Disasters caused by chemicals stored in densely populated areas have shaken Bangladesh in the past one and a half decades
Islami Bank picks Mahbub ul Alam as new managing director
The board of directors of the Islami Bank has chosen Md Mahbub ul Alam as its new managing director and sought central bank's 'no-objection' to the appointment.
Published : 17 Jan 2018, 06:33 PM
Updated : 17 Jan 2018, 06:33 PM
Chairman of the bank Arastoo Khan said the decision was taken at a board meeting on Wednesday.
Mahbub, currently an additional managing director of the bank, will replace Abdul Hamid Mia who is going to retire on Feb 9.
His appointment needs Bangladesh Bank's approval as per the banking law.
The board of directors of the private backs can select the MD but needs 'no-objection' letter from the central bank before the final appointment.
Arastoo said, "The board has approved him as MD. We have also sent a letter to the central bank seeking no-objection about him. His appointment will be effective after we get Bangladesh Bank's nod."
Mahbub joined Islami Bank in early 1984 and was promoted to the additional managing director in 2015 after serving the bank in different capacities.
Born in Comilla, he did his post graduation in marketing from Dhaka University in 1982.
RELATED STORIES
Shares of the streaming video pioneer fell after it reported a large batch of new customers in the first quarter but gave a revenue forecast that missed analyst targets
The companies have yet to approach Paramount, which is in exclusive deal talks with Skydance Media, though some investors have urged Paramount to explore other options
A Swiss investigative organisation, Public Eye, released a report, saying that Nestle adds sugar to its baby food products sold in low-income countries in Africa, Latin America and Asia
