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Our Management


Matiul Islam Nowshad, CMgr, Chartered Fellow, FCMI

Chairman

Mr. Matiul Islam Nowshad is the Chairman of IDLC Asset Management Ltd. He sits at IDLC AML’s board as an independent director and nominated by IDLC Finance Ltd. He is working as Senior Director, Operations and Strategic Initiatives in BRAC. Earlier he worked as Chief Corporate and People Officer of Robi Axiata Limited – uniquely responsible for verticals ranging from human resources, regulatory affairs, corporate affairs, legal, corporate communication, corporate social responsibility and facilities management.

Mr. Nowshad is a proven leader in the field of Human Resources and Corporate Management in Bangladesh and South East Asia region. His career spans nearly 3 decades with more than 18 years in strategic leadership positions either as a Chief Officer (CxO), a divisional head or a Board Director. His contributions to the profession has been recognized by CHRO Asia at the 2014 World HRD Congress as “50 Most Talented Global HR Leaders in Asia”. In 2011, he was also awarded with “Best HR Leader” of the year award at the World HRD Congress. His current organization, Robi Axiata Ltd. has been recognized consecutive four times as “Best People Management Company” from 2012 to 2015 and his personal contribution duly recognized with milestone awards at the Annual Axiata Group Awards Program. He has deep understanding and hands on experience in merger and acquisition, especially successfully leading the People and Cultural Integration Stream both home and abroad.

Prior to joining Robi in February 14, 2010, Nowshad served in Coats Bangladesh Ltd. from December 07, 1992 to February 13, 2010 in different capacities and as the Human Resources Director from 1999 to 2010. Prior to joining Coats Bangladesh, he served in Deundi Tea Company (UK) Ltd. until November 30, 1992 in various roles. Mr. Nowshad started his career with Surmah Valley Tea PLC in its elite covenanted staff cadre as a management trainee. He has a Master’s Degree in Business from Victoria University and is a Chartered Manager and Chartered fellow of the Chartered Management Institute, UK and Chartered Institute of Personnel and Development, UK. He has attended several general management, functional and leadership development programs in renowned business schools.

 

Arif Khan

Director

Mr. Arif Khan is the nominated Director of IDLC Asset Management Ltd. from IDLC Finance Limited. He has joined IDLC Finance Limited on March 01, 2016 as CEO & Managing Director.

Mr. Khan completed his Masters in Finance & Banking from University of Dhaka. He also completed his MBA, major in finance, from IBA. He is a CFA charter holder and also a Fellow member of the Institute of Cost and Management Accountants of Bangladesh (FCMA).He started his career with AB Bank Limited as Probationary Officer in 1991. Prior joining IDLC, he was the 'Commissioner' of Bangladesh Securities and Exchange Commission till January 31, 2016. He has around 25 years of experience, out of which around 15 years with IDLC and has experience for brief periods with Institutions like BAT, Beximco Fisheries & Zenith Investments Limited. While leaving IDLC Finance Ltd. in December 2010, Mr. Khan was the Deputy Managing Director of the Company.

Mir Tariquzzaman

Director

Mr. Mir Tariquzzaman is the nominated Director of IDLC Asset Management Ltd. from IDLC Finance Limited. He has been in the role of General Manager and Chief Technology Officer of IDLC Finance Ltd. since July 2007.

He joined IDLC Finance Ltd. in April 1995 as Management Trainee. He was responsible for establishing and managing a dynamic IT Infrastructure of IDLC Group. He has completed Master of Business Administration (MBA) from the Institute of Business Administration (IBA), University of Dhaka.

Akhteruddin Mahmood

Shareholding Director

Mr. Akhteruddin Mahmood is the Shareholding Director of IDLC Asset Management Ltd. Mr. Mahmood joined IDLC Finance Ltd. as Group Head of Human Resources in January 2017.

He has over 29 years of experience in diverse sectors. Prior to joining IDLC, he served as Head of Learning & Training - South Asia Region for Nestlé. Mr. Mahmood started his career in Bangladesh Air Force (BAF) in 1987. He took an early retirement from BAF as a Squadron Leader and went on to join British American Tobacco Bangladesh (BATB) in the Human Resources Function in 1998. He was placed in various roles in his career with BATB including Reward, Training, Learning & Leadership and Organizational Development. He served as Organizational Development & Change Manager of BAT South Asian Area based in Islamabad, Pakistan. He moved to Nestlé Bangladesh as Director Human Resources Director in 2008 and took over the role of Head of Learning & Training of Nestlé South Asia based in its Regional Head Office in Gurgaon, India. Mr. Mahmood also worked as Director, Human Resources of local conglomerate STS Holdings Ltd. for a short period of time prior to joining IDLC.

Md. Masud K Majumder, ACA

Director

Mr. Md Masud K Majumder is the nominated Director of IDLC Asset Management Limited from IDLC Finance Limited. He plays the role of Chief Financial Officer of IDLC Finance Ltd.

