Kazi Mahmood Sattar new IPDC chairman

Renowned banker Kazi Mahmood Sattar has been appointed as the new chairman of IPDC Finance Limited.

The announcement came at the 198th meeting of the non-bank financial institution’s board of directors, said a press release.

In his 40 years long career, Kazi Mahmood Sattar served in leading positions in multiple banks and financial institutions in both, Bangladesh and abroad. With his visionary leadership, he had led organizational transformation during his stint with different financial institutions. Sattar started his career with ANZ Grindlays Bank in 1981. Later he got the opportunity to work with the bank overseas in Mumbai and Melbourne.

After returning from Australia, he successfully established the country’s first-ever investment banking arm/corporate finance unit while working for the Corporate Banking Division of ANZ Grindlays Bank.

In 1995, he rose to the position of head of corporate and investment banking. His tenures as the managing director and CEO of two of the leading private commercial banks of the country -- Eastern Bank Limited and The City Bank Limited -- brought him huge appreciation from the banking fraternity.

With his leadership, farsightedness, knowledge, and experience, Mahmood Sattar revolutionised the organisational culture, developed technological capability, and ensured business growth of both the banks to enable them to compete with the international banks in the country.

Prior to the latest appointment, he was an independent director and chairman of the Board Executive Committee of BRAC Bank Limited.

Alongside his new responsibility as the chairman of IPDC, he is currently the chairman of RSA Advisory Limited and Blue Wealth Assets limited. He is a member of the board of directors of bKash Limited as well.