Md Nazmus Saadat promoted to DMD of Social Islami Bank
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- - Newsroom -
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- 30 October, 2024
Social Islami Bank PLC (SIBPLC) has appointed Md Nazmus Saadat as its new Deputy Managing Director. With a distinguished career spanning 27 years, Mr Saadat brings a wealth of experience in Islamic banking and financial services to his new role, according to a media statement Wednesday.
Mr Saadat began his journey in 1995 as a probationary officer at Islami Bank Bangladesh Limited, where he excelled in various departments over a 12-year tenure, including the local office and the Foreign Exchange Branch. He later showcased his leadership at Al-Arafah Islami Bank, managing the Dilkusha and Motijheel Branches, as well as overseeing the Marketing and Business Development Division and the Corporate Investment Division at the Head Office.
Since joining Social Islami Bank in 2014, Mr. Saadat has effectively led the Investment Risk Management Division and served as the Manager of the Principal Branch, demonstrating exceptional talent and strategic vision.
After the takeover of the bank by S Alam Group in 2017, Mr Saadat resigned from Social Islami Bank in 2020 to avoid potential complications. Subsequently, he worked as a financial advisor for Monno Group and served as an Independent Director and Chairman of the Audit Committee for Monno Fabrics Limited and Monno Agro and General Machinery.
The landscape changed on August 5, 2024, when the bank was liberated from S Alam Group's control, prompting Bangladesh Bank to restructure the bank's board. The newly formed board recognised Mr Saadat's skills and appointed him as Senior Executive Vice President (SEVP), placing him in charge of the Managing Director’s Secretariat and Investment Wing. His exceptional qualifications led to his promotion to Deputy Managing Director.
Mr Saadat holds both a Bachelor’s (Honours) and a Master’s degree in Islamic Studies from the University of Dhaka, along with an MBA in Finance and Banking from the University of Information Technology and Sciences.
Committed to professional development, he has participated in numerous international banking workshops across Malaysia, China, Saudi Arabia, the UAE, Singapore, Thailand, Nepal, and India. With a steadfast dedication to the values of Social Islami Bank, Mr Saadat is poised to lead the institution toward long-term success.
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