Selim R. F. Hussain, Managing Director (MD) and Chief Executive Officer (CEO) of BRAC Bank, has resigned citing personal reasons.
The bank's Board of Directors has accepted his resignation and forwarded it to Bangladesh Bank for approval.
On Tuesday, Hussain confirmed his resignation, stating it was for personal reasons.
“I have submitted my resignation to the Board, and they have accepted it. It will now be sent to Bangladesh Bank for approval. I hope they will accept it too,” said Selim R. F. Hussain. “There is no external pressure or internal issue here. I have resigned purely for personal reasons — nothing else.”
Addressing the bank’s employees in a farewell letter regarding his resignation, he wrote:
“Dear colleagues, all good things must come to an end, and in that spirit, my time at BRAC Bank is drawing to a close. I have submitted my resignation to the Chairman and the Board of Directors. While some formalities and processes remain, I don’t foresee any issues. Today will likely be my last working day at BRAC Bank. It has been a great honor to work with you all for nearly ten years. Together, we have built a remarkable institution that has become a model in the country’s banking sector.”
The letter further stated:
“I firmly believe that BRAC Bank will continue to progress and play an increasingly important role in the country's economy and society. I wish each of you greater success and advancement in your personal and professional lives. I also wish you and your families good health and prosperity. Please keep me and my family in your prayers.”
BRAC Bank confirmed that Selim R. F. Hussain’s resignation has been accepted and sent to Bangladesh Bank for approval.
Notably, Selim R. F. Hussain joined BRAC Bank as MD in 2015 and served in the position for nearly a decade.
Currently, Tareq Refat Ullah Khan, Deputy Managing Director and Head of Corporate and Institutional Banking, is serving as the Acting MD of the bank.
