Mehmood Husain elected IFIC bank chairman
Earlier on 4 September, the Bangladesh Bank reconstituted IFIC Bank board, ending the influence of Salman F Rahman, an adviser to the recently ousted prime minister Sheikh Hasina.
Md Mehmood Husain has been elected the chairman of the board of directors of IFIC Bank.
The decision was made at the first meeting of the reconstituted board of the bank held at its head office in Dhaka yesterday (8 September), reads a press release.
Other board members Md Ebtadul Islam, Sajjad Zohir, Kazi Md Mahboob Kashem, Md Golam Mostofa, Md Monzorul Haque, Managing Director Syed Mansur Mustafa, Company Secretary Mokammel Hoque, Head of ICC M Mozibar Rahman and CFO Dilip Kumar Mandal attended the meeting.
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Earlier on 4 September, the Bangladesh Bank reconstituted IFIC Bank board, ending the influence of Salman F Rahman, an adviser to the recently ousted prime minister Sheikh Hasina.
The central bank dissolved the board headed by Salman, appointing a six-member team to oversee the bank's policies and operations.
The new board includes four independent directors and two representatives from the government.
The independent directors are Md Mehmood Husain, former managing director of the National Bank Limited (NBL), Ebtadul Islam, former executive director of the Bangladesh Bank, Sazzad Zohir, professor of Economics at BRAC University; and Kazi Md Mahboob Kashem, a chartered accountant.
Representatives from the government, which holds a 32.75% share in the bank, are Md Golam Mostafa, additional secretary, and Muhammad Manzarul Haque, joint secretary, of the Finance Division.
