Kh. Asadul joins Alliance Capital

Kh. Asadul Islam Ripon has been appointed as the new Managing Director and CEO of Alliance Capital Asset Management Limited (ACAML). The new MD & CEO will help further develop ACAML’s growing equities platform and expansion into diversified financial products and services offering in Bangladesh and international market. Mr. Islam has a proven track of managing and leading financial institutions with innovation. Prior to his appointment as Managing Director and CEO with ACAML he was the founding Managing Director & CEO of City Brokerage Limited, a wholly owned subsidiary of The City Bank Limited. He also held the position of Executive Vice President and Head of Brokerage of the City Bank since July 2009. Mr. Islam also led IDLC Securities Limited as its Chief Executive Officer (CEO) and played a key role in setting up the company. He began his career with Premium Securities Limited and later moved to the renowned multinational investment bank Peregrine Capital Ltd. followed by a shift to the Union Capital Limited (UCL). In 2002, he became the Director of SES Company Limited, a wholly owned subsidiary of UCL. After 18 years of work experience in Bangladesh capital market, Mr. Islam carries the ability to support, encourage and motivate colleagues and investors locally and internationally, and holds an excellent track record in generating new business as well as managing high profile client relationships, said a statement.