Staff Reporter :
Mamoon Mahmood Shah, the Managing Director and CEO of NRB Bank, has stepped down citing personal reasons.
Mamoon’s resigned about two weeks before the contract was due to expire. His tenure was set to end on 2 February but he submitted his resignation to the bank’s chairman on 21 January.
Earlier, four bank MDs resigned last year. Among them, three MDs have been reinstated by the Bangladesh Bank.
Mamoon Mahmood sent a resignation letter to the chairman of the private commercial lender on January 21, saying he is unable to continue in his job
because of some personal reasons.
He confirmed his resignation to the journalists and said, “I was feeling discomfort at the bank, so I resigned.”
When asked for the reasons for the discomfort, he did not elaborate over the phone.
Mamoon was appointed as the managing director of the bank in February 2021.
He joined NRB Bank as additional managing director in 2019. He started his banking career as a probationary officer in IFIC Bank after graduating from the accounting department of Dhaka University.
In a career spanning over 32 years, Mamoon held important positions in various national and multinational banks.
He also served as Managing Director and CEO of ICB Islami Bank Limited, GSP Finance Company (Bangladesh) Limited, National Finance Limited. Apart from this, he has worked in various important positions in Eastern Bank, HSBC, Standard Chartered and ANZ Grindlays Bank.
According to NRB Bank’s website, Deputy Managing Director Shakir Amin Chowdhury is currently serving as the acting managing director of the bank.