FT ONLINE

Arastoo Khan resigned from the post of chairman of the Islami Bank Bangladesh Limited (IBBL) on Tuesday.

The former secretary of the government resigned from the post on personal ground.

 “I could not give time to my family because of having extra work pressures as the chairman of the bank. So I have resigned from the post,” Mr Khan said.

The bank has immediately appointed independent director Nazmul Hassan as the new chairman, sources said.

Syed Monjurul Islam also resigned from the post of chairman of Islami Bank Foundation on the same day, according to an IBBL official.

Arastoo Khan was made the chairman of IBBL on January 5 last year in a major shakeup in the top brass of the bank.