AKM Shahnawaj takes charge as acting managing director of Dhaka Bank

The decision comes a day after Sheikh Mohammad Maroof submits his resignation

The Dhaka Bank board has appointed AKM Shahnawaj as acting managing director after former managing director Sheikh Mohammad Maroof stepped down.

Shahnawaj, who had been serving as deputy managing director, began his banking career with AB Bank in 1989.

The announcement was published on the Dhaka Stock Exchange’s website on Monday.

Speaking to bdnews24.com on Sunday, Maroof said his departure was for “purely personal reasons”.

“There is no reason to resign,” he said.

“I have stepped down from the post for purely personal reasons. I will take a few days off and then we will see.”

In response to speculation that he had been pressured by the board, Maroof dismissed the claim.

“No, nothing like that,” he said. “I have submitted my resignation to the board myself.”

But Dhaka Bank Chairman Abdul Hai Sarker said Maroof had failed to comply with several regulations of Bangladesh Bank.

“We have received his resignation letter,” Sarker said. “A decision will be taken in the board meeting on Monday.”

Maroof had joined Dhaka Bank as managing director on Oct 1, 2024, after serving as additional managing director of City Bank.