Siddiqur Rahman, the vice president of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI), has been nominated as a shareholder director of Dhaka Stock Exchange (DSE).
A DSE board meeting approved the nomination on Thursday.
Siddiqur will replace Minhaz Mannan Emon, who lost his post after being arrested in a case under the Digital Security Act.
Earlier in May, Emon was jailed for four months after being arrested in a case filed by Rapid Action Battalion at the Ramna Police Station under the Digital Security Act. On 6 September, he was released on bail from jail.
As he was in jail, Emon could not attend the DSE board meetings. It was not possible for him to apply for leave to attend the meetings either as he was in jail at that time.
So, Siddiqur Rahman has been nominated for the post, as the post of Minhaj Mannan Emon became vacant.
Siddiqur is also the chairman of Brokerage firm - Sterling Stocks and Securities Ltd.
Earlier, the businessman was also the president of the Bangladesh Garment Manufacturers and Exporters Association (BGMEA). He was also nominated as the Industry and Commerce Secretary of the Awami League last month.
Minhaj Mannan Emon's term as director will end in December. Siddiqur will also perform interim duties of the post until December.