Dhaka, Bangladesh (BBN) - Selim R.F. Hussain, managing director (MD) and chief executive officer (CEO), of BRAC Bank PLC, has submitted his resignation to the board of directors, effective from Tuesday.
The board has accepted Mr. Hussain’s resignation and has sought Bangladesh Bank’s approval in this regard, according to a press statement, issued by the private commercial bank.
In the meantime, the board has appointed Tareq Refat Ullah Khan, additional managing director and head of corporate and institutional banking, as the MD and CEO (Current Charge), it added.
Mr. Hussain joined BRAC Bank as MD and CEO on 8 November 2015, according to the bank's website.
He previously served as managing director and CEO of IDLC Finance Ltd, where he was credited with driving significant growth more than six years.
Before joining IDLC, he held senior leadership roles at multinational banks, including ANZ Grindlays Bank and Standard Chartered Bank, serving for 24 years in Bangladesh, India, and Australia.
Mr. Hussain was the head of finance and strategy for Standard Chartered's consumer banking division in Mumbai and its CFO in Bangladesh from 2002 to 2007.
He 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.
Currently, Mr. Hussain is serving as the Chairman of the Association of Bankers, Bangladesh (ABB), a platform comprising chief executives of the country's banks.