Osman Ershad Assumes Dhaka Bank Managing Director

Dhaka Bank PLC has formally appointed Osman Ershad Fayez as its new Managing Director, ushering in a significant leadership transition at one of Bangladesh’s leading private-sector banks. He officially assumed charge on Sunday, 11 January, with the bank describing the appointment as a strategic step aimed at strengthening corporate governance, expanding technology-driven banking services, and ensuring sustainable long-term growth in an increasingly competitive financial environment.

In a disclosure issued on Monday, 12 January through the Dhaka Stock Exchange, Dhaka Bank confirmed that regulatory approval for Fayez’s appointment had been granted by the Bangladesh Bank on 18 December. Following this approval, the bank’s board of directors formally endorsed his appointment at a board meeting, authorising him to join and assume full executive responsibilities with immediate effect. Bank officials noted that the process was completed in line with established governance and regulatory frameworks.

Osman Ershad Fayez brings more than three decades of experience in banking and financial services, spanning both domestic and international markets. Prior to joining Dhaka Bank, he served as Additional Managing Director and Chief Operating Officer at Eastern Bank PLC. During his tenure there, he played a key role in improving operational efficiency, expanding digital banking platforms, and strengthening enterprise-wide risk management systems. His leadership is widely credited with enhancing process discipline while supporting innovation and customer-focused service delivery.

His professional career also includes extensive international exposure. Fayez previously held the role of Managing Director and Chief Executive Officer at Standard Chartered Bank in Singapore, where he oversaw complex multinational operations within a highly regulated financial landscape. In addition, he has worked with global digital and technology-driven platforms, reflecting a strong orientation towards fintech-enabled transformation. He began his professional journey in 1993 as a management trainee at American Express, laying the foundation for a career that bridges traditional banking with modern financial innovation.

Academically, Fayez holds an MBA from Aligarh Muslim University and has completed advanced executive education programmes at INSEAD and the Oxford Saïd Business School. His contributions to technology leadership were internationally recognised in 2023, when he received the Legend Award at the World CIO 200 Summit. Beyond commercial achievements, he is also known for his advocacy of gender equity and the advancement of women in the workplace, initiatives that have earned international recognition.

Dhaka Bank’s board has expressed confidence that under Fayez’s stewardship the institution will accelerate its digital transformation, further enhance customer service standards, and expand its presence in both domestic and international markets, while maintaining prudent risk oversight and regulatory compliance.

Profile Snapshot

The appointment signals Dhaka Bank PLC’s intention to balance innovation with stability, positioning the bank for sustained competitiveness in Bangladesh’s rapidly evolving banking sector.