Citibank has recently promoted Rashed Maqsood to managing director and Citi country officer for Bangladesh, the bank said in a statement yesterday.

Prior to the promotion, he assumed the position of country business manager of the bank in December 2010. He was the head of global transaction services for Citi in Indonesia for three years before he took up his latest assignment in Bangladesh.

As the Citi country officer, Maqsood will lead the Citi franchise in Bangladesh, and will be responsible for the safety and soundness of the franchise by ensuring strong governance.

Maqsood, who has over 18 years of banking experience, started with Citi in 1995 as a relationship manager and assumed the role of head of financial institutions group in Citi, Bangladesh, in 2001. Before joining Citi, Maqsood had worked in corporate banking at American Express Bank.

News: Daily Star/ Bangladesh/ Mar-10-2011