Premier Bank, one of the country’s prominent private commercial banks, has witnessed a significant leadership transition over the past few days. Following Managing Director (MD) and Chief Executive Officer (CEO) Mohammad Abu Zafar’s decision to go on leave last Thursday, the bank appointed its Deputy Managing Director (DMD), Niamat Uddin Ahmed, as the acting MD. The decision was formally approved by the board on Sunday, marking the commencement of his new responsibilities.
Speaking to Prothom Alo on Monday night, Ahmed confirmed the development, saying that the bank had authorised him to take charge as acting MD. “I intend to perform my duties with utmost sincerity. My focus will remain on upholding the bank’s integrity, ensuring quality service delivery, and working closely with all stakeholders,” he added.
According to senior officials of the bank, Ahmed brings with him nearly 28 years of extensive experience in the banking sector. Since joining Premier Bank in 2017, he has worked across several core departments including corporate banking, credit risk management, operations, and retail banking. Prior to this, he served at several well-known institutions: United Commercial Bank (UCB), Social Islami Bank, Shahjalal Islami Bank, Standard Bank, and Al-Arafah Islami Bank.
Academically, Ahmed holds a Master’s degree from the University of Dhaka’s Department of Islamic History, completed in 1993. In 2024, he further strengthened his professional credentials by obtaining an MBA from Eastern University. Born in Khulna in 1969, Ahmed is also known for his role as a trainer at Premier Bank’s Learning and Training Development Centre, where he specialises in leadership development, modern banking operations, and risk management.
The recent changes come against the backdrop of a broader shift within Premier Bank’s governance. Under the chairmanship of HBM Iqbal, Mohammad Abu Zafar was appointed as MD and CEO on 24 April 2024. However, following the fall of the Awami League government on 5 August 2024, Iqbal was unable to return to the bank. Subsequently, on 21 August, founding vice-chairman Arifur Rahman assumed the position of chairman.
Industry analysts believe that this latest leadership reshuffle could usher in a phase of renewed focus on digital innovation, stronger risk governance, and customer-centric services. With Ahmed at the helm in an acting capacity, the bank is expected to stabilise its internal operations while exploring opportunities for strategic growth.