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).
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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