Dhaka, Bangladesh (BBN)– The Board of Directors of BRAC Bank Limited has appointed Selim R. F. Hussain as the bank’s new Managing Director and Chief Executive Officer (CEO).
Mr. Hussain is a career banker and an immediate past CEO & Managing Director of IDLC Finance Limited who is widely recognized and highly acclaimed across the financial sector for being the architect of IDLC Finance’s meteoric rise over the past six years.
He will lead a large branch banking and SME network and is expected to step up BRAC Bank’s business momentum and inclusive banking initiatives and thereby fulfill the bank’s vision of being a socially responsible and profitable financial institution focused on building a poverty free Bangladesh.
Mr. Hussain has an Honours degree in Accounting from Dhaka University and an MBA (Major in Finance) from the Institute of Business Administration, also from Dhaka University.
He worked in various roles with the two largest multi-national banks in Bangladesh, ANZ Grindlays Bank and Standard Chartered Bank, for twenty four years, before moving to the IDLC Group in 2010.
He has resided and worked in India and Australia for significant periods of his career and, prior to taking over the helm at IDLC Finance Limited, was the Head of Finance and Strategy for Standard Chartered Bank’s Consumer Banking Division in Mumbai, India.
Mr. Hussain was also CFO for Standard Chartered Bank, Bangladesh, from 2002 to 2007. Hussain was also a Director at the Credit Rating Agency of Bangladesh (CRAB) and the Vice Chairman of the Bangladesh Leasing & Finance Co Association (BLFCA) since 2012.
He is married with one son and aside from enjoying reading and traveling; he is a keen cricket and football enthusiast.