Asif Ibrahim new chairman of CSE

The Board of Directors of the Chittagong Stock Exchange Ltd. (CSE) has elected Mr. Asif Ibrahim as Chairman of the bourse in line with the Exchanges Demutualization Act, 2013.

All the Independent Directors and Shareholder Directors of the Exchange unanimously elected him for the next three years at a board meeting held on Tuesday, said a statement.

Mr. Ibrahim will replace Maj Gen (Retd.) Mohammad Shamim Chowdhury, nwc, psc.

Asif Ibrahim was born in Dhaka, Bangladesh in the year 1965. He received his formal education from the University of Delhi (India) and the University of North Texas (USA).

Mr. Ibrahim is the Vice Chairman of Newage Group of Industries, a business house involved mainly in manufacturing and exporting ready-made garments, textiles and plastic products. The Ministry of Commerce of the Government of Bangladesh awarded him the Commercially Important Person (CIP) status in the year 2007, 2012 and 2014 for his contribution in national export.

Mr. Asif Ibrahim is the former President (2011-2012) of Dhaka Chamber of Commerce and Industry (DCCI), the largest SME trade body of Bangladesh. He is the former Founder Chairman (2012-2015) of Business Initiative Leading Development (BUILD), a Public Private Dialogue platform to expedite the policy reforms to enable private sector led economic growth of Bangladesh.