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DSE MD Kazi Sanaul Huque resigns

DSE MD Kazi Sanaul Huque resigns

Published : Wednesday, 21 October, 2020 at 7:11 PM  Count : 234
Observer Online News

DSE MD Kazi Sanaul Huque resigns

DSE MD Kazi Sanaul Huque resigns

Kazi Sanaul Huque, managing director of Dhaka Stock Exchange (DSE), the country's main capital market, has resigned citing personal reasons, a DSE source confirmed it.

It is learnt that Sanaul Huque submitted his resignation letter to the DSE office on October 8 which was adopted at the DSE board meeting on Wednesday.

Earlier on February 8, he was appointed for three years. He joined the DSE as MD on February 9. He has been working in his current post for six  months.

According to the source, there was disagreement among the board members of DSE over the appointment of Kazi Sanaul Huque as the MD of DSE. A section of shareholder directors opposed his appointment. They also presented their arguments at the board meeting. But most of the independent directors, including the DSE chairman, sided with Kazi Sanaul Huque. Both sides expressed their views at the board meeting.

Later, the DSE sent the matter to the Bangladesh Securities and Exchange Commission to take a decision on the appointment of Sanaul Huque with all its views. On January 23, BSEC approved the appointment of Sanaul Haque as the MD of DSE. He then joined the DSE on 9 February. Prior to joining the DSE, Kazi Sanaul Huque was the MD of state-owned Investment Corporation of Bangladesh.


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