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MTB elects Syed Manzur Elahi as Chairman and Rashed Ahmed Chowdhury as Vice Chairman

Syed Manzur Elahi founding Chairman of MTB and Pioneer Insurance Company Limited has been elected as the Chairman of Mutual Trust Bank PLC (MTB). He has won various awards for his contributions to trade and industry including “Business Executive of the Year 2000” by the American Chamber of Commerce (AMCHAM), Bangladesh and “Business Person of the Year 2002” award, sponsored by the Daily Star and DHL Worldwide Express.

Besides being an eminent industrialist, he was also appointed Adviser to the Caretaker Government of Bangladesh, twice in 1996 and 2001 for his leadership qualities, professionalism, non-partisanship and countrywide acceptance.

He is the Chairman of Apex Group, a leading business conglomerate in Bangladesh. He is also the Chairman of Grey Advertising (Bangladesh) Ltd., Quantum Consumer Solutions Ltd., Manusher Jonno Foundation, Sunbeams School Ltd. He is also Managing Director of International Publications Limited, the owning company of The Financial Express, Director of Credit Rating Agency of Bangladesh Limited (CRAB), Director of Central Depository Bangladesh Ltd. (CDBL), Chairman of the Board of Trustees of East West University, Member of the Board of Trustees of Centre for Policy Dialogue (CPD), Member of Trustee Board of Diabetic Association of Bangladesh and Member of Trustee Board of Bangladesh Freedom Foundation.
Elahi holds an M.A. (Econ.) from the University of Dhaka. He served as the Vice Chairman of the bank and Chairman of the Board Executive Committee for the last two years successfully.
Rashed Ahmed Chowdhury has been elected as Vice Chairman of MTB. Prior to assuming this role, he was the Chairman of the Board Risk Management Committee of the Bank. He is the Chairman of ABC Building Products Limited, Director of Associated Builders Corporation Ltd. (ABC) and ABC Real Estate Ltd.

He is a Founder Trustee and former Chairman of the Board of Trustees of Independent University, Bangladesh (IUB). He is the Founding member and past President of Cadet College Club Limited, Member of the Management Committee of Ispahani Islamia Eye Institute and Hospital (IIEI&H) and Member of the Board of Trustees of the Corporate Social Responsibility (CSR) Centre.

Chowdhury is a member of the Chartered Management Institute, UK.

The aforementioned decisions were taken at the 314th meeting of the Board of Directors of the bank, held on December 26, 2024

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