News Desk: Capital Market Stabilization Fund (CMSF) has joined as the first Chief of Operations. Monwar Hossain.
He took over the post after the Bangladesh Securities and Exchange Commission (BSEC), the regulator of the capital market, approved the appointment of Monwar Hossain.
Welcoming Monowar Hossain, CMSF Chairman and former Chief Secretary to the Prime Minister. Najibur Rahman said that Monwar has brought a lot of relevant experience with him, which will help us in fulfilling our ongoing activities and CMSF mandate in general.
Companies listed on the stock market have huge amounts of money in their long undistributed dividends. To use this money together for the development of the market, BSEC formed a special fund called 'Capital Market Stabilization Fund'.
At the same time, the Capital Market Stabilization Fund Rules, 2021 were published in the form of Gazette. A 10-member committee has been formed to manage the fund as per its rules.
Monwar is a professional accountant. Chief Financial Officer (CFO) of the state-owned Agrani Bank Limited. He was the Head of ICC at Agrani Bank, GM (Risk Management), GM (Training Institute), GM (Khulna Circle), Head of Treasury Invoice Cell.
In his long career of 25 years, he has been a Consultant (Office of the Chief Accountant) of Bangladesh Securities and Exchange Commission, General Manager (ICC) at Rupali Bank, CGFRC Head of Dhaka Stock Exchange, Brumer & Partners and many other nationals in SGS (Bangladesh). Performed duties.
Monwar is the first COO of CMSF, a Chartered Accountant, Cost and Management Accountant, Chartered Secretary, Certified Information Systems Auditor, Chartered Public Finance and Accountant, Certified General Accountant. He is the co-founder of the Foundation of Chartered Taxation of Bangladesh, a non-profit organization for tax education and tax research.