Shibli becomes new BSEC chair

Staff Correspondent | Published: 21:23, May 17,2020


Shibli Rubayat Ul Islam

The government on Sunday appointed Shibli Rubayat Ul Islam, the dean of Dhaka University’s Faculty of Business Studies, as chairman of the Bangladesh Securities and Exchange Commission for the next four years.

Financial Institutions Division of the finance ministry issued a notification in this regard on the day.

Shibli got the appointment as M Khairul Hossain, the longest serving chairman of the stock market regulator, finished his tenure on May 14 after joining the BSEC on May 14, 2011.

Asked, Shibli told New Age that he joined the commission on Sunday.

He said that as chairman of the regulator he would put emphasis on governance issues of the country’s stock market.

Shibli said that he would also diversify products on the stock market.

He would launch bonds, derivatives and other necessary products to reduce pressure on the country’s banking sector for financing.

The government would also appoint three commissioners to the BSEC as Swapan Kumar Bala and Helal Uddin Nizami had completed their tenure as commissioners in recent weeks, while another post of commissioner has remained vacant for more than a year.

DU banking and insurance department chairman Shibli additionally served state-owned reinsurer Sadharan Bima Corporation as its board chairman.

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