Retired Supreme Court judge Justice Siddiqur Rahman has been elected chairman of the Dhaka Stock Exchange for a three-year term.
He became the first chairman of the DSE after its demutualization – a way of separating management of the bourses from ownership.
The 13-member new DSE board elected him as the chairman at its first meeting held on Friday.
The board is comprised of newly elected four directors, BSEC approved seven independent directors, DSE chief executive officer and one from strategic investor in line with the Demutualisation Act 2013.
Besides Siddiqur Rahman, other six independent directors are former secretary Waliul Islam, member of University Grants Commission Abul Hashem, BUET Professor Dr M Kaykobad, former ICMAB President Ruhul Amin, Brigadier General Mujibur Rahman and FBCCI Senior Vice-President Monowara Hakim Ali.
The four elected directors are Shakil Rizvi of Shakil Rizvi Stock, Khwaja Ghulam Rasul of Khwaja Equity Services, Mohammad Shahjahan of Jahan Securities and Sharif Anwar Hossain of Shahidullah Securities.
A law on demutualisation was passed in parliament on April 29 last year with a promise to bring transparency in the stock market.
