Kardan_Investment_Bank
Kardan investment bank (Persian: شرکت تأمین سرمایه کاردان, Shirkat-e Tamin-e Sirmayeh-e Kardan) is a full-fledged investment bank based in Tehran, Iran. Kardan is licensed and regulated by the country’s Securities and Exchange Organization (SEO).[1] The formation of Kardan Investment Bank started in January 2011. The Bank received its license from SEO in June 2013. The company’s capital initially set at IRR1 Trillion ($40 million) was raised to IRR2 Trillion (about $80 million) when license was granted.[2] The company is poised to execute cross-border deals [3] and is sponsored and owned by three commercial banks, Tejarat (the country’s third largest bank), Saman and Middle East.[4] Kardan board of directors is chaired by Wisconsin university graduate and a prominent banker [5] Dr. Parviz Aghili (Chairman) who spearheaded the creation of the company. The company is co-founded by Majid Zamani and run by Yousef A. Sharifi (CEO) a Connecticut University graduate and a previous investment manager to the Saman Bank.[2][6]
