Market digest

A Rumee Ali new chairman of AB Bank

Business Desk

25 April, 2019 12:00 AM printer

A Rumee Ali new

chairman of AB Bank

The Board of AB Bank Limited has appointed Muhammad A (Rumee) Ali as its Chairman with effect from April 20, 2019.

Muhammad A (Rumee) Ali is an iconic banker with extensive and wide-ranging experience as CEO, Board Member, and Chairman of several institutions, said a press release.

He started his career with ANZ Grindlays Bank (Bangladesh) in 1975 after completing his Masters in Economics from Dhaka University.  In 1997, he was the first Bangladeshi to be appointed as the CEO of the Bank’s Bangladesh operations.

In November, 2002 he joined Bangladesh Bank as Deputy Governor and was responsible for driving the regulatory reforms in the country’s banking sector, especially in the Risk Management and Corporate Governance areas.

He has repeatedly proven himself to be an eminently capable leader in a number of high profile executive appointments. Rumee Ali served as Managing Director, Enterprises and Investments at BRAC.

During this period he was Chairman of BRAC Bank Ltd. and founder Chairman of bKash Limited the first mobile financial system in Bangladesh. He has also served as a member of the Board of BRAC and BRAC International.

Rumee Ali, is also currently the CEO of Bangladesh International Arbitration Centre.

His extensive and varied experience, charismatic leadership style and wide acceptance as a financial industry leader and personality will immensely benefit AB Bank in its journey forward.