SEC likely to get its chairman in three days

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FE Report
The Investment Corporation of Bangladesh (ICB) managing director Md Ziaul Haque Khondker opted for voluntarily retirement Wednesday.
His resignation paved the way for his appointment as the seventh chairman of the Securities and Exchange Commission (SEC) by the government for a three-year term, sources said.
The government is likely to issue the order appointing Mr Zia as the head of the capital market watchdog within two or three days. The appointment is learned to have obtained the approval of the Prime Minister and the President.
Mr Zia, who obtained Honours and Masters degrees from Dhaka University in 1973 and 1974 respectively, will be the first chairman of the commission who began his career in the capital market as a research officer in the state-owned ICB in 1977.
In 1996, he was promoted and transferred to Bangladesh Shilpa Rin Sangstha as its general manager.
Again in 1998, he returned to the ICB as general manager and in 2000 he was promoted to the post of managing director of the ICB.
His appointment as new head of the SEC comes as the post fell vacant with the retirement of Faruq Ahmad Siddiqi on March 19 last.
Mr Siddiqi took over as the sixth chairman of the SEC on March 15 in 2006.