Kaiser Ahmed Chowdhury re-appointed as chairman of Nagad

Kaiser Ahmed Chowdhury has been re-appointed as the chairman of Nagad, the country's mobile financial service (MFS) operated under the Bangladesh Postal Department.

The newly constituted board also includes Prof Niaz Asadullah, a development economist at Monash University in Kuala Lumpur and honorary professorial fellow at North South University; Bazlul Haque Khondker, research director at the Policy Research Institute; Md Anwar Hossain, former executive director of the Bangladesh Bank; and Barrister Tanim Hossain Shawon, a lawyer at the Supreme Court of Bangladesh.

In addition, the director general of the Directorate of Posts and the joint secretary of Debt Management at the Finance Division of the Ministry of Finance have been appointed as ex-officio members of the board, according to a press release.

The reconstitution of Nagad's management board was approved by Bangladesh Bank on June 23, under the authority granted by Section 18(4) of the Payment and Settlement Systems Act, 2024.

Going forward, this management board will be responsible for formulating operational strategies and overseeing the institution's strategic direction.

Nagad will now operate under the supervision of this board through an administrator appointed by the central bank.