Naser Ezaz Bijoy, the chief executive officer (CEO) of Standard Chartered Bangladesh, has announced his resignation from the top post.
He has already informed Bangladesh Bank that he does not wish to continue in his role.
Bitopi Das Chowdhury, head of corporate affairs, brand and marketing at Standard Chartered Bangladesh, confirmed the development to reporters on Monday.
"Naser Ezaz Bijoy has stepped down. An interim CEO will now be appointed subject to approval from Bangladesh Bank," Bitopi Das said.
Commenting on his decision, Naser Ezaz Bijoy said, "I am stepping down from the post of CEO, but I will continue working as an employee of the bank."
Explaining the reasons behind his resignation, he noted that the bank's business growth has slowed down in tandem with the broader macroeconomic slowdown in the country. "Under these circumstances, the bank requires a fresh business strategy," he said.
Naser Ezaz Bijoy had been serving as the CEO of the bank since November 2017.