He joined IDLC Finance Limited on August 30, 2006 as Manager in Accounts and Taxation Department. Prior to that, he worked in KPMG, Rahman Rahman Huq, Chartered Accountants as audit supervisor. Mr. Majumder completed his Bachelor of Commerce (Honours) and Masters in Finance from University of Dhaka. He is an Associate Chartered Accountants (ACA) and member of the Institute of Chartered Accountants of Bangladesh (ICAB).

Rajib Kumar Dey,

Director (Ex-officio)

Mr. Rajib Kumar Dey has assumed the responsibility of Managing Director of IDLC Asset Management Ltd. since January 01, 2016. He joined IDLC Finance Ltd. as a Management Trainee on February 10, 2004 and was heading the treasury department before moving to the capital market operation of IDLC Group in July 2010 as Head of Research at IDLC Investments Ltd. From 2012, he was assigned with managing own investments of IDLC Group as Head of Proprietary Desk. Rajib has a very successful track record of fund management during last six years and outperformed the market consistently across five years, three years and one year horizon. He has managed fund to the tune of BDT 470.00 cr. (Four Hundred and Seventy crore Taka).

He completed Master of Business Administration (MBA) with a major in Finance from Institute of Business Administration (IBA) under University of Dhaka after completing his graduation from Finance & Banking Department under University of Dhaka. He is also enrolled under Chartered Financial Analyst (CFA) program of CFA Institute, USA and passed level II.

 

Rajib Kumar Dey

Managing Director

Rajib Kumar Dey has assumed the responsibility of Managing Director of IDLC Asset Management Limited since January 01, 2016. He joined IDLC Finance Limited as a Management Trainee on February 10, 2004 and was heading the treasury department before moving to the capital market operation of IDLC Group in July 2010 as Head of Research at IDLC Investments Limited From 2012, he was assigned with managing own investments of IDLC Group as Head of Proprietary Desk. Mr. Rajib has a very successful track record of fund management. He has managed fund to the tune of BDT 150.00 cr. (Taka One Hundred and Fifty crore).

He completed Master of Business Administration (MBA) with a major in Finance from Institute of Business Administration (IBA) under University of Dhaka after completing his graduation from Finance & Banking Department under University of Dhaka. He is also enrolled under Chartered Financial Analyst (CFA) program of CFA Institute, USA and has passed Level II.

Shaikh Malik Al – Razi
Portfolio Manager

Mr. Shaikh Malik AL - Razi is responsible for the fund management role of IDLC Asset Management Limited (IDLC AML). He joined the company in July 2016 and brought more than five years of experience in portfolio management, equity research and investment banking. Besides, having overall knowledge in listed companies of different sectors, he specializes in Fuel & Power and Pharmaceuticals & Chemicals. He also holds extensive knowledge on Textiles and Telecommunication. Before joining IDLC AML, he headed the research team of IDLC Investments Limited. He had also worked at the sell-side research team of BRAC EPL Stock Brokerage Limited and Investment Banking team of NDB Capital Limited.

He passed level III of the CFA Program in 2019 and awaiting charter. He completed Masters of Business Administration (MBA) from Department of Finance, University of Dhaka.

Md. Arman Chy. Nayan, CFA

Portfolio Manager

Md. Arman Chy. Nayan is in the portfolio management team of IDLC Asset Management Limited, responsible for the fund management activities. Mr. Nayan has 7 years’ worth of experience in conducting sector analysis and equity research. He is specialized in Bank, NBFI, Cement and Engineering sector.

Mr. Nayan is a CFA charter holder. He completed Bachelor of Business Administration (BBA) program from Department of Finance, University of Dhaka.

Md. Itrat Hossain, CFA

Investment Analyst

Md. Itrat Hossain is in the portfolio management team of IDLC Asset Management Limited, leading the investment analysis activities of the team to identify potential investment opportunities. Mr. Hossain has amassed 7 years’ worth of experience in conducting sector analysis and equity coverage on scrips listed in Fuel & Power, Pharmaceuticals & Chemicals, Textile, Tannery sectors and the Mutual Funds industry within the designated coverage universe.

Mr. Hossain is a CFA charter holder. He completed Bachelor of Business Administration (BBA) program from Department of Finance, University of Dhaka.

Kazi Umme Sumaiya

Investment Analyst

Kazi Umme Sumaiya is associated with IDLC Asset Management Limited as an Investment Analyst since July, 2016. She actively covers the listed companies under Telecommunication, Cement and Engineering sectors. Her research focus also includes listed Oil companies. She started her career with IDLC Investments Limited as a research analyst in 2015.

Ms. Sumaiya passed level III of the CFA Program in 2019 and awaiting charter. She completed her Masters of Business Administration (MBA) and Bachelor of Business Administration (BBA) from Department of Finance, University of Dhaka.

Navin Rahman
Investment Analyst

Navin joined IDLC Asset Management Limited in June 2019 as an Investment Analyst. She actively covers the listed companies under Bank and NBFI sectors and also conducts macro-economic analysis. Previously, she has worked with the Discretionary Portfolio Management team of IDLC Investments Limited and in advisory roles at Asian Tiger Capital Partners Limited. 

Ms. Navin completed her Bachelor’s Degree from Colorado College, USA in 2014. She is currently pursuing the CFA charter, and passed Level II of CFA Program in 2018.