The Board of AB Bank Limited has appointed Mr. Muhammad A. (Rumee) Ali as its Chairman with effect from April 20, 2019.
Mr. Muhammad A. (Rumee) Ali is an iconic banker with extensive and wide-ranging experience as CEO, Board Member, and Chairman of several institutions.
He started his career with ANZ Grindlays Bank (Bangladesh) in 1975 after completing his Masters in Economics from Dhaka University. In 1997, he was the first Bangladeshi to be appointed as the CEO of the Bank’s Bangladesh operations. After acquisition of this bank by Standard Chartered Group in 2000, he was selected to be the first CEO of the combined operations of these two banks as Standard Chartered Bank.
In November, 2002 he joined Bangladesh Bank as Deputy Governor and was responsible for driving the regulatory reforms in the country’s banking sector, especially in the Risk Management and Corporate Governance areas. He, very successfully, worked as a central banker for four years.
He has repeatedly proven himself to be an eminently capable leader in a number of high profile executive appointments. Mr. Rumee Ali served as Managing Director, Enterprises & Investments at BRAC. During this period he was Chairman of BRAC Bank Ltd. and founder Chairman of bKash Limited the first mobile financial system in Bangladesh. He has also served as a member of the Board of BRAC and BRAC International.
In the past he served on the boards of Alliance for Bangladesh workers Safety (USA), Global Alliance for Banking on Values and Performance Based Funds Initiative of IFC/World Bank Washington, PKSF, Bangladesh. He was made a Fellow of the Institute of Bankers, Bangladesh in 2001. In addition, he has participated in many international forums as key- note speaker and panelist.
Mr. Rumee Ali, is also currently the CEO of Bangladesh International Arbitration Centre.
Mr. Feroz Ahmed is a member of the Board and the Chairman of AB International Finance Limited, Hong Kong, and Director of AB Investment Limited, AB Securities Limited, and Cashlink Bangladesh Limited.
Mr. Ahmed is also the Chairman of Elite Paint Group and the Managing Director of Elite International Ltd., Hexagon Chemical Complex Ltd. and Ahmed Securities Services Ltd. among others. Apart from business activities, Mr. Feroz is also involved with various Socio-Cultural, Philanthropic and Sports organizations. He was associated with the Bangladesh Cricket Board (BCB) as its AD-HOC Executive Committee Member. He is also a Member, Board of Trustees, Chittagong Independent University, life member of Chittagong Zila Krira Sangstha and member of Chattagram Mohanagari Krira Sangstha. He also a life member of Red Crescent Society, Chittagong, Maa O Shishu Haspatal, Chittagong.
Mr. Moshtaque Ahmed Chowdhury has come from a respected Muslim family in Cox’s Bazar. He joined as a Director of AB Bank Limited on December 21, 2017. Mr. Chowdhury is a renowned businessman engaged with trading business of Bagda shrimp in Cox’s Bazar since long.
Mr. Chowdhury has a spectacular political career which began in 1965. He is a freedom fighter and played a vital role in the Independence of Bangladesh. He was elected for three times as a Member of Parliament in the Year 1970, 1973 and 1991.
He served as an Administrator of Cox’s Bazar Zilla Parishad, Cox’s Bazar before being elected as the Chairman of the same Parishad from 2017 to till date.
He is involved in various social welfare activities and has contributed by executing many structural developments in this area. He also built a number of Schools, Colleges, Madrashas, Roads, Bridges, and Culverts etc. To alleviate the sufferings of the Natural Disaster affected people, from time to time he undertook various activities and stood by them to meet their needs. Besides this, he has successfully executed the responsibility of relief distribution and has rehabilitated the disaster victims as a Member of Parliament and chairman of Bangladesh Red Crescent Society, Cox’s Bazar District.
Mr. Ahmed attended various business Seminars /Trainings in Japan and Hong Kong. He participated in numerous Seminars in USA, UK, Switzerland, India, Nepal, Italy, Greece etc. as a government representative.
Mr. Kaiser A. Chowdhury is a banking professional, with a work – experience that spans four decades. Mr. Chowdhury started his career with ANZ Grindlays Bank (1975 – 1999), where he spent most of his time in the credit arena including a stint at Grindlays International Training Centre, Chennai, India as a credit instructor. He served ONE Bank Limited (1999 – 2005) as its Deputy Managing Director, AB Bank Limited (2005 – 2012) as its President & Managing Director and Meghna Bank Limited (2013 – 2014) as its founder Managing Director & CEO. He was also the Principal of Dhaka Bank Training Institute (2015-16).
Syed Afzal Hasan Uddin is a Director of AB Bank Limited. He graduated from King’s College, London in 1993 and was called to the Bar from Lincoln’s Inn, London in March 1996. Mr. Afzal Hasan Uddin is the Managing Partner of Syed Ishtiaq Ahmed & Associates, one of the prominent law firms of the country. Prior to joining Syed Ishtiaq Ahmed & Associates, he worked for the Civil Litigation Department of Price Waterhouse in London. He enrolled as Advocate of the High Court Division of the Supreme Court of Bangladesh in 2001. Mr. Afzal Hasan Uddin’s area of expertise include advising clients in the areas of telecommunication, energy and power generation, mergers and acquisitions, due diligence of companies and general corporate and commercial affairs. Mr. Afzal also serves in the Board of other prominent listed and unlisted companies as Independent Director.
Mr. Khairul Alam Choudhury, Barrister-at-Law is a Director of AB Bank Limited. He graduated from University of Wolver Hampton, UK in 2001. Thereafter, Mr. Choudhury obtained his post graduation from the City University, UK in 2002 and was also called to the Bar from Lincoln’s Inn, London in 2002. Mr. Choudhury is a practicing lawyer of the Supreme Court of Bangladesh.
Mr. Shajir Ahmed completed his Bilingual Diploma degree on International Baccalaureate (IB) from United World College of South East Asia, Singapore. Following which, he graduated in Business Management from Kings College London under University of London in 2008. In 2009, he started his first job as a Central Accounts Officer in Habib Bank AG Zurich, Dubai.
Upon Mr. Ahmed’s return to Bangladesh in 2010, he joined his family business as the Director of Elite Paint & Chemical Industries Limited, a pioneer manufacturer of different graded paints in Bangladesh. At present, Mr. Ahmed is the Managing Director of Super Silica Bangladesh Limited and the Director of Super Tel Limited, Super Sea Fish (Pvt.) Limited, Elite Super Plastic Ind. (Pvt.) Limited, Super Shares & Securities Limited., Elite Food Industries Limited, Broast Foods Ind. (Pvt.) Limited and Aurora Decor Limited.
Mr. Ahmed also holds the position of Deputy Managing Director of Super Refinery (Pvt.) Limited, the first Natural Gas Condensate Refinery in the private sector since June 01, 2006 till date.
Mr. Tarique Afzal joined AB Bank in 2018 as Deputy Managing Director – Head of Corporate, Legal & Regulatory Affairs. Subsequently he has been appointed as the President & Managing Director with effect from July 08, 2019.
Prior to joining AB Bank he was the Chief Executive Officer of Sonali Polaris Financial Technology Limited a joint venture of Sonali Bank and Polaris, India.
Mr. Tarique Afzal, to his credit, has impressive overseas work experiences and worked in London during the late 1980s and in Credit Union in Canada, later served in ANZ Grindlays Bank and Standard Chartered Bank in Bangladesh.
He also worked in Bank Alfalah, BRAC Bank and served as the CEO for Dun & Bradstreet Rating Agency in Bangladesh.
His core competencies are creating new business streams, operational efficiency, performance improvements and regulatory relationships.
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