The Board of Directors of the Chittagong Stock Exchange PLC (CSE) on Sunday re-elected Asif Ibrahim as the Chairman of Chittagong Stock Exchange PLC in line with the Exchanges Demutualization Act, 2013.
All the Independent Directors and Shareholder Directors of the Exchange unanimously elected him for the next three years at a Board Meeting held on February 26, 2023, read a press release.
Earlier, Bangladesh Securities and Exchange Commission (BSEC) approved a list of seven independent directors as the tenure of the incumbents on the CSE Board expired. As per the BSEC approval, Asif Ibrahim will continue as Independent Director for another period of three years, while Abdul Halim Chowdhury, Kaashif Reza Choudhury, Monjurul Ahsan Bulbul, Sajib Hossain, CFA, Istar Mahal and Mohammad Naquib Uddin Khan are nominated afresh as Independent Director of CSE.
Moreover, the other elected four Shareholder Directors are Siddikur Rahman, Mohammed Mohiuddin, FCMA, Rezaul Islam and Mohammed Nasir Uddin Chowdhury.
Asif Ibrahim was born in Dhaka in 1965. He received his formal education from the University of Delhi (India) and the University of North Texas (USA). Ibrahim is the Vice Chairman of Newage Group of Industries, a business house involved mainly in manufacturing and exporting ready-made garments, textiles and plastic products.
The Ministry of Commerce of the Government of Bangladesh awarded him the Commercially Important Person (CIP) status in the year 2007, 2012 and 2014 for his contribution to national export.
Asif Ibrahim is the former President (2011-2012) of the Dhaka Chamber of Commerce and Industry (DCCI), the largest SME Trade Body in Bangladesh. He is the Former Founder Chairman (2012-2015) of Business Initiative Leading Development (BUILD), a Public Private Dialogue platform to expedite the policy reforms to enable private sector-led economic growth of Bangladesh. Ibrahim served as a board member of the Federation of Bangladesh Chamber of Commerce and Industry (2012-2015) and was the Chairman of the Privatisation Standing Committee of FBCCI.
