2024-08-19 05:16:38
Published: 18:35, 18 August 2024 Updated: 19:00, 18 August 2024
Prominent banker Khandkar Rashed Maksud has been appointed as the new chairman of Bangladesh Securities and Exchange Commission (BSEC), the regulatory body of the capital market.
This information was informed in the notification signed by Farida Yasmin, Deputy Secretary of the Financial Institutions Department (FID) on Sunday (August 18).
According to the notification, Khandkar Rashid Maqsood has been appointed as the Chairman of Bangladesh Securities and Exchange Commission for the next four years in accordance with Section 5 and 6 of Bangladesh Securities and Exchange Commission Act 1993 and Section 5(2) of the said Act.
Khandkar Rashed Maqsood was the MD and CEO of Standard Bank Limited. Prior to joining Standard Bank, he served as MD of NRBC Bank Limited and MD and City Country Officer of City Bank NA Bangladesh for seven years. He completed MBA in Finance from Dhaka University IBA in 1992.
Professor Shibli Rubaiyat-ul-Islam resigned from the post of BSEC chairman last Sunday (August 11) due to the recent political change. One day after that, two commissioners of the organization resigned on Monday (August 12). Sheikh Shamsuddin Ahmed and Dr. Rumana Islam. After the resignation of the chairman and two commissioners, the capital market was running in a leadershipless state. The Advisory Council of the Interim Government appointed Mashroor Riaz as the chairman of BSEC last Tuesday (August 13) to take control of the country’s capital market from this state of guardianship.
However, BSEC’s Officers’ Welfare Association questioned Masroor Riaz’s eligibility and other issues. Later realizing the mistake, Masroor Riaz was welcomed by the association to join BSEC. But Masroor Riaz made a statement last Saturday (August 17) expressing his ineligibility to join BSEC. In view of this, the advisory council has appointed Khandkar Rashid Maqsood considering the overall aspect.
Dhaka/NT/NH