Nazmus Saadat takes charge as Managing Director (Acting) of Social Islami Bank

Md. Nazmus Saadat has taken the charge of Managing Director (Acting) of Social Islami Bank PLC. He has also served as a Deputy Managing Director of the Bank. He has served Islami Bank Bangladesh, Al Arafa Islami Bank and Social Islami Bank for more than 27-year with reputation. He started his banking journey in 1995 as a probationary officer at Islami Bank Bangladesh Limited (IBBL), and served there over 12 years excelling in various departments of the Local Office & Foreign Exchange Branch. He also served as the Manager of Dilkusha and Motijheel branch of Al Arafa Islami Bank. Demonstrating his capacity for leadership, he advanced to head multiple divisions, including the Marketing & Business Development Division and the Corporate Investment Division.

In 2014, he joined Social Islami Bank PLC (SIBPLC) and assumed key roles, including leading the Investment Risk Management Division and serving as Manager of the Principal Branch. His keen strategic insight and dedication earned him widespread respect and recognition within the bank. However, following a takeover by the S Alam Group in 2017, he opted to resign in 2020 to uphold his values and integrity.

A pivotal change occurred in August 2024 when Bangladesh Bank restructured Social Islami Bank’s Board, freeing the institution from external control. Recognizing Mr. Saadat’s expertise and steadfast dedication, the newly appointed Board brought him back as Senior Executive Vice President (SEVP). He was entrusted with the responsibilities of heading the Managing Director’s Secretariat and the Investment Wing. Soon thereafter, his exemplary service and vision led to his promotion to Deputy Managing Director and Considering his skills and qualifications, the Board of Directors has appointed him as the Managing Director (Acting) of the Bank.