Rashid made MD of Eastern Bank

Hassan O Rashid has been appointed as the managing director of Eastern Bank PLC (EBL).

Prior to this appointment, he served as chief executive officer of Prime Bank PLC, according to a press release.

With over 31 years of professional experience in both local and multinational banks, he brings extensive leadership expertise across diverse banking domains.

He previously worked at Crédit Agricole Indosuez, HSBC and Standard Chartered Bank in various capacities.

Rashid is widely recognised for his strong track record in transformation, innovation and strategic leadership. During his earlier tenure at EBL as additional managing director (2015-2021), Rashid played a pivotal role in strengthening the bank’s position as a leading financial institution.

He currently serves as vice-chairman of the Association of Bankers, Bangladesh.

Under his leadership, EBL doubled its balance sheet, significantly expanded its trade finance portfolio and introduced pioneering financial instruments such as commercial papers and zero-coupon bonds.

Over the course of his career, he has been instrumental in financing landmark infrastructure projects, developing SME banking into a key growth engine and enhancing operational risk management frameworks.

Rashid obtained his bachelor’s degree in economics and business administration from Capital University, US, and a master’s degree in international management from the Garvin School of International Management, Thunderbird, US.