DSE CRO resigns

The chief regulatory officer (CRO) of Dhaka Stock Exchange (DSE), Md Shawkat Jahan Khan, has resigned two months after his joining. 

Khan submitted his resignation letter on Monday, citing personal issues. In further development, his resignation will be discussed at a meeting of the Nomination and Remuneration Committee (NRC) of the bourse.

DSE Acting Managing Director M Shaifur Rahman Mazumdar confirmed the news to The Business Post on Tuesday.

Khan joined the DSE as CRO in September. Earlier, he was the chief financial officer and general manager of Rupali Bank Limited. 

The DSE authorities had initially chosen M Asheq Rahman for the position. When Rahman placed some prerequisites, the DSE refused to comply with those and canceled his appointment.

Later, the prime bourse authority appointed Shawkat Jahan to the post.

The resignation came around one month after the resignation of the DSE’s chief financial officer (CFO). Abdul Matin Patwary, the CFO, stepped down from his position on October 3. His resignation will come into effect from January 1, 2022.

Patwary joined the bourse in August, 2015.

Earlier in January, DSE Managing Director Kazi Sanaul Haque resigned citing personal reasons. He had joined the DSE on February 9, 2020, under a three-year contract. There was disagreement among DSE board members over his appointment.

On the other hand, the Chittagong Stock Exchange (CSE) in September sacked its Managing Director Mamun-Ur-Rashid after taking approval from the securities regulator.

Following the unusual removal, CSE Chief Regulatory Officer Mohammad Shamsur Rahman stepped down from his post citing lack of work environment.