AB Bank has appointed Muhammad A (Rumee) Ali as chairman as part of the lender’s effort to improve its financial health.
As per the decision of the AB Bank board, the appointment of Ali came into effect on April 20, the first generation bank said in a statement yesterday.
Ali is a veteran banker with extensive and wide-ranging experience as chief executive officer, board member and chairman of several institutions.
He started his career with ANZ Grindlays Bank (Bangladesh) in 1975 after completing his master’s in economics from Dhaka University.
In 1997, he was the first Bangladeshi to become the CEO of the foreign bank’s Bangladesh operations.
When Standard Chartered Group acquired ANZ Grindlays in 2000, Ali was appointed the CEO of the combined operations as Standard Chartered Bangladesh.
In November 2002, he joined the central bank as deputy governor and was responsible for driving regulatory reforms in the country’s banking sector.
Ali had served as managing director for enterprise and investment at Brac, the world’s largest non-government organisation, and as chairman of Brac Bank. He was the founder chairman of bKash Ltd, the first mobile financial service provider in Bangladesh.
He is currently the CEO of the Bangladesh International Arbitration Centre.