Mercantile Bank Securities gets new chairman

MA Khan Belal has recently been elected as chairman of Mercantile Bank Securities Ltd (MBSL), a subsidiary of Mercantile Bank.

MBSL also elected Mohd Monsuruzzaman, a sponsor of the bank, as its vice chairman, the company said in a statement yesterday.

Belal is a director of Mercantile Bank and the chairman of Shamrat Group.