Ali Imam elected MIDAS Financing chairman

Ali Imam Majumder has been elected as chairman of the board of directors of MIDAS Financing Limited, one of the leading non-bank financial institutions of the country, for a two-year term.

Majumder, former cabinet secretary, has been performing as a director of the non-bank financial company since 2012, said a press release.

He joined as a BCS (administration) cadre on February 11, 1977, and served in different important positions during his long career.

Majumder acted as chairman of the board of directors of Sonali Bank Limited and Biman Bangladesh Airlines Limited.

He is an honorary member of Dhaka Club Limited, lifetime honorary member of Dhaka Officers' Club, a member of the executive committee of SHUJAN and a trustee of Transparency International Bangladesh.

He obtained an MSc degree in mathematics from the University of Chittagong.

Meanwhile, Parveen Mahmud has joined MIDAS Financing as a director. Mahmud was nominated as a director at the board of the non-bank financial institution.

Parveen Mahmud

Chairperson of the trustee board of RDRS Bangladesh, she was the first woman president of the Institute of Chartered Accountants of Bangladesh, the first female board member and the first female president of the South Asian Federation of Accountants (SAFA), founding chairperson of the CA Female Forum -- a women in leadership committee of ICAB -- and founding vice-chairperson of the women in leadership committee of SAFA.

Mahmud started her career with Brac and later served Brac International Board and chaired the Audit and Risk Committee from 2011- 2022.

She was founding managing director of the Grameen Telecom Trust. She is the board member of Transparency International Bangladesh, the Centre for Policy Dialogue, the Bishsho Shahitto Kendro, Manusher Jonnyo Foundation, Palli Karma-Sahayak Foundation, Ghashful, Friendship, HerStory Foundation, CholPori, Moner Bondhu, Heroes for All and Cider International School in Chittagong.

An independent director of Marico Bangladesh, Apex Footwear and Berger Paints Bangladesh, Mahmud was the chairperson of Shasha Denims, UCEP– Bangladesh, MIDAS and Acid Survivors Foundation.

Mahmud was a working group member of the Consultative Group on Social Indicators of UNCTAD/ISAR.

A Melvin Jones Fellow, Mahmud was the president of the Lions Club of Chittagong Parijat Elite, Lions Clubs International, District 315- B4, Bangladesh, and is now serving as a district cabinet treasurer for 2022-2023.