Shimanto Bank signs MoU with Kay Kraft to offer discounts on credit card purchases— March 26, 2023
RN Desk: Shimanto Bank Ltd recently signed a Memorandum of Understanding (MoU) with Kay Kraft at the bank’s head office….
Mr. A. Quadir Chowdhury, a well-experienced banker-turned leasing and capital market personality is currently carrying out his responsibility as the Managing Director and Chief Executive Officer (CEO) of Phoenix Securities Ltd. After completion of his Masters in History in 1963 from Dhaka University, he started his career as a banker in 1965 with the erstwhile Untied Bank Ltd (UBL), now Janata Bank, where he rose to the position of general Manager in 1993 and was transferred to House Building Finance Corporation (HBFC) where he contributed significantly towards revamping the corporation. He is perhaps the only person in the banking sector who has combined in himself rare blending of banking, housing finance, leasing, capital market financing and investment. He also worked with Agrani Bank as a General Manager till voluntarily retiring in 1995 and switched over to more challenging leasing career and headed Phoenix Leasing Company Ltd. (Subsequently renamed as Phoenix Finance & Investment Ltd.) as the Founding Managing Director which Position he held for long 12 years, finally retiring from the industry in 2007. Mr. Chowdhury was also Chairman of Bangladesh Leasing and Finance Companies Association (BLFCA) during which period he played a Pivotal role in popularizing leasing industry in Bangladesh and received host of Awards from different socio-economic and cultural organizations.
He was also Vice-President for Bangladesh in the Asian Leasing Association (ALA) for consecutive two terms 2000-2002 and 2002-2004. Mr. Chowdhury was also elected as Vice-Chairman of ADFIMI, an Association of Development Finance Institutions of the Member countries of the Islamic Development Bank, IDB held in Kuwait in 2006 for a term of two years 2006-2007. ADFIMI is an International Organization comprising of 59 member institutions of 21 countries of the Muslim World with Headquarter in Istanbul, Turkey. He was also a Consultant for Small and Medium Size Enterprises (SMEs) and Trainer of Business Advisory Service (BAS) of the Dhaka Chamber of Commerce Industries. He was also a member of different Standing Committees of FBCCI. As a member of National Task Force formed by Bangladesh Enterprise Institute, a National Think-Tank under the aegis of the World Bank for formulating Code of Corporate Governance for Bangladesh Mr. Chowdhury had a significant role in codifying the book. He is also a member of Finance & Planning Committee of Dhaka Stock Exchange Ltd. and also a corporate member of Dhaka Stock Exchange & Chittagong Stock Exchange Ltd.
Mr. A. Quadir Chowdhury is also a creative writer. Alongside his professional responsibilities, he wrote may articles on different national issues in The Financial Express, Daily Star, Bangladesh Observer, Daily Ittefaq, Daily Janakantha and many top ranking dailies & weeklies on regular basis. He has also authored a book on Bangladesh Economy titled “Bangladesher Arthonity: Khola Cokhey Dekha” which has been highly acclaimed by all quarters as a good read. He was selected by the World Bank for presenting a ‘Key Note Paper’ on “Urban Transport Financing: Issues, Problems & Options” in an International seminar held in Dhaka, jointly sponsored by BRTA, Ministry of Communication, Bangladesh Bank and the World Bank in February 1999 which was highly acclaimed in many quarters. The paper set clear road map for modernizing the transport service facilities including introduction of Taxicab Service in Dhaka city. For his bold and dynamic initiative, the first meterized Taxi Cap financing project was initiated by Phoenix Leasing Company making a major breakthrough in the transport sector of the city and meeting a long felt demand of the city dwellers.
He is one of the sponsors of Phoenix Securities Ltd. and took over charge as Managing Director of this company in April 2008. He is also associated with numbers of socio-cultural organizations. He is a life member of Dhaka University Etihash Samity, Dhaka University Alumni Association. Life Member of Sylhet Samity Uttara, Dhaka, Life Member of Sylhet Unnayan Parisad, Life Member, Jalalabad Association and also a member of Uttara Club, Dhaka. Mr. A Quadir Chowdhury received many awards in recognition of his outstanding contribution to the Society including the Industry Business Award 2003, The Financial Mirror Business Award- 2003, Sher-E-Bangla National Award- 2004, Shahid Sahrawardi Award- 2005, Begum Rokeya Shining Personality Award- 2006, Arthakantha Business Award-2006, Bishwabiddalaya Porikroma Award-2007 and BBJS Award- 2008.