The Chittagong Stock Exchange has got the Bangladesh Securities and Exchange Commission approval to appoint Wali-ul-Maroof Matin, a former chief executive officer of the bourse, as its managing director. A letter of the stock market regulator issued on Tuesday said the BSEC, as per the provision of the Chittagong Stock Exchange (Board and Administration) Regulations 2013, approved the appointment.
‘The BSEC allowed us to appoint Matin as the managing director of the bourse,’ CSE chairman Muhammad Abdul Mazid told New Age on Wednesday.
The CSE on October 23 made a proposal to the BSEC to appoint Matin as its MD to replace Syed Sajid Husain, the immediate passed MD of the bourse.
The CSE board made the proposal as the bourse’s three-year contract with Sajid expired on October 31.
Matin is now working as executive vice-chairman of BetaOne Investments Limited, a merchant bank.
-With New Age input
