Ahmed Rashid has recently joined BRAC Bank Limited as Head of Credit Risk Management (CRM).
Rashid brings more than 20 years of diversified experience in the Bangladesh financial sector. He started his banking career as a Management Trainee with Eastern Bank (EBL) in 1999. In EBL, he worked in various positions in Credit Risk Management & Consumer Finance for 10 years. In 2009, he moved to SME Banking in EBL as the Head of Medium Business. In 2011, Rashid joined International Finance Corporation (IFC) as a Financial Market Specialist. In Advisory Services across South Asia, he led various sectorial projects in SME Banking, Weather Based Index Insurance, Risk Management &Agri-Finance in Bangladesh, Bhutan and Nepal.
In 2014, he joined Mutual Trust Bank (MTBL) as an EVP and Head of SME Banking. In 2015, Rashid joined IDLC Finance Ltd. as a General Manager and Head of the SME Division. At IDLC, he was also a nominated Director in IDLC Securities Ltd. and IDLC Investment Ltd.
He completed his Masters in Bank Management (MBM) in 1998 from Bangladesh Institute of Bank Management (BIBM).
Commenting on his appointment, BRAC Bank’s Managing Director and CEO Selim R. F. Hussain said: “Ahmed Rashid will significantly strengthen both our Risk Management Division and the broader management structure. His immediate focus will be to review and re-organize the SME & Retail Underwriting functions in order to improve risk management and process efficiency and migrate the same to Digital Lending platforms. I am confident he will lead the CRM function to new heights in their contribution towards the Bank’s overall journey towards becoming the Best Bank in Bangladesh.”
About BRAC Bank Limited:
BRAC Bank Limited, traded as ‘BRACBANK’ on Dhaka Stock Exchange, has been one of the country’s fastest growing banks since its inception in 2001, with particular focus in the SME segment. With 187 branches, 460 ATMs, 456 SME Unit Offices and a workforce of more than 8,000 people, BRAC Bank also services customers across the Corporate and Retail segments in the banking industry. The bank has generated particularly strong financial performance over the past four years and now leads the industry in most financial metrics. With more than 1.1 million customers, the bank has already proved to be the largest collateral free SME financier in just 18 years of its operation in Bangladesh and continues to serve as a benchmark for governance, transparency and compliance in the banking sector.