Mutual Trust Bank PLC (MTB) has appointed AKM Tareq as deputy managing director (DMD) and head of the branch banking division.
The appointment marks a strategic shift for the Dhaka-listed lender, placing a senior executive with prior experience at BRAC Bank PLC at the helm of its retail operations.
Tareq joins MTB from BRAC Bank, where he served as a senior executive.
His promotion to DMD underscores the bank's emphasis on strengthening its branch network and retail banking capabilities.
In the competitive Bangladeshi banking sector, leadership continuity and experienced management in branch operations are critical for maintaining market share and driving deposit growth.
The move comes as global financial markets have seen volatility following recent diplomatic developments between the United States and Iran.