Three private banks are undergoing management changes. One Bank has already appointed a new managing director (MD) and two are in the process of succession.
This month, Southeast Bank and South Bangla Agriculture and Commerce Bank will get new MDs. Bangladesh Bank has approved these appointments and the new leaders are expected to join soon.
Mohit Rahman has joined One Bank as MD. He previously served as MD at Standard Chartered Bank in Bangladesh since 2005 and worked with American Express before that. The former MD of One Bank, M. Monzur Mofiz, left in last February. Rahman aims to revamp and strengthen the bank.
At Southeast Bank, managing Director Nuruddin Md. Sadeq Hossain resigned on July 28 due to health issues. The bank has appointed Md. Khalid Mahmud Khan, currently a Deputy MD at Mutual Trust Bank, who will join later this month.
In South Bangla Agriculture and Commerce Bank, MD Habibur Rahman resigned in March. SM Moinul Kabir, a Deputy MD at United Commercial Bank, has been appointed as the new MD and will take over soon.
Meghna Bank's MD, Kazi Ahsan Khalil, resigned on July 27 after recent board changes. The bank's top officials are considered for the role, pending Bangladesh Bank approval.
More banks are expected to appoint new MDs soon. Many current MDs are approaching retirement age, making leadership succession a routine process.
