The government has appointed Masud Khan as the Chairman of the Bangladesh Securities and Exchange Commission (BSEC) in a move aimed at strengthening the country’s capital market regulatory framework.
The Financial Institutions Division of the Ministry of Finance issued the notification on Thursday. It said Masud Khan, Group Chief Executive Officer of Crown Cement PLC, has been appointed for a four-year term under Section 5(2) of the Bangladesh Securities and Exchange Commission Act, 1993.
The notification stated that he must relinquish all employment and professional roles with Crown Cement and other organisations before assuming the post. He will receive government pay, allowances and other benefits applicable to the position.
Masud Khan brings more than four decades of experience in corporate leadership across multinational and local companies. He has served as an independent director and chairman of the audit committee of Singer Bangladesh Limited and Community Bank Bangladesh.
He also held positions as an independent director of British American Tobacco Bangladesh, where he chaired the Nomination and Remuneration Committee. Earlier, he served as Chairman of Unilever Consumer Care and spent 18 years as Chief Financial Officer of LafargeHolcim Bangladesh. Prior to that, he worked for two decades in finance and leadership roles at British American Tobacco.
Alongside his corporate career, he has been associated with the Institute of Chartered Accountants of Bangladesh as a faculty member for more than 40 years.
He holds a Bachelor of Commerce (Honours) degree from St Xavier’s College in Kolkata and is a Chartered Accountant and Cost and Management Accountant. He secured a silver medal in the All India Chartered Accountancy Examination in 1977. He is also a Fellow of the Institute of Certified Management Accountants of Australia and New Zealand.
His appointment came hours after outgoing Chairman Khondoker Rashed Maqsood resigned on Thursday morning, after serving 21 months during the interim government’s tenure. Four commissioners of the securities regulator also stepped down the same day.
The reshuffle follows the passage of the Bangladesh Securities and Exchange Commission (Amendment) Act, 2026 in Parliament on 30 April, which removed the previous age limit of 65 for appointing the BSEC chairman and commissioners.
The government said the amendment was intended to allow experienced professionals to lead the country’s capital market regulator.
