IPDC Finance Limited, one of Bangladesh’s leading private sector financial institutions, has announced the appointment of Rizwan Dawood Shams as its new Managing Director. With this appointment, Mr. Shams will assume full leadership responsibilities, drawing on his extensive experience of over 20 years in various domains of the financial industry.
Having served as the Acting Managing Director since January 2024, Mr. Shams brings a wealth of expertise to his new role. He joined IPDC in November 2007 and has held diverse cross-functional positions within the organization. Notably, he was elevated to the position of the first-ever Additional Managing Director in April 2021.
Throughout his tenure at IPDC, Mr. Shams has been instrumental in driving transformative initiatives, propelling the company to become one of the fastest-growing entities in the industry. His contributions have been particularly impactful in implementing award-winning value chain financing projects, notably in CMSME financing, retailer financing, and supply chain financing. His efforts to support CMSMEs during the COVID-19 pandemic have garnered recognition from various stakeholders, including the central bank.
Moreover, Mr. Shams has played a pivotal role in maintaining IPDC’s Non-Performing Loans (NPL) at one of the lowest levels in the industry. He has also spearheaded the restructuring of the Treasury Department, ensuring the company’s liquidity remains robust.
Prior to his tenure at IPDC, Mr. Shams held key positions at esteemed institutions such as Standard Chartered Bank, Habib Bank, and GSP Finance. He holds an MBA degree from Victoria University of Melbourne, Australia, and a BBA degree from North South University, Bangladesh. His professional development has been further enriched through participation in various business training and seminars across several countries.
In response to his appointment, Mr. Shams expressed his gratitude, emphasizing the honor and privilege of leading Bangladesh’s premier private sector financial institution. He reiterated IPDC’s commitment to maintaining its stellar track record in NPL management while fostering sustainable growth. Additionally, Mr. Shams underscored the company’s dedication to upholding the highest standards of corporate governance and its focus on innovation, excellence, and inclusivity, particularly targeting sustainability, youth, women, and underserved areas.
Mr. Shams’ appointment heralds a new chapter for IPDC Finance Limited, marked by continued growth, innovation, and a steadfast commitment to serving its customers with integrity and dedication.
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