Osman Ershad Appointed New MD of Dhaka Bank

Osman Ershad Foyez has officially assumed the role of Managing Director (MD) of Dhaka Bank PLC, commencing his duties on Sunday, 11 January. The appointment is being hailed by the bank’s leadership as a strategic step aimed at strengthening corporate governance, expanding technology-driven banking services, and securing sustainable long-term growth. This leadership change marks a significant milestone for one of Bangladesh’s leading private-sector banks.

A formal notification issued on Monday, 12 January, via the Dhaka Stock Exchange confirmed that Bangladesh Bank had approved Osman Ershad Foyez’s appointment on 18 December. Following this, the bank’s Board of Directors ratified the decision, granting him the authority to assume office the same day. Bank sources emphasised that the entire process adhered strictly to governance standards and regulatory frameworks.

With over three decades of experience in both local and international banking and finance, Osman Ershad Foyez brings extensive expertise to his new role. Prior to joining Dhaka Bank, he served as Deputy Managing Director and Chief Operating Officer at Eastern Bank PLC, where he enhanced operational efficiency, strengthened risk management frameworks, expanded digital banking services, and improved customer service standards.

His international career is equally distinguished. He previously held the positions of Managing Director and CEO at Standard Chartered Bank, Singapore, where he oversaw multinational operations, navigated complex regulatory environments, and supervised the development of modern banking services. Foyez began his professional journey in 1993 as a management trainee at American Express and has held key roles in global fintech and digital banking platforms, equipping him with significant expertise in technology-driven transformations.

Academically, he holds an MBA from Aligarh Muslim University and has completed advanced management and leadership training at INSEAD and the University of Oxford’s Saïd Business School. In recognition of his contributions to technology and IT management, he was awarded the Legend Award at the World CIO 200 Summit in 2023. His initiatives promoting gender equality, leadership opportunities for women, and inclusive corporate culture have also drawn international acclaim.

The bank’s Board expressed optimism that under Foyez’s leadership, Dhaka Bank will accelerate its digital transformation, enhance customer service, and achieve new growth momentum both domestically and internationally, while maintaining robust risk management and regulatory compliance.

Profile of Osman Ershad Foyez

Osman Ershad Foyez’s appointment aligns with Dhaka Bank PLC’s vision of innovative and sustainable banking, reinforcing the institution’s position as a forward-looking and responsible player in Bangladesh’s financial sector.