Masud Khan

Masud Khan is a distinguished Bangladeshi chartered accountant and corporate leader who serves as the Chairman of the Bangladesh Securities and Exchange Commission (BSEC), having been appointed on 4 June 2026 by the Ministry of Finance under Section 5(2) of the Bangladesh Securities and Exchange Commission Act, 1993. His appointment brought a seasoned CFO and boardroom veteran to the helm of Bangladesh's capital market regulator at a critical moment of reform.

🎓 Education & Professional Qualifications

Masud Khan has an exceptional academic and professional credentials spanning multiple countries:

• 📊 Bachelor of Commerce (Honours) — St. Xavier's College, University of Kolkata
• 📋 Chartered Accountant (CA) — Cleared the all-India CA examination in 1977, earning a silver medal
• 📊 Cost and Management Accountant (CMA) — Qualified CMA
• 🏆 Fellow of CMA Australia and New Zealand — International professional recognition
• 📚 Lecturer — Institute of Chartered Accountants of Bangladesh (ICAB) for 45 years

💼 45-Year Corporate Career

Masud Khan's career spans 45 years in the private sector, with deep experience across leading multinational and local conglomerates in Bangladesh. His career trajectory includes:

• 🚬 British American Tobacco (BAT) — 20 years, working across finance roles in Bangladesh and abroad
• 🏗️ LafargeHolcim Bangladesh — Chief Financial Officer (CFO) for 18 years
• 🏭 Crown Cement PLC — Chief Advisor to the Board (most recent role before BSEC)
• 🧴 Unilever Consumer Care Limited — Chairman (from April 2019)
• 📺 Singer Bangladesh — Independent Director
• 🏦 Community Bank Bangladesh — Independent Director
• 🚬 British American Tobacco (BAT) Bangladesh — Independent Director

🏛️ BSEC Chairmanship

On 4 June 2026, Masud Khan was appointed as BSEC Chairman, succeeding Khondoker Rashed Maqsood who resigned the same day along with all four commissioners. The Ministry of Finance appointed Khan under Section 5(2) of the BSEC Act, 1993, with three new commissioners joining him:

• ⚖️ Advocate Nahid Mahtab — former Deputy Attorney General
• 💰 Tanvir Habib Rahman — Finance Director of ASA International
• 📈 Md Nafiz Al Tarik — Managing Director of Dhaka Bank Securities Limited

Parliament cleared the legislative ground for the appointment by passing the Bangladesh Securities and Exchange Commission (Amendment) Bill, 2026, abolishing the existing age limit of 65 for appointing the BSEC chairman and commissioners.

📊 Distinguished Appointment

Masud Khan's appointment as BSEC Chairman has drawn meaningful appreciation from industry stakeholders across the board. The distinction of his appointment is that his predecessors came mostly from academia and the financial bureaucracy, while Khan came from the boardroom. He has spent his career as a CFO and independent director — the precise vantage point from which to see the gap between what regulators demand and what listed companies can actually deliver.

His stated priority of reducing compliance costs comes from his lived experience more than from any ideal policy position. Finance Minister Amir Khosru Mahmud Chowdhury signalled the direction of travel before the appointments, stating that BSEC would be restructured within two weeks with professionals skilled and experienced in the capital market. Khan fits that description more precisely than any BSEC chairman in recent memory.

🎯 Strategic Context

The BSEC chairmanship comes at a critical moment for Bangladesh's capital market, which has faced challenges including:

• 📊 Market confidence restoration — following leadership transitions
• 📋 Regulatory modernization — updating listing and disclosure requirements
• 💰 Investor protection — strengthening enforcement against market manipulation
• 🏭 Listing pipeline — encouraging quality IPOs from growing companies
• 🌐 Digital transformation — modernizing trading and settlement systems
• 🤝 Bangladesh Bank coordination — aligning monetary and capital market policies

With 45 years of private sector experience, including 18 years as CFO of one of Bangladesh's largest multinational companies and roles as independent director at multiple listed companies, Masud Khan brings an unprecedented depth of capital market understanding to the BSEC chairmanship. His appointment signals the government's intent to bring practical, boardroom-level perspective to capital market regulation.