Manwar Hossain, new chairman of Anwar Group of Industries

Manwar Hossain has been elected as the new chairman of Anwar Group of Industries.

Manwar succeeds his father Anwar Hossain, the founder of the group who died on August 17 this year at the age of 83.

Before being elected as chairman, Manwar Hossain was the group managing director of the conglomerate, Anwar Group said in a statement today.

Anwar Group has a legacy of 187 years, but the foundation of the present Anwar Group is traced back to 1952 when late Anwar Hossain pioneered the diversification of his family business.

Anwar Group now has exposure in textiles, building materials, polymer, jute, real estate, furniture and home décor, steel, cement, jute, banks, cement sheet, insurance, non-bank financial institution, capital market, automobile etc.

Manwar Hossain is the eldest son of Anwar Hossain and Bibi Amena.

Manwar was sent to St. Paul's School Darjeeling, India under the tutorship of Harry Dang, once a teacher to Indian Late Prime Minister Rajiv Gandhi.

Later, he went to the University of New Hampshire, USA and completed his MBA in 1992. He joined the family business in 1993. He was elected vice chairman of the City Bank in 1999.

He is the chairman of Bangladesh Finance, president of Bangladesh Steel Manufacturing Association, director of Modhumoti Bank, sponsor promoter of BD Securities, BD Capital Holdings and City General Insurance Company.