Sheikh Akhter Uddin Ahmed Joins IFIC Bank as Deputy Managing Director

IFIC Bank PLC has appointed Sheikh Akhter Uddin Ahmed as its new Deputy Managing Director (DMD), with the appointment taking effect from 25th November 2025. This announcement comes after a careful evaluation process, aimed at strengthening the bank’s leadership and steering it toward its long-term strategic goals.

Mr. Ahmed is no stranger to the banking sector, having accumulated over 27 years of experience across both domestic and international markets. His career began in 1998 when he joined National Bank PLC as a Probationary Officer, embarking on a journey that would take him to various leadership roles across the banking industry. During his early years, Mr. Ahmed developed a broad understanding of banking operations, gaining expertise in general banking, credit management, foreign exchange, and remittance operations. His early training provided a solid foundation for his growth, preparing him for the complex challenges that lay ahead.

One of the defining moments of Mr. Ahmed’s career was his decision to take on the role of Chief Executive Officer (CEO) for a bank overseas. Over the next decade, he successfully led nationwide operations, expanded the bank’s branch network, and built strategic global partnerships. His leadership not only helped the bank grow in size and scale but also strengthened its position in the international market. Mr. Ahmed’s success during this period was built on his ability to adapt to changing market dynamics and his focus on sustainable growth strategies.

Upon returning to Bangladesh, Mr. Ahmed continued to build on his successful career, taking on senior leadership positions, including Deputy Managing Director and Managing Director (Current Charge) at National Bank PLC. These roles provided him with a comprehensive understanding of the local banking landscape, particularly in relation to risk management, corporate governance, and customer relationship management.

Mr. Ahmed’s appointment to IFIC Bank represents a strategic move to strengthen the bank’s leadership as it aims to enhance its position in the competitive banking sector. His vast experience, particularly in risk management, global partnerships, and operational excellence, will be instrumental as IFIC Bank works towards strengthening its service offerings and ensuring sustainable growth.

IFIC Bank’s management team is confident that Mr. Ahmed’s pragmatic approach to decision-making, coupled with his focus on performance-driven leadership, will significantly contribute to the bank’s growth objectives. His ability to build high-performing teams and foster strong stakeholder relationships aligns with the bank’s vision for growth and governance excellence.

In his new role, Mr. Ahmed will play a key part in overseeing the bank’s recovery initiatives, particularly focusing on risk management, strategic growth, and enhancing the overall customer experience. His deep understanding of the banking sector and his ability to execute strategic initiatives will be crucial in ensuring that IFIC Bank remains competitive and continues to deliver value to its stakeholders.