Acting Managing Director of Social Islami Bank takes charge

Md Nazmus Saadat has taken charge as the Managing Director (Acting) of Social Islami Bank PLC.

He has also served as a Deputy Managing Director of the Bank.  He has served at Islami Bank Bangladesh, Al Arafa Islami Bank, and Social Islami Bank for over 27 years and has a good reputation.  He started his banking journey 1995 as a probationary officer at Islami Bank Bangladesh Limited (IBBL). He served there for over 12 years, excelling in various Local Office and Foreign Exchange Branch departments. He also served as the Manager of the Dilkusha and Motijheel branches of Al Arafa Islami Bank. Demonstrating his leadership capacity, he advanced to head multiple divisions, including the Marketing & Business Development and Corporate Investment Division.

In 2014, he joined Social Islami Bank PLC (SIBPLC) and assumed key roles, including leading the Investment Risk Management Division and serving as Manager of the Principal Branch. His keen strategic insight and dedication earned him widespread respect and recognition within the bank. However, following a takeover by the S Alam Group in 2017, he resigned in 2020 to uphold his values and integrity.

A pivotal change occurred in August 2024 when Bangladesh Bank restructured Social Islami Bank's Board, freeing the institution from external control. Recognising Mr Saadat's expertise and steadfast dedication, the newly appointed Board returned him as Senior Executive Vice President (SEVP). He was entrusted with heading the Managing Director's Secretariat and the Investment Wing. Soon thereafter, his exemplary service and vision promoted him to deputy managing director. Considering his skills and qualifications, the board of directors appointed him as the bank's managing director (acting).