Asif Ibrahim new CSE chairman

Asif Ibrahim has been elected as the chairman of the Chittagong Stock Exchange Ltd (CSE). Independent and shareholder directors of the exchange unanimously elected him for the next three years at a board meeting on Tuesday.

Asif Ibrahim will replace Maj Gen (retd) Mohammad Shamim Chowdhury.

Earlier, the Bangladesh Securities and Exchange Commission (BSEC) approved a new board of directors. As per the BSEC approval, Professor SM Salamat Ullah Bhuiyan and SM Abu Tayyab will continue as independent directors for another period.

Meanwhile, M Abdul Malek, Sohail Mohammed Shakoor, Md Liaquat Hossain Chowdhury, Asif Ibrahim and Barrister Anita Ghazi Islam have been nominated afresh as CSE independent directors.

Asif Ibrahim received his formal education from the University of Delhi and the University of North Texas. He 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.