Business & Economy
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UCB’s MD Arif Quadri resigns

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Business Report :

Arif Quadri, managing director and CEO of United Commercial Bank (UCB), formally resigned from his post on Wednesday.

He had been absent from office ever since the Sheikh Hasina-led Awami League government was ousted by a mass uprising on August 5.

In his place, Syed Faridul Islam, additional managing director of the private commercial bank, was given the responsibility of managing director (in charge).

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Officials of the bank said that Quadri is now staying in Canada.

The board of directors of the bank accepted the resignation letter in a meeting on Wednesday, UCB Chairman Sharif Zahir says.

In December 2021, Quadri was appointed as managing director and CEO of UCB.

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