ASA International Group PLC Appointment of new Board member (8394H)
December 08 2020 - 1:00AM
UK Regulatory
TIDMASAI
RNS Number : 8394H
ASA International Group PLC
08 December 2020
ASA International Group plc appointment of new Board member
Amsterdam, The Netherlands, 8 December 2020 - ASA International
Group plc, ("ASA International", or the "Company"), one of the
world's largest international microfinance institutions, today
announces that Dr Salehuddin Ahmed has been appointed to the Board
as an Independent Non-Executive Director with immediate effect. Dr
Ahmed is scheduled to become a member of the Nomination Committee,
Audit and Risk Committee and the Independent Directors
Committee.
Dr Ahmed is a citizen of Bangladesh and presently is a Professor
at Graduate School of Management, BRAC University, Dhaka,
Bangladesh. He is an Independent Director of Grameenphone Ltd., the
largest mobile telecommunications operator in Bangladesh. He is
also on the advisory bodies of several government and
non-government agencies in Bangladesh and a member of the Board of
Trustees of three universities and a postgraduate institute. Dr
Ahmed was the Governor of the Bangladesh Bank (Central Bank)
between 2005 and 2009, where he was responsible for formulating
monetary policy and its implementation as well as regulating the
banks and financial institutions. Prior to this he was the Managing
Director of Palli Karma-Sahayak Foundation (PKSF), set up by the
government of Bangladesh and funded by the World Bank, the apex
funding agency of microcredit operations in Bangladesh. He has
worked as a Consultant for many international agencies and the
World Bank and has authored more than 90 books, reports and journal
articles, which have been published in Bangladesh and abroad. Dr
Ahmed obtained his Ph.D. in Economics from McMaster University,
Canada in 1978. He was a Professor in the BRAC Business School from
January 2014 to September 2020.
No further information is required to be disclosed about Dr
Ahmed under Listing Rule 9.16.13R.
Commenting on the appointment, Dirk Brouwer, CEO of ASA
International Group plc, said:
"We are delighted to welcome Dr Ahmed to our Board. He has very
extensive business, banking and microfinance experience and we look
forward to receiving the benefit of his wise counsel."
Dr Salehuddin Ahmed said:
"I am honoured to join the Board of ASA International. During my
days as Managing Director of PKSF, I had the opportunity to work
closely with ASA Bangladesh and help fund its growth from a
medium-sized microfinance institution to one of the largest and
most successful in the country. The development of ASA
International has been equally remarkable in terms of the growth of
its operations in such a wide range of countries in Asia and
Africa. I look forward to working closely with my colleague
directors in providing the appropriate oversight of the company's
governance."
Enquiries:
ASA International Group plc
Investor Relations +31 6 2030 0139
Véronique Schyns
vschyns@asa-international.com
About ASA International Group plc
ASA International is one of the world's largest international
microfinance institutions, with a strong commitment to financial
inclusion and socioeconomic progress. The company provides small,
socially responsible loans to low-income, financially underserved
entrepreneurs, predominantly women, across South Asia, South East
Asia, West and East Africa.
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