DSE’s CFO resigns as job turns contractual
In line with its cost reduction drive, the DSE has made its top posts contractual again
Abdul Matin Patwary resigned from his post of chief financial officer (CFO) at the Dhaka Stock Exchange (DSE) on Sunday.
"Personal reasons" prompted the resignation effective 1 January 2021, said DSE Managing Director Tarique Amin Bhuiyan, to The Business Standard (TBS).
However, other sources told TBS, Patwary was not comfortable with recent changes the DSE has brought about with regard to its top executives such as the chief operating officer, chief financial officer, and the chief technology officer.
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The premier bourse made its top posts permanent only a few years ago. This made these positions much more attractive for professionals, as permanent employees avail many service benefits and contractual employees enjoy less.
In line with its cost reduction drive, in September, the DSE once again made the posts contractual and asked top executives to accept new contractual appointments.
Abdul Matin Patwary, a cost and management accountant, preferred resignation, said the sources.
He also served as the DSE's acting managing director (MD) for a transitional period until Tarique Amin Bhuiyan recently joined the bourse as its new MD.
Patwary did not respond to phone calls for comment.
The DSE is experiencing employee dissatisfaction while its board of directors desperately tries to reduce human resource spending.
