Nazmus Saadat becomes acting MD of Social Islami Bank

Md Nazmus Saadat has taken charge as acting managing director of Social Islami Bank PLC.

Prior to his new role, Saadat was serving the bank as a deputy managing director, the bank said in a press release.

In 2014, he joined Social Islami Bank PLC and assumed key roles, including leading the investment risk management division and serving as manager of the principal branch.

His keen strategic insight and dedication earned him widespread respect and recognition within the bank.

He started his professional banking career at Islami Bank Bangladesh Limited as a probationary officer in 1995 and served there for more than 12 years, excelling in various departments of the local office and foreign exchange branch.

Demonstrating his capacity for leadership, he advanced to head multiple divisions, including the marketing and business development division and corporate investment division.

He previously worked for Islami Bank Bangladesh, Al-Arafa Islami Bank and Social Islami Bank for more than 27 years.

However, following a takeover by S Alam Group in 2017, he opted to resign in 2020 to uphold his values and integrity.

A pivotal change occurred in August 2024, when the Bangladesh Bank restructured Social Islami Bank's board, freeing the institution from external control.

Recognising Saadat's expertise and steadfast dedication, the newly-appointed board brought him back as a senior executive vice-president.

He was entrusted with the responsibilities of heading the managing director's secretariat and the investment wing.

Soon thereafter, his exemplary service and vision led to his promotion to deputy managing director and considering his skills and qualifications, the board of directors appointed him as the managing director (acting) of the bank.