Md Obayed Ullah Al Masud
{{Short description|Bangladeshi banker}}
Md Obayed Ullah Al Masud is a Bangladeshi banker who was the Managing Director of Sonali Bank and Rupali Bank. He was a director of Padma Bank.{{Cite web|title=Padma Bank Limited|url=https://www.padmabankbd.com/board-of-directors|access-date=2021-12-10|website=www.padmabankbd.com}} As of Oct 6,2024 he is the Chairman of Islami Bank.
Early life and education
Masud completed his Bachelors and Masters in Commerce from the University of Dhaka in 1982.{{Cite web|title=Rupali Bank Ltd.|url=https://www.rupalibank.org/about_display_bank_glance.php?type=6|access-date=2021-12-10|website=www.rupalibank.org}} He completed an MBA from the Institute of Business Administration, University of Dhaka in 1988.
Career
Masud joined Agrani Bank in 1983 as a senior officer.
In 2011, Masud became the Deputy Managing Director of Agrani Bank. He then worked as the Managing Director of Karmasangsthan Bank.{{Cite news|title=Obayed joins as Rupali Bank MD and CEO|url=https://www.newagebd.net/article/82852/obayed-joins-as-rupali-bank-md-and-ceo|access-date=2021-12-10|work=New Age|language=en}}
From 24 August 2016 to 24 August 2019, Masud was the Managing Director of Sonali Bank. During his term he worked on recovering defaulted loans.{{Cite news|title=Obayed Ullah Al Masud new MD of Rupali Bank|url=https://www.daily-sun.com/post/418959/Obayed-Ullah-Al-Masud-new-MD-of-Rupali-Bank|access-date=2021-12-10|work=Daily Sun|language=en}}{{Cite news|last=Uddin|first=AKM Zamir|date=2019-01-21|title=Banks blame influential quarter for rising bad loans|url=https://www.thedailystar.net/business/banking/news/banks-blame-influential-quarter-rising-bad-loans-1690438|access-date=2021-12-10|work=The Daily Star|language=en}} He also introduced low interest housing loans for government officers.{{Cite news|date=2018-09-26|title=Low-interest home loans for govt staff from November|url=https://www.thedailystar.net/city/news/low-interest-home-loans-govt-staff-november-1638805|access-date=2021-12-10|work=The Daily Star|language=en}}
In January 2017, Masud was elected an executive member of Bangladesh Foreign Exchange Dealers' Association.{{Cite web|date=2017-01-01|title=BAFEDA new body formed|url=https://www.bdreports24.com/bafeda-new-body-formed/|access-date=2021-12-10|website=Bangladesh Development Reports|language=en-US}} On 21 August 2019, he was appointed Managing Director of Rupali Bank and Ataur Rahman Prodhan replaced him as the Managing Director of Sonali Bank.{{Cite news|date=2019-08-21|title=Sonali, Rupali MDs swap seats, Agrani's MD unchanged|url=https://www.thedailystar.net/business/banking/news/sonali-rupali-mds-swap-seats-agranis-md-unchanged-1787962|access-date=2021-12-10|work=The Daily Star|language=en}} He retired from Rupali Bank on 27th August 2022.{{Cite news|date=2022-08-14|title=Mohammad Jahangir appointed new MD of Rupali Bank|url=https://www.tbsnews.net/economy/banking/sonali-agrani-and-rupali-banks-get-new-mds-477118|work=The Business Standard|language=en}}
Masud represents Rupali Bank at the Metropolitan Chamber of Commerce and Industry.{{Cite web|last=Dhaka|first=MCCI|title=Rupali Bank Limited|url=https://mccibd.org/mcci_members/rupali-bank-limited/|access-date=2021-12-10|website=Metropolitan Chamber of Commerce & Industry, Dhaka (MCCI)|language=en-US}} During his tenure, Rupali Bank received criticism for a very generous rescheduling plan for loan defaulter Mother Textile.{{Cite news|last=Uddin|first=AKM Zamir|date=2019-10-05|title=Outrageous offer for a defaulter|url=https://www.thedailystar.net/frontpage/rupali-banks-outrageous-offer-for-a-defaulter-1809571|access-date=2021-12-10|work=The Daily Star|language=en}}
Personal life
Masud's brother, Hedayetullah Al Mamun, was the chairman of Janata Bank, a state-owned bank.{{Cite news|title=Obayed Ullah Al Masud new MD of Rupali Bank|url=https://www.daily-sun.com/printversion/details/418959/Obayed-Ullah-Al-Masud-new-MD-of-Rupali-Bank|access-date=2021-12-10|work=Daily Sun|language=en}}{{Cite news|title=Retired bureaucrat Hedayetullah Al Mamoon appointed Janata Bank chairman|url=https://bdnews24.com/business/2018/02/25/retired-bureaucrat-hedayetullah-al-mamoon-appointed-janata-bank-chairman|access-date=2021-12-10|work=bdnews24.com}}