The Bangladesh Bank has granted an exception to Mohammad Shah Alam Sarwar, the former managing director and chief executive officer of IFIC Bank, allowing him to serve as an adviser to the bank, despite regulations prohibiting such appointments until five years after retirement. This exception was made under special consideration, as Sarwar brings expertise in business expansion, bank mergers, and other beneficial activities. While the central bank typically adheres to regulations ensuring neutrality and good governance in bank management, it has the authority to grant exceptions based on individual cases. This decision contrasts with a previous incident involving the disallowance of a former National Bank executive from assuming a similar advisory role due to regulatory constraints.
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