The Board of Directors of BRAC Bank Limited has appointed Mr. Selim R. F. Hussain as the bank's new Managing Director & CEO with effect from November 8, 2015. Hussain is a career banker and an immediate past CEO & Managing Director of IDLC Finance Limited. He was also the Chairman of the Board of Directors from 2010 to 2012 of IDLC Finance's two subsidiaries - IDLC Investments Limited and IDLC Securities Limited.

He worked in various roles in ANZ Grindlays Bank and Standard Chartered Bank, for twenty four years, before moving to the IDLC Group in 2010. He has resided and worked in India and Australia for significant periods of his career and, prior to taking over the helm at IDLC Finance Limited, was the Head of Finance & Strategy for Standard Chartered Bank's Consumer Banking Division in Mumbai, India. Mr. Hussain was also CFO for Standard Chartered Bank, Bangladesh, from 2002 to 2007.

Hussain was also a Director at the Credit Rating Agency of Bangladesh (CRAB) and the Vice Chairman of the Bangladesh Leasing & Finance Co Association (BLFCA) since 2012.