MTB elects Manzur Elahi, Rashed Ahmed as chairman, vice-chairman

Syed Manzur Elahi, founding chairman of MTB and Pioneer Insurance Company Limited, has been elected as the chairman of Mutual Trust Bank PLC (MTB).

He served the bank as vice-chairman and chairman of the board executive committee for the last two years, said a press release.

Elahi is the chairman of Apex Group, Grey Advertising (Bangladesh) Ltd, Quantum Consumer Solutions Ltd, Manusher Jonno Foundation and Sunbeams School Ltd.

He is also managing director of International Publications Limited, a director of the Credit Rating Agency of Bangladesh Limited and Central Depository Bangladesh Limited, and chairman of the Board of Trustees of East West University.

Elahi obtained his master's degree in economics from the University of Dhaka.

Meanwhile, MTB's newly elected Vice Chairman Rashed Ahmed Chowdhury served as chairman of the bank's board risk management committee prior to assuming his current role.

He is also chairman of ABC Building Products Limited, and a director of Associated Builders Corporation Limited and ABC Real Estate Limited.

He is a founder trustee and former chairman of the board of trustees of Independent University, Bangladesh.

Additionally, Chowdhury is a member of the Chartered Management Institute of the UK.