Who is the new governor of Bangladesh Bank?

The government yesterday appointed Md Mostaqur Rahman, a garment entrepreneur, as the governor of Bangladesh Bank for four years, replacing Ahsan H Mansur.

Rahman, born in 1966, is the managing director of the Fatullah-based sweater company Hera Sweaters Ltd.

He qualified as a cost and management accountant from the Institute of Cost & Management Accountants of Bangladesh (ICMAB) in 1992. He also holds a Bachelor of Commerce (Honours) and a Master’s degree in Accounting from the University of Dhaka.

As a garment manufacturer, he is a member of the Bangladesh Garment Manufacturers and Exporters Association (BGMEA).

He was also part of the Bangladesh Nationalist Party’s central election steering committee formed to operate during the national polls on February 12.

Rahman is a member of the Real Estate and Housing Association of Bangladesh (REHAB), the Association of Travel Agents of Bangladesh (ATAB), and the Dhaka Chamber of Commerce and Industry (DCCI), and he has served on several important committees.

He has worked closely with regulators, including Bangladesh Bank and the Chittagong Stock Exchange Ltd, and chaired the BGMEA standing committee on Bangladesh Bank.

Business leaders expect the new governor to understand their daily challenges because he is also a businessman. They said some previous governors listened to business concerns but could not take practical action, possibly because they did not fully understand the scale of those challenges.

With over 30 years of leadership experience, Rahman is a senior financial governance specialist skilled in corporate finance, export economics, institutional governance, and financial systems management.

He has expertise in financial oversight, regulatory compliance, banking-sector engagement, and capital management.