Siddiqur Rahman takes charge as acting MD of Standard Bank

Md Siddiqur Rahman, deputy managing director and chief operating officer of Standard Bank PLC, has taken charge as the bank’s managing director (acting).

Rahman joined the shariah-based bank as deputy managing director in August 2023, according to a press release.

Prior to joining Standard Bank, he served as deputy managing director, chief risk officer (CRO) and chief anti-money laundering compliance officer (CAMLCO) at Islami Bank Bangladesh PLC.

During his 31-year career at Islami Bank Bangladesh, Rahman made contributions to the institution’s business growth and overall development. He is accredited by the Paris-based International Chamber of Commerce (ICC) and the UK-based Institute of Financial Services (IFS) as a Certified Documentary Credit Specialist (CDCS) in international trade finance.

With more than three decades of experience in Islamic banking, Rahman also obtained a certified shariah advisor and auditor (CSAA) fellowship from the Bahrain-based Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI). Rahman earned his bachelor’s and master’s degrees in public administration from the University of Dhaka and later completed an MBA.

To further enhance his professional skills, he completed the Diploma in Associate of the Institute of Bankers, Bangladesh (DAIBB) and obtained a Diploma in Islamic Banking (DIB) from the Islamic Banking Training and Research Academy (IBTRA).