IPDC Finance Limited has appointed Rizwan Dawood Shams as its first ever Additional Managing Director (AMD) who was previously serving the company in the role of Deputy Managing Director (DMD).
He has more than 18 years' experience in relationship management, product development, team development and risk management.
He joined IPDC on 1 November, 2007 as Senior Manager under Corporate Investment and played a pivotal role in transforming the organization over the years with increasing responsibilities.
Under his exemplary leadership, Corporate Business portfolio grew more than 6 times over the last 5 years.
SME department was reshaped while focus point shifted to nationwide CMSMEs. Supply Chain Financing (SCF) was introduced at IPDC through him in 2012 and now IPDC holds more than 50% of Bangladesh's total SCF market share.
Concentrating on digitization and changing business world, major strategic initiatives were introduced, such as the first ever blockchain based supply chain finance platform in South East Asia- ORJON and AI based retailer financing platform-DANA have been developed under his prudent governance.His expertise and direction on treasury operations ensured the exponential portfolio growth. Through his judicious expeditiousness, IPDC's NPL is also one of the lowest in the market through efficient recovery and collection mechanism.
Before joining IPDC, Shams worked for GSP Finance, Habib Bank, and Standard Chartered Bank (SCB) in numerous strategicpositions. He holds a Master's in Business Administration (MBA) from Victoria University of Melbourne, Australia, and Bachelor of Business Administration (BBA) from North South University. His professional career is decorated with numerous awards and notable professional accreditation from home and abroad.
Rizwan D Shams, AMD, IPDC Finance, stated, "We may have come a long way, yet we see enormous potential ahead. My new role at IPDC inspires me to work towards realizing that potential and creating a meaningful journey for IPDC. Creation of a holistic ecosystem for the financial industry will be particularly focused while maintaining the existing competitive edge."
Mominul Islam, Managing Director and CEO, IPDC Finance, stated, "I want to congratulate Rizwan, who has been an integral part of our team since he began his journey with us in 2007, for always striving to bring excellence and help IPDC reach newer heights."