DHAKA, Aug 27, 2024 (BSS) -Bangladesh Bank today formed a new five-member board of directors to operate the Union Bank with former Islami Bank managing director Fariduddin Ahmed as chairman.

The other members of the board are: Bangladesh Bank's former executive director Humayun Kabir; former RAKUB deputy managing director Saiful Islam; Dhaka University's Department of Banking and Insurance Professor Shahidul Islam Jahid; and Chartered accountant Sheikh Jahidul Islam, according to a central bank circular issued today.

All of the members have been appointed as independent directors with Fariduddin also getting the responsibility of the chairman.