The government appointed a new chairman within hours of the resignation of Bangladesh Securities and Exchange Commission (BSEC) chairman Khandkar Rashed Maqsood and four commissioners. Corporate personality Masood Khan has been appointed as the new chairman.
At the same time, Nahid Mahtab, Tanvir Habib Rahman, Md. have been appointed as commissioners. Nafiz Al Tariq. They are appointed to this post for four years from the date of joining.
This appointment has been given in a separate notification signed by Farzana Jahan, Deputy Secretary, Financial Institutions Division, Punjibazar-1 Branch, Ministry of Finance, on Thursday (June 4).
Masood Khan has been the Chairman of Unilever Consumer Care since April 2019. Also served as Chief Advisor on the Board of Crown Cement Group.
According to the notification, Masood Khan has been appointed as Chairman of Bangladesh Securities and Exchange Commission for four years from the date of joining as per Section 5(2) of Bangladesh Securities and Exchange Commission Act, 1993 on the condition of severing working relationship with all other institutions and organizations. His salary and other benefits shall be determined by the agreement executed with the Government.
On the other hand, women lawyer Nahid Mahtab, Finance Director of Asha International Tanveer Habib Rahman and Managing Director (MD) of Dhaka Bank Securities Nafiz-al-Tariq have been appointed as three commissioners. They are also appointed as Commissioners of the Commission for a period of four years on the condition of severing their working relationship with all other institutions and organizations.
Their salaries and other benefits shall be determined by the agreement entered into with the Government.
The notification said that this order issued in public interest will be effective immediately.
Khandkar Rashed Maqsood, who became the chairman of the Bangladesh Securities and Exchange Commission during the interim government, resigned on Thursday morning. On the same day, four commissioners also resigned from their duties.
Within hours of their resignations, the Financial Institutions Department of the Finance Ministry issued separate notifications appointing Masood Khan as chairman and the three as commissioners.
