SCB appoints new head of Financial Markets

Muhit Rahman has recently been appointed as Head of Financial Markets (FM) of Standard Chartered Bank Bangladesh, according to a statement.

He has more than 23 years of corporate & institutional banking experience, and has been with the bank since 2005 in various leadership positions. In his last role as the Head of Financial Institutions ("FI"), he successfully led the FI business by leveraging the global network of the bank to maintain its leading position in the market.

Muhit has been involved in pioneering various Financial Markets and Transaction Banking initiatives for the FI business; including Tier-2 capital raising for banks, Zero Coupon Bonds for non-banking FIs, International Debt Syndication for Micro Finance Institutions, Structured Foreign Currency Funding and FI trade loans for banks.

He has also played a very important role for strengthening Correspondent Banking Financial Crime Compliance and Anti-money Laundering related areas of the local banking industry.

Speaking about the appointment, Naser Ezaz Bijoy, CEO, Standard Chartered Bank Bangladesh said, "I have every confidence that under his strong leadership, Standard Chartered will continue its proud heritage of being a pioneer in Bangladesh's financial markets and take FM business to new heights."

Prior to joining Standard Chartered, he worked as Director, Corporate Banking in American Express Bank in various capacities.

Muhit holds an MBA degree from Bangladesh's premier business school, Institute of Business Administration (IBA).