Bank MDs must now have 3 yrs' combined or individual experience as AMD, DMD: Cenbank
The circular also notes that individuals with at least 25 years of experience in first-class or equivalent senior positions in regulatory bodies of the banking and financial sector, along with experience serving in the national pay scale’s Grade-2, may also be nominated for the MD role.
The Bangladesh Bank has tightened the experience requirements for appointing managing directors (MD) or chief executive officers (CEO) in banks, emphasising the need for more senior-level expertise.
Candidates must now have a total of three years of combined or individual experience as additional managing director (AMD) and deputy managing director (DMD) to qualify for the MD position, according to a circular issued by the central bank's Banking Regulation and Policy Department today (26 November).
Previously, the requirement was two years of experience in the immediate past position, without specifying the AMD or DMD roles. The new circular clearly sets AMD and DMD experience as mandatory, marking a shift from the earlier, less specific guideline.
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The circular also notes that individuals with at least 25 years of experience in first-class or equivalent senior positions in regulatory bodies of the banking and financial sector, along with experience serving in the national pay scale's Grade-2, may also be nominated for the MD role.
