The Dhaka Stock Exchange (DSE), the nation’s primary capital exchange, has named Mohammad Asadur Rahman as its acting managing director (MD). Asadur Rahman was elevated to the position of Chief Operating Officer (COO) by the DSE board prior to assuming leadership as the acting MD.
This decision was made by the DSE board of directors on Monday, June 30. Asadur Rahman, the acting managing director of the DSE, confirmed the information.
“I am grateful that the DSE board of directors nominated me for this position,” he stated. I’ll do my best to carry out the duty assigned to me honestly and accurately.”

It has come to light that the DSE has undertaken this measure to temporarily stabilize the primary capital market of the nation and address the leadership crisis.

Previously, DSE Chief Operating Officer (COO) Sattik Ahmed Shah was acting as the interim MD. However, the position became vacant once more as his contract expired on June 29. Subsequently, in light of the overall circumstances, Asadur Rahman was appointed as the acting managing director of DSE.

Reports indicate that the position of full-time managing director of DSE has been unoccupied since May 2024. The former MD, ATM Tarikuzzaman, resigned to take up a role as a commissioner at the Bangladesh Securities and Exchange Commission (BSEC). Since that time, officials have been filling the top leadership roles at DSE on a temporary basis.

To address the ongoing leadership challenges, DSE issued a recruitment announcement in November of the previous year to fill three senior executive roles – managing director, chief technology officer, and chief operating officer. However, the recruitment process remains incomplete.

Since the demutualization, only KAM Majedur Rahman has successfully completed a full three-year term as DSE MD. None of his successors have managed to fulfill the entire term, leading to instability in DSE’s leadership.