Meheriar M. Hasan new Chairman of BRAC Bank‍‍`s Board

Meheriar M. Hasan, a nominated director of the BRAC Bank Limited, has been elected unopposed as the new Chairman of the bank’s board of directors.

He will be replacing Dr. Ahsan H. Mansur.

Meheriar M. Hasan has over 35 years of experience in innovations in digital banking and transformative disruptions. He has successfully developed digital Omni channels to create a customer-centric business model at some of the world‍‍`s largest financial institutions. Notably, he served as the Executive Vice President at Wells Fargo Bank in the US, spearheaded the bank‍‍`s digital transformation journey, and led the design and implementation of digital sales and service channels. He has also designed, built and operated the Digital Banking business for the US Bank.

Additionally, Hasan is the founder of Terafina Inc, a prominent provider of digital omnichannel sales solutions in the financial services industry. He was crucial in shaping Digital Insight, the largest online banking application service provider for US credit unions and small to mid-sized banks. Furthermore, he achieved a significant milestone by introducing the first private-labelled direct-to-consumer channel in the insurance industry during his tenure at Transamerica.

Throughout his illustrious career in the global corporate world, Hasan has held board memberships in other distinguished companies. In addition to his current position on the BRAC Bank Board, he is also serving as a Board Member of bKash.  He has also provided his expertise as a Senior Advisor to McKinsey from 2012 to 2014 and taught at the University of Southern California, Marshall School of Business, from 2006 to 2008. Hasan holds a Master of Science in Finance, a Master of Arts in Economics, and a Bachelor of Arts in Economics with a minor in Mathematics from the University of Arizona.

Expressing his gratitude for his new role at BRAC Bank, Mr. Hasan stated, "I am deeply thankful to the Board for their confidence in me to lead the bank into the future. BRAC Bank has already established itself as one of the leading banks and aims to become the best bank in Bangladesh. In line with Sir Fazle Hasan Abed‍‍`s vision of financial inclusion, the SME sector will always be a key focus for BRAC Bank. I eagerly anticipate the engagement with the BRAC Bank Board, the Management, and the entire team in fulfilling Sir Fazle‍‍`s dream of creating the first internationally recognized bank originating from Bangladesh.”

About BRAC Bank Ltd

BRAC Bank Limited traded as ‘BRACBANK’ on Dhaka Stock Exchange has been one of the country’s fastest-growing banks since its inception in 2001 with a particular focus on the SME segment. With 187 branches, 20 Sub-branches, 330 ATMs, 456 SME Unit Offices, 1,000 Agent Banking Outlets and a diverse workforce of more than 8,000 people BRAC Bank also serves customers across the Corporate and Retail segments. The bank has generated particularly strong financial performance over the past five years and now leads the industry in most of the financial metrics. With more than 1.3 million customers the bank has already proved to be the largest collateral-free SME financier in just 21 years of its operation in Bangladesh and continues to serve as a benchmark for governance, transparency and compliance in the banking sector.