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Dhaka Tribune

CSE re-elects Asif Ibrahim as chairman

All the independent directors and shareholder directors of the bourse unanimously elected him for the next three years

Update : 26 Feb 2023, 05:38 PM

The board of directors of the Chittagong Stock Exchange PLC have re-elected Asif Ibrahim as its chairman in line with the Exchanges Demutualization Act, 2013.

All the independent directors and shareholder directors of the bourse unanimously elected him for the next three years at a Board Meeting held on Sunday, said 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 also continue as independent director for another period of three years.

Additionally, Abdul Halim Chowdhury, Kaashif Reza Choudhury, Monjurul Ahsan Bulbul, Md Sajib Hossain, Istar Mahal and Mohammad Naquib Uddin Khan were also nominated as independent directors of CSE.

Moreover, the other elected four shareholder directors were Md Siddikur Rahman, Mohammed Mohiuddin, Md Rezaul Islam and Mohammed Nasir Uddin Chowdhury.

Asif Ibrahim was born in Dhaka, Bangladesh 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 readymade garment, textiles and plastic products.

The Ministry of Commerce awarded him the Commercially Important Person (CIP) status in 2007, 2012 and 2014 for his contribution in national export.

He is also the former president (2011-2012) of Dhaka Chamber of Commerce and Industry (DCCI), as well as former founder chairman (2012-2015) of Business Initiative Leading Development (BUILD).

Ibrahim served as a board member of Federation of Bangladesh Chamber of Commerce and Industry (FBCCI, 2012-2015) and was the chairman of its privatization standing committee.

He is also a director of Bangladesh Garments Manufacturers and Exporters Association (BGMEA) and Bangladesh Thai Chamber of Commerce and Industry (BTCCI).

Ibrahim is a member of the board of advisers for Brac Business School (BBS) under Brac University.

He is also a core committee member of the Citizen's platform to implement the Sustainable Development Goals (SDGs) in Bangladesh.

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