SBAC Bank elects new chairman

SBAC Bank Ltd has elected a new chairman at a meeting of its Board of Directors last week. 

The electee, Abu Zafar Mohammod Shofiuddin, is the chairman of SQ Group, a family-run business which manufactures power generation and distribution equipment through 23 factories and employs over 6,000 individuals, said a press release.

Shofiuddin obtained a master's degree in marketing from the University of Dhaka and another in business administration from the University of the West of Scotland.