City Bank PLC has promoted Md Nurul Azam Mozumder and Kamrul Mehedi to the position of deputy managing directors (DMDs).

Prior to assuming this new role, Mozumder was serving the bank as a senior executive vice-president and head of medium business, concurrently, said a press release.

He began his banking career with City Bank as a management trainee in 1999.

Over the past 25 years, he has served in various leadership capacities, including business development manager, cluster head of branches, and head of branch banking.

Mozumder obtained his both honours' and master's degrees in mathematics and business studies from the University of Dhaka.

Kamrul Mehedi, also elevated to DMD, was serving the bank as a senior executive vice-president.

Since 2017, he has led the bank's small and microfinance division, introducing several innovative financial products tailored for customers in the cottage, micro, small, and medium enterprise (CMSME) segments.

Mehedi began his professional journey at BRAC Bank, and previously serving in the Bangladesh Army.

He holds a graduate degree in banking leadership from the Massachusetts Institute of Technology (MIT), which has profoundly influenced his strategic approach to inclusive finance within the SME sector.

The elevation of Mozumder and Mehedi to deputy managing directors reflects City Bank's ongoing commitment to cultivating leadership that champions inclusive growth and fosters the development of the SME sector across the country, the press release added.