Dhaka Stock Exchange (DSE) managing director (MD) Tariq Amin Bhuiyan on Tuesday resigned from his position without completing his tenure.
DSE chairman Md Eunusur Rahman has acknowledged the resignation of Mr Bhuiyan.
"His resignation letter came to my notice after Tuesday's evening," said the DSE chairman, Mr. Rahman.
Asked about the reason of Mr Bhuiyan's departure, Mr Rahman said he might have taken the decision due to dissatisfaction.
"Going through his resignation letter, as far as I have realised that he was not able to implement some plans on his own," cited the DSE chairman. Under the circumstances, Mr Rahman predicted, he might have thought that resignation would be better.
According to DSE insiders, 127 officials of the premier bourse were promoted on Tuesday and that decision might have annoyed some board members.
Another DSE official said the promotion of a large number of officials was one of the reasons behind the MD's resignation.
"A top official has to realise the regulatory environment for the sake of proper management," the official added.
The FE failed to reach Mr Bhuiyan over cellphone despite repeated calls.
In late July 2021, Mr Bhuiyan joined the DSE as managing director for three years. He started career as a graduate trainee of ANZ Grindlays Bank Bangladesh.
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