Shibli Rubayat-Ul-Islam reappointed as BSEC chief

Prof Shibli Rubayat-Ul-Islam has been reappointed as the chairman of the Bangladesh Securities and Exchange Commission (BSEC) for another four-year term.

The new tenure will be effective from May 17, according to a notice issued by the Financial Institutions Division today.

The extension comes ahead of the expiry of his current tenure scheduled for May.

A professor of banking and insurance at the University of Dhaka, Islam served as the chairman of Sadharan Bima Corporation before he joined the BSEC in 2020 as chairman.

The benchmark index, DSEX on the Dhaka Stock Exchange, rose 97.36 points, or 1.76 percent, to close the day at 5,615.84, snapping the previous week's downturn.