The state-run Investment Corporation of Bangladesh (ICB) Chairman, Prof Suborna Barua, has resigned citing personal reasons on Tuesday.
He sent his resignation letter to the Financial Institutions Division of the Ministry of Finance on Tuesday.
In November 2023, he was appointed as the chairman of ICB for three years.
Previously, Suborna was a professor of finance at the Department of International Business, University of Dhaka.
Earlier, after the fall of Sheikh Hasina on August 5, the then Bangladesh Securities And Exchange Commission (BSEC) chairman, Prof ShibliRubayat-ul-Islam resigned along with two other commissioners, Prof Rumana Islam and ShaikhShamsuddin Ahmed.
The Investment Corporation of Bangladesh (ICB) was started on October 1, 1976, to help people invest and grow the stock market. It was created because the way the economy was working was changing quickly.
Suborna also serves as a Research Fellow (part-time) at the Bangladesh Institute of Capital Market (BICM) for the last three years with a vision to build the capacity of the institute’s faculty members in conducting cutting-edge impact research in the fields of financial markets, with a focus on capital markets.
Suborna also introduced the Financial Modelling and Valuation Expert Certificate programme at BICM, designing its curriculum and programme structure to meet the very needs of qualified financial modellers in the local financial institutions.
Suborna holds a PhD in Finance and Economics from Federation University Australia, as well as BBA and MBA degrees from the University of Dhaka.
Suborna has taught finance, banking, and economics at universities in Australia and Bangladesh since 2006. He has also done research and taught people about finance.
