SEC gets two more members

The government yesterday appointed two more members to the Securities and Exchange Commission (SEC) for three years.
The newly appointed members are Md Amzad Hossain, a former executive director of the Bangladesh Bank, and Arif Khan, managing director of Zenith Investment Ltd and former deputy managing director of IDLC Finance Ltd.
Earlier on May 2, Helaluddin Nizami, a professor of accounting and information system at Chittagong University, was chosen as a member of the stockmarket regulator for three years.
The government on May 15 also appointed M Khairul Hossain, a professor of finance at Dhaka University, as the SEC chairman.
The appointments were made as part of the restructuring process of the SEC as announced by the finance minister while publishing the full probe report on the recent anomalies in the share market.
With the appointments of the two new members, it is now expected that the SEC would start policy-level regulatory works that came to a halt due to a quorum crisis after the resignation of the immediate past chairman and three members.
Amzad Hossain completed his master's degree in management from Rajshahi University in 1978. He joined the Bangladesh Bank as an officer in 1981.
Before retiring from the central bank this year, he served the Bangladesh Bank's foreign exchange department as deputy-general manager and general manager. He also served the central bank's inspection department as executive director.
After obtaining his master's degree in finance and banking from Dhaka University in 1991, Arif Khan started his career as a banker with AB Bank. He joined IDLC Finance in 1996 and here he served for 15 years.
In the meantime, he completed FCMA (Fellow of Institute of Cost and Management Accountants of Bangladesh) in 1999 and CFA (Chartered Financial Analyst) from the USA in 2001.
He also obtained an MBA from the Institute of Business Administration, Dhaka University, in 2005.
After leaving IDLC Finance as deputy managing director, Khan joined Zenith Investment Ltd as its managing director and chief executive officer this year.