Professor Dr M Khairul Hossain has officially left the Bangladesh Securities and Exchange Commission (BSEC) as its chairman.
He did his last office on Thursday as his nine-year stint at the commission came to an end. Sources at the BSEC said that the government was going to fill up the post immediately on Thursday.
A gazette notification might be issued Thursday declaring Dhaka University business faculty Dean Professor Shibli Rubayat Ul Islam as the next chairman of the BSEC, said Finance Ministry sources.
The country went on general holidays on March 26. The government has extended the holidays several times, and the latest till May 30, as the novel coronavirus is racing around the country.
Professor Khairul had to leave the BSEC amid the general holidays. In a press release, he thanked the share market stockholders for their cooperation and said he would be ready to extend any kind of help to the share market even though his stint expired.
The Dhaka University finance department teacher had been serving the securities regulator on deputation. Now, he will resume teaching at the university.
The BSEC has its four top posts vacant at present — the chairman and three commissioners. With serving Commissioner Khondoker Kamaluzzaman, the BSEC is in a quorum crisis.
The share market was overhauled as per a probe report following the 2010 collapse. On May 15, 2011, Professor Dr M Khairul took the office as the BSEC chairman.
He was appointed for three years and the appointment was extended for another four years. Later, his stint was extended for another two years which expired on Thursday.
In three terms, Professor Khairul served the BSEC for nine years.