The Board of Directors of the Chittagong Stock Exchange Ltd. (CSE) elected Dr. A. K. Abdul Momen as Chairman of the Exchange in line with the Exchanges Demutualization Act, 2013.
All the Independent Directors and Shareholder Directors of the Exchange unanimously elected him for the next three years at a Board meeting held on 25 February, 2017. Dr. Momen will replace Dr. Mohammad Abdul Mazid as the CSE Chairman.
Earlier, Bangladesh Securities and Exchange Commission (BSEC) approved a list of seven independent directors as the tenure of the incumbents on the CSE Board expired on 12 February, 2017. As per the BSEC approval, Prof. Mamtaz Uddin Ahmed, FCMA, Dr. Mohammad Ayub Islam and Dr. Moinul Islam Mahmud will continue as Independent Director for another period of three years. While, Dr. A. K. Abdul Momen, Major General Mohammad Shamim Chowdhury, nwc, psc (Retd.), Prof. S. M. Salamat Ullah Bhuiyan and Mr. Pradip Paul, FCMA, FCA are nominated afresh as Independent Director of CSE.
Dr. A. K. Abdul Momenis the former Ambassador and Permanent Representative to the United Nations. He was the President of the United Nations High-Level Committee on South-South Cooperation. He served as President of the UNICEF Executive Board at the international level. He was Vice President and Acting President of the 67th United Nations General Assembly. He was also Chair of Peace Building Commission of the UN. Prior to joining the United Nations, Dr. Momen was the Chairman of the Business Administration and Economics Department at the Framingham State University in Massachusetts. He also served as an Economic Adviser, under the Saudi Ministry of Finance and National Economy prior to the bombing in Riyadh in 2003. Dr. Momen was a faculty member in Merrimack College, the Salem State College, the Northeastern University, the University of Massachusetts, Cambridge College and the Kennedy School of Government, Harvard University and the Massachusetts School of Technology. He also worked as an economist at the World Bank, Washington D. C. Prior to his journey to the Harvard University as a Ford Foundation and Mason Fellow to pursue higher education in 1978, he worked in the Bangladesh government service under different ministry. Dr.Momen is a writer and an activist. He has written four books and published over 250 papers and articles. He has a PhD in economics and an MBA in Business Administration from the Northeastern University (Boston) and an MPA in Public Administration, Public Policy and International Economics from the Harvard University (Cambride), a LLB in Law, an MA in development economics and a BA from the University of Dhaka.