Eminent economist Dr. M. Masrur Reaz has opted not to assume the role of Chairman at the Bangladesh Securities and Exchange Commission (BSEC).
Dr. Reaz informed UNB that he feels more comfortable continuing his work as an economist with the interim government to focus on national reforms, rather than taking on the top position at the stock market regulatory body at this time.
Dr. Reaz formally communicated his decision to the Financial Institutions Division (FID) of the Ministry of Finance, which had issued an office order appointing him as BSEC Chairman on 13 August.
He currently serves as the Chairman and Chief Executive Officer of Policy Exchange Bangladesh, a prominent think tank.
Following his appointment, concerns surfaced on social media, with some questioning Dr. Reaz's connections, particularly his friendship with Salman F Rahman, former Prime Minister Sheikh Hasina's private sector and investment adviser. These concerns were echoed by a group of BSEC stakeholders, leading Dr. Reaz to reconsider and ultimately decline the chairmanship.
