STAR BUSINESS DESK

Eastern Bank Ltd (EBL) has reappointed Ali Reza Iftekhar as its managing director and chief executive officer for a fifth term until his retirement on April 18, 2026.

Iftekhar has been in this position since 2007, a press release said.

As CEO of EBL, Iftekhar, the longest serving business leader of the country’s banking industry, transformed the private commercial bank into one of the most valuable financial brands in Bangladesh.

He is a recipient of “CEO of the Year 2012 Award” at Asian Leadership Award programme held in Dubai.

He also led the Association of Bankers, Bangladesh (ABB), a forum of managing directors of scheduled banks, for two terms 2020-21 and 2014-2015 respectively.

He previously worked in many capacities in local private and international banks, including Banque Indosuez, Standard Chartered Bank and AB Bank during his 37-year professional career.