Hossain Khaled appointed chairman of City Bank

Hossain Khaled, a director of City Bank PLC, has been appointed as the new chairman of the bank.

The appointment was confirmed at a meeting of the bank's board of directors held at its head office in Dhaka today, according to a press release.

Khaled is a sponsor director of City Bank and previously served as its vice-chairman for seven years. He is also a member of the board's executive committee and risk management committee.

In addition, he serves as chairman of two of the bank's subsidiaries: City Brokerage Limited and City Hong Kong Limited.

He currently holds the position of group managing director at the Anwar Group of Industries.

He is a former four-term president of the Dhaka Chamber of Commerce and Industry, former co-chairman of the Bangladesh Better Business Forum, and the founding president of the Bangladesh Chapter of the Entrepreneurs' Organization.

He obtained his bachelor's degree in accounting from the University of Toledo, Ohio in the US, and did an MBA in international banking from Texas A&M University.