Mashrur Arefin new MD of City Bank

City Bank has appointed Mashrur Arefin as its new managing director and chief executive officer.

Prior to the appointment, he had been serving the private commercial bank as the additional managing director, said the lender in a statement yesterday on getting the central bank's approval.

He had also served as chief communications officer and chief operating officer on joining City Bank in 2007 as head of retail banking.

Arefin is a director of the bank's subsidiary remittance company in Malaysia and its merchant bank subsidiary as well. He held a number of senior roles in branch, retail, SME, cards, operations and digital banking in banks, including ANZ Grindlays, Standard Chartered Bank Qatar, American Express, Citibank NA, and Eastern Bank.

He started his career as a management trainee at ANZ Grindlays Bank in 1995 and worked in its Australia headquarters. Arefin had completed his MBA from Victoria University, Australia.

Speaking to The Daily Star yesterday, Arefin said: "I want to take City Bank to an altogether different level."

"We believe we cannot limit ourselves to doing banking with 1.5 million people only. City Bank will reach out to crores who deserve access to finance and access to modern banking facilities."

About his target, Arefin said: "My goal is to build a remarkable institution, not just a sustainably profitable good bank."

"This great institution, likewise, should be the employer of choice for all local talents," he added.