The Ministry of Finance issued a notification on the day

The government on Sunday appointed Prof Shibli Rubayat Ul Islam, dean of the Faculty of Business Studies at Dhaka University, as the new chairman of Bangladesh Securities and Exchange Commission (BSEC) for the next four years.

The Ministry of Finance issued a notification on the day.

The notification says Shibli Rubayat Ul Islam has been made chairman as per section 5 and 6 of the Bangladesh Securities and Exchange Commission Rules-1993.

It says the appointment will come into effect from the date of his joining the office.

Professor Shibli Rubayat is also the Chairman of Sadharan Bima Corporation. He has been in the field of finance and banking education for more than last two decades.

On Thursday, the tenure of the longest serving chairman of the BSEC Professor M Khairul Hossain ended.

Khairul has returned to his original position of a professor at Dhaka University. He is a professor at the Department of Finance.

Meanwhile, the BSEC has been facing quorum crisis in its commission meeting since May 4.

The commission consists of a chairman and four commissioners. The quorum of the commission meeting requires the presence of the chairman and two commissioners. BSEC have a commissioner till Sunday.

Professor Helal Uddin Nizami completed his tenure as a commissioner on May 3. Before, Swapan Kumar Bala completed his four-year tenure as a commissioner on April 15, 2020 and returned to his original position of a professor at Dhaka University.

sunbd/sks