Who is Mostaqur Rahman, the new cenbank governor?
Mostaqur currently serves as chairman of the BGMEA Standing Committee on Bangladesh Bank and is the managing director and CEO of Hera Sweaters Limited.
Md Mostaqur Rahman FCMA has been appointed governor of Bangladesh Bank for a four-year term, replacing Ahsan H Mansur.
The Financial Institutions Division (FID) of the finance ministry issued a gazette notification this afternoon (25 February) confirming the appointment of Mostaqur.
Mostaqur currently serves as chairman of the BGMEA Standing Committee on Bangladesh Bank and is the managing director and CEO of Hera Sweaters Limited. He was also a member of the BNP's election steering committee during the 13th national election held earlier this month.
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A Fellow Member of the Institute of Cost and Management Accountants of Bangladesh (ICMAB), Mostaqur qualified as a Cost and Management Accountant in 1992. He completed his Bachelor of Commerce (Honours) in Accounting in 1987 and his Master of Commerce in Accounting in 1988 from the University of Dhaka.
With more than 33 years of post-qualification experience, he has built a career spanning corporate finance, export economics, institutional governance and financial systems management.
Mostaqur previously served as a board member of the Chittagong Stock Exchange from 1998 to 2000. Over the years, he has been actively involved with several leading trade and business bodies, including BGMEA, the Real Estate and Housing Association of Bangladesh (REHAB), and the Dhaka Chamber of Commerce and Industry (DCCI).
He has also been associated with the Association of Travel Agents of Bangladesh (ATAB) and has served on various important committees.
Throughout his professional life, he has worked closely with regulators, including Bangladesh Bank and the Chittagong Stock Exchange, gaining experience in financial oversight, regulatory compliance, banking-sector engagement and capital management.
Under the appointment regulations, Mostaqur will have to relinquish all professional and institutional affiliations before formally taking charge. His four-year term will begin from the day he assumes office as governor.
