2022

    Principal investments significantly expanded.

Geographic Coverage

18 countries. Three continents.

VietnamSri LankaCambodiaLaosIndonesiaMalaysiaKuwaitBahrainEgyptMoroccoTunisiaJordanTanzaniaKenyaSouth AfricaBangkokSingaporeDubai — DIFCDhakaCoverage marketBangkok & Singapore — via affiliated companiesRSA Capital office

Asia

BangladeshThailandVietnamSri LankaCambodiaLaosIndonesiaMalaysia

Middle East & North Africa

UAEKuwaitBahrainEgyptMoroccoTunisiaJordan

East & South Africa

TanzaniaKenyaSouth Africa
Sameer Ahmad receiving the International Finance Award 2019

Recognition

Award-winning structures.

International Finance Awards 2019 — Most Innovative Structured Finance Solutions. From the Securitisation Deal of the Year in 2006 to Asia Business Outlook's Top M&A Consultants from Asia in 2022, RSA's work has been recognized across two decades.

  • International Finance Awards 2019 — Most Innovative Structured Finance Solutions
  • GTR — Global Trade Review, Best Deals of 2006
  • IFR Awards 2005 — Thomson
  • ifr asia Awards 2006
  • The Asset Triple A — Asset Asian Awards 2006
  • The Asian Banker
  • CFO Asia — Securitisation Deal of the Year 2006
  • Asia Business Outlook 2022 — Top M&A Consultants from Asia

Sustainability

Financial value, and social value.

RSA's mission is to optimize its clients' financial and social value — a belief that a firm should help build a socially sustainable environment, not just returns.

RSA Capital CSR — UCEP — Underprivileged Children's Educational Program

UCEP — Underprivileged Children's Educational Program

Through its CSR programme, RSA Capital supports UCEP Bangladesh — providing education and vocational training that gives underprivileged children a path to skilled, dignified livelihoods.

Social Value

Every mandate is measured not only in financial terms, but in the jobs, capacity and resilience it helps create.

Sustainable Finance

A track record in green and SME financing — including Bangladesh's first green & SME USD loan syndication by DFIs.

Community

Direct support for education and skills through long-term partnerships such as UCEP.

Key Sector Focus

Where we operate.

Banks & Financial Institutions

Infrastructure — Power & Telecoms

Agro, Retail & FMCG

Energy, Renewables, Oil & Gas

Healthcare & Pharmaceuticals

Logistics

Hospitality

Asset Management