The Board of Directors of the Chittagong Stock Exchange Ltd. (CSE) elected Mr. Asif Ibrahim as Chairman of the Exchange in line with the Exchanges Demutualization Act, 2013.
All the Independent Directors and Shareholder Directors of the Exchange unanimously elected him for the next three years at a Board meeting held on 25 February, 2020. Mr. Ibrahim will replace Maj Gen (Retd.) Mohammad Shamim Chowdhury, nwc, psc as the CSE Chairman.
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, Professor S. M. Salamat Ullah Bhuiyan and Mr. S. M. Abu Tayyab will continue as Independent Director for another period of three years. While, Mr. M. Abdul Malek, Mr. Sohail Mohammed Shakoor, Mr. Md. Liaquat Hossain Chowdhury, FCA, FCMA, Mr. Asif Ibrahim and Barrister Anita Ghazi Islam are nominated afresh as Independent Director of CSE.
Asif Ibrahim was born in Dhaka, Bangladesh in the year 1965. He received his formal education from the University of Delhi (India) and the University of North Texas (USA). Mr.Ibrahim is the Vice Chairman of Newage Group of Industries, a business house involved mainly in manufacturing and exporting ready-made garments, textiles and plastic products. The Ministry of Commerce of the Government of Bangladesh awarded him the Commercially Important Person (CIP) status in the year 2007, 2012 and 2014 for his contribution in national export.
Mr. Asif Ibrahim is the former President (2011-2012) of Dhaka Chamber of Commerce and Industry (DCCI), the largest SME Trade Body of Bangladesh. He is the Former Founder Chairman (2012-2015) of Business Initiative Leading Development (BUILD), a Public Private Dialogue platform to expedite the policy reforms to enable private sector led economic growth of Bangladesh. Mr. Ibrahim served as a board member of Federation of Bangladesh Chamber of Commerce and Industry (2012-2015) and was the Chairman of the Privatization Standing Committee of FBCCI.
Mr. Ibrahim is a Director of Bangladesh Garments Manufacturers and Exporters Association (BGMEA) and Bangladesh Thai Chamber of Commerce and Industry (BTCCI). Mr. Ibrahim is a member of UNESCAP Sustainable Business Network (ESBN) and is the Chairman of the UNESCAP Sustainable Business Network Taskforce on Disaster and Climate Risk Reduction.