FE Today Logo

Lack of manpower hits ICB Capital Management operations in Ctg

Nazimuddin Shyamol | November 25, 2021 00:00:00

CHATTOGRAM, Nov 24: ICB Capital Management Limited, a subsidiary of Investment Corporation of Bangladesh (ICB) is suffering from lack of manpower affecting its functions in the port city.

Sources said, of the total 240 posts of ICB Capital Management Limited, 89 are vacant now. As per rule, ICB used to send officials for a total of 36 posts to ICB Capital Management Limited. Of these, 19 posts are vacant now.

The vacant posts are Chief Executive Officer (CEO), Deputy CEO, 7 senior executive officers, 4 executive officers and 9 senior officers. The rest posts are vacant as the promotion of the working officers are yet to be done.

The officials of ICB Capital Management Limited preferring anonymity said that the promotions of the working officers are stopped for many years.

As a result, senior posts are vacant till now. Presently, Branch Manager and Divisional Heads are working in the branches and divisional offices. But, they are not getting any promotions for many years.

As a result, the regular works of the organization are being hampered.

Talking with The Financial Express, Managing Director of ICB Mohammed Abul Hossain said, "There is no crisis of continuing the functions at ICB Capital Management Limited. However, we will fill up the vacant posts as per the rule. We will send officials by deputation as per rule. Besides, the rest vacant posts will be fulfilled by the regular promotion of the working officials and staffs."

[email protected]

Share if you like