Standard Islami Bank (SIBL) PLC has appointed banking professional Riad Mahmud Chowdhury as its new Managing Director, the bank said in a press statement, marking a leadership change aimed at strengthening its Shari’ah-based banking operations in Bangladesh. Chowdhury, who previously served as Deputy Managing Director and Head of Corporate Banking at Eastern Bank, brings more than 26 years of experience in corporate banking, credit management and Islamic finance development.
He began his banking career in 2000 as a Senior Officer at IFIC Bank and later worked at AB Bank before joining Eastern Bank in 2004, where he held senior leadership roles. Over the course of his career, he has managed large corporate portfolios, worked on non-performing loan recovery strategies, developed Islamic banking frameworks and contributed to digital cross-border trade solutions.
The bank said Chowdhury has consistently demonstrated strong leadership, strategic vision and innovation throughout his professional journey. His work has been recognised for its focus on strengthening corporate banking structures and introducing modern financial solutions across institutions he has served.
Academically, Chowdhury holds a B.Com and M.Com in Finance from the University of Dhaka, as well as an MBA in Finance from the Institute of Business Administration (IBA), University of Dhaka. He also holds internationally recognised certifications in Commercial Credit Analysis from Moody’s and Omega Corporation in the United Kingdom.
The board of Standard Islami Bank expressed confidence that under Chowdhury’s leadership, the institution will achieve new milestones and further strengthen its position as a leading Shari’ah-based financial institution in Bangladesh, according to the statement.
The appointment comes as the bank seeks to expand its footprint in Islamic banking services and enhance its competitiveness in the country’s growing financial sector.
