IPDC Finance appoints Rizwan Dawood Shams as new MD | The Business Standard
Skip to main content
  • Latest
  • Economy
    • Banking
    • Stocks
    • Industry
    • Analysis
    • Bazaar
    • RMG
    • Corporates
    • Aviation
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
The Business Standard

Monday
June 09, 2025

Sign In
Subscribe
  • Latest
  • Economy
    • Banking
    • Stocks
    • Industry
    • Analysis
    • Bazaar
    • RMG
    • Corporates
    • Aviation
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
MONDAY, JUNE 09, 2025
IPDC Finance appoints Rizwan Dawood Shams as new MD

Corporates

Press Release
17 April, 2024, 09:30 pm
Last modified: 17 April, 2024, 09:32 pm

Related News

  • Bangladesh reports 5 more Covid-19 cases
  • BNP to stay on streets until Dec election demand met: Gayeshwar
  • DMTCL urges Metro passengers to wear masks amid rising Covid-19 cases
  • DMP conducts special security drill ahead of Bangladesh-Singapore football match
  • No govt did more to protect leather industry than the interim govt: Commerce adviser

IPDC Finance appoints Rizwan Dawood Shams as new MD

Press Release
17 April, 2024, 09:30 pm
Last modified: 17 April, 2024, 09:32 pm
Photo: Courtesy
Photo: Courtesy

IPDC Finance Ltd has announced Rizwan Dawood Shams as the new managing director (MD).

With this appointment, Shams will take on full leadership responsibilities of IPDC, leveraging his rich experience spanning over 20 years in various facets of the financial industry, reads a press release.

Shams has been working as the acting managing director of the company since January 2024. He joined the company in November 2007 and worked in different cross functional roles before being promoted as the first-ever additional managing director of the company in April 2021.

The Business Standard Google News Keep updated, follow The Business Standard's Google news channel

He has been an integral part of the transformation which IPDC has gone through since 2015. During his journey at IPDC, his contributions were instrumental in making the company one of the fastest growing in the industry. He has played a pivotal role in implementing different award-winning value chain financing initiatives in the field of CMSME financing, retailer financing and supply chain financing. His contributions to support CMSMEs during Covid-19 pandemic was appreciated by the different entities including the central bank.

He has played an instrumental role in keeping IPDC's Non-Performing Loans (NPL) as one of the lowest in the industry. Additionally, he has also reshaped the Treasury Department to keep IPDC's liquidity at a healthy state.

Prior to joining IPDC, Shams held critical positions at Standard Chartered Bank, Habib Bank, and GSP Finance. He holds an MBA degree from Victoria University of Melbourne, Australia and obtained his BBA degree from North South University, Bangladesh. He has participated in different business training and seminars in Germany, Singapore, Thailand, Philippines, Malaysia, and India. 

In response to the appointment, Shams said, "Stepping into the role of Managing Director of country's first private sector financial institution, IPDC Finance is both an honor and a privilege. Despite having one of the lowest NPL in the industry, our focus will primarily be on NPL management alongside ensuring sustainable growth of the company and continue to keep ourselves aligned in upholding the highest standards of corporate governance through internal process optimisation and collaboration with external stakeholders and regulators. We are excited to lead the Company to a new chapter of innovation, growth, and excellence whilst focusing on sustainability, youth, women, and underserved areas. Together, we will continue to make strides towards achieving our strategic goals and serving our customers with dedication and integrity."

Bangladesh / IPDC Finance Limited / MD

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • Chief Adviser Muhammad Yunus leaves for a four-day visit to the United Kingdom from the Dhaka airport on 9 June 2025. Photo: CA Press Wing
    CA Yunus leaves for UK; discussion expected on renewable energy investment, laundered money
  • File photo of Shafiqul Alam. Photo: Collected
    Positive for country if CA meets Tarique, but no decision on meeting yet: Shafiqul tells Somoy
  • Representational image: WHO
    Govt advises against non-essential travel to India amid rising Covid-19 risks

MOST VIEWED

  • On left, Abdullah Hil Rakib, former senior vice president (SVP) of BGMEA and additional managing director of Team Group; on right, Captain Md Saifuzzaman (Guddu), a Boeing 787 Dreamliner pilot for Biman Bangladesh Airlines. Photos: Collected
    Ex-BGMEA SVP Abdullah Hil Rakib, Biman 787 pilot Saifuzzaman drown in boating accident in Canada
  • A photo showing the former president on his return to Dhaka today (9 June). 
Source: Collected
    Former president Abdul Hamid returns to Bangladesh from Thailand
  • File Photo: British MP Tulip Siddiq attends a news conference with Richard Ratcliffe, the husband of jailed British-Iranian aid worker Nazanin Zaghari-Ratcliffe, in London, Britain October 11, 2019. Photo: REUTERS/Peter Nicholls/File Photo
    Tulip requests CA Yunus for a meeting over corruption allegations: Guardian
  • Representational image. Photo: Reuters
    Bangladesh reports 3 more Covid-19 cases
  • Muhammad Yunus (L) and Narendra Modi. Photo: Collected
    Modi sends Eid-ul-Adha greetings, Yunus calls for continued bilateral cooperation
  • Photo: Reuters
    Trump says Musk relationship over, warns of 'serious consequences' if he funds Democrats

Related News

  • Bangladesh reports 5 more Covid-19 cases
  • BNP to stay on streets until Dec election demand met: Gayeshwar
  • DMTCL urges Metro passengers to wear masks amid rising Covid-19 cases
  • DMP conducts special security drill ahead of Bangladesh-Singapore football match
  • No govt did more to protect leather industry than the interim govt: Commerce adviser

Features

File photo of Eid holidaymakers returning to the capital from their country homes/Rajib Dhar

Dhaka: The city we never want to return to, but always do

10h | Features
Photo collage shows political posters in Bagerhat. Photos: Jannatul Naym Pieal

From Sheikh Dynasty to sibling rivalry: Bagerhat signals a turning tide in local politics

2d | Bangladesh
Illustration: TBS

Unbearable weight of the white coat: The mental health crisis in our medical colleges

5d | Panorama
(From left) Sadia Haque, Sylvana Quader Sinha and Tasfia Tasbin. Sketch: TBS

Meet the women driving Bangladesh’s startup revolution

5d | Panorama

More Videos from TBS

The forbidden point on Cox's Bazar beach is like a death trap

The forbidden point on Cox's Bazar beach is like a death trap

1h | TBS Today
Israeli forces seize Gaza aid boat carrying Greta Thunberg

Israeli forces seize Gaza aid boat carrying Greta Thunberg

3h | TBS World
Which way will the anti-immigration campaign in Los Angeles turn?

Which way will the anti-immigration campaign in Los Angeles turn?

3h | TBS World
CA leaves for London this evening on four-day official tour

CA leaves for London this evening on four-day official tour

5h | TBS Today
EMAIL US
contact@tbsnews.net
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Advertisement
  • Privacy Policy
  • Comment Policy
Copyright © 2025
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - oped.tbs@gmail.com

For advertisement- sales@tbsnews.net