Islami Bank’s new managing director takes charge

Md Abdul Hamid Miah today took charge of his duties as the Managing Director and Chief Executive of Islami Bank Limited.

Bangladesh Bank approved his appointment after Islami Bank's board of directors nominated him for the post on January 5 at a conference in Dhaka, according to a press release issued this afternoon.

READ MORE: Major changes in Islami Bank key positions

He previously served as the managing director of Union Bank, Rupali Bank and Shilpa Bank (now Bangladesh Development Bank), the release added.

Several little-known local companies have bought the bulk of the local shares in the Islami Bank Limited over the last one and a half years, leading to the latest reshuffle at its top level, according to the bank officials.

READ MORE: Changing of the guard at Islami Bank

Changes have been made to the posts of the bank's chairman, managing director, heads of various committees and chief of the Islami Bank Foundation in line with a decision at the bank's board meeting on Thursday.