Al-Arafah Islami Bank PLC has promoted SM Abu Jafar to the position of deputy managing director, as announced in a press release on November 20. Jafar, who had been serving as senior executive vice-president since 2021, brings 24 years of extensive experience in the banking sector to his new role. He began his career as a management trainee officer at Exim Bank PLC in 2000, later holding key roles such as foreign trade desk officer, operations manager, and branch manager of three corporate and authorized dealer branches. He also worked at United Commercial Bank PLC, gaining expertise in diverse areas of banking operations.
Jafar’s promotion highlights his commitment to the bank’s growth and development. He holds both bachelor’s and master’s degrees in accounting from the University of Dhaka, a strong academic foundation complementing his professional journey. The bank anticipates that his leadership will further strengthen its strategic goals.
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