Rashed A Chowdhury and Arif Dowla have been elected chairman and vice-chairman, respectively, of Mutual Trust Bank (MTB) PLC.

Their appointments were confirmed during the 320th meeting of the bank's board of directors, held recently at its head office in Dhaka, according to a press release.

Prior to this, Chowdhury served as vice-chairman of the bank, as well as chairman of its executive committee.

He is also the chairman of ABC Building Products Limited and Banga Garments Ltd, and is a director of Associated Builders Corporation Ltd and ABC Real Estate Ltd.

Notably, he previously held the role of chairman of the bank from 2014 to 2016.

Chowdhury is a founding trustee and former chairman of the board of trustees of Independent University, Bangladesh (IUB).

He obtained his postgraduate degree from Kingston University in the United Kingdom and is a member of the Chartered Management Institute (UK).

Arif Dowla served as chairman of the bank from January 2012 to February 2014 prior to his current appointment.

He is the managing director of Advanced Chemical Industries (ACI) Limited and Stochastic Logic Limited.

He also serves as chairman of ACI-CO-RO Bangladesh Ltd and vice-chairman of ACI Healthcare Ltd, in addition to being a director of several companies within the ACI Group.

Arif is the honorary consul for Belgium in Bangladesh and is a member of the board of governors of the Society for the Promotion of Bangladesh Art.

He earned a PhD in mathematics from the University of California, San Diego in the United States.