Prof Md Maksudur Rahman Sarker, an independent director of SBAC Bank PLC and chairman of the Department of Accounting and Information Systems at the University of Dhaka, has been appointed as the chairman of the Audit Committee of SBAC Bank PLC.

The decision was made during the 189th meeting of the bank's Board of Directors recently, according to a press release.

Sarker is a distinguished academician, researcher, and renowned accountant with expertise in the financial sector.

He is a chartered financial analyst (Level-1), awarded by the Association for Investment Management and Research (USA), and has completed a professional CMA (Cost and Management Accountant) degree from the Institute of Cost and Management Accountants of Bangladesh.

He obtained his bachelor's and master's degrees in accounting from the University of Dhaka, where he was awarded first class first in both honours and master's, and subsequently joined the department as a lecturer.

He later obtained an MBA in finance from the University of New Brunswick, Canada.