UCB gets new Managing Director

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Business Desk :

Mohammad Mamdudur Rashid has recently been appointed as the Managing Director & CEO of United Commercial Bank PLC.

Mamdud brings three decades of experience in the financial services sector, having most recently served as Managing Director & CEO of NCC Bank PLC, where he played a pivotal role in driving the bank’s growth, expanding its foreign trade portfolio, and enhancing its reputation in the banking industry, according to a press release.

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Under his leadership, NCC Bank achieved several milestones, including recognition as the Best Primary Dealer by Bangladesh Bank and being awarded as the Fastest Growing Brand in 2023 by Global Brand Magazine. His strategic direction also led to the successful introduction of Islamic Banking.

Mamdud’s distinguished banking career began in 1995 with Citibank-Bangladesh and spans leadership roles across Bangladesh, India, and Australia. His expertise covers a broad range of functions, including Business, Credit, Finance, Risk, Operations, Compliance, Human Resources, and General Services.

In previous roles, Mamdud served as Additional Managing Director at both UCB and BRAC Bank. At BRAC Bank, he led Wholesale Banking and held senior positions such as Strategic Head for SME business and Chief Financial Officer. During his 15-year tenure with Citibank, he was Head of Strategic Planning for Citibank’s institutional banking business in Australia and New Zealand and served as Chief Operating Officer for Citibank-Bangladesh.