Toufic Ahmad Choudhury
Toufic Ahmad Choudhury | |
|---|---|
| Alma mater | Jahangirnagar University; Himachal Pradesh University |
| Occupation(s) | Economist, banking professional, academic |
| Known for | Director general of Bangladesh Academy for Securities Markets; former director general of Bangladesh Institute of Bank Management; founding member of Dhaka School of Economics; independent director at Eastern Bank |
Toufic Ahmad Choudhury is a prominent economist and banking professional from Bangladesh, having formerly held the position of director general at the Bangladesh Institute of Bank Management (BIBM). He is presently the director general of the Bangladesh Academy for Securities Markets, which operates under the jurisdiction of the Bangladesh Securities and Exchange Commission. As a founding figure of the Dhaka School of Economics, he also fulfills the role of an independent director at Eastern Bank.
Early life
Choudhury completed his bachelor's degree at Jahangirnagar University in 1979, followed by obtaining a doctoral degree from Himachal Pradesh University in 1990.
Career
His professional journey started as a research associate at the Bangladesh Institute of Development Studies, after which he joined BIBM as a lecturer in 1981, eventually achieving the rank of full professor by 1997. At Eastern Bank Limited, he leads the audit committee and is a member of the risk management committee.
He has publicly expressed opposition to finance minister Abul Maal Abdul Muhith’s intervention to save Farmers Bank, advocating instead for its closure. In 2019, Choudhury identified widespread loan defaults as a key reason behind Bangladesh’s elevated interest rates. Beyond his independent directorship at Eastern Bank and C&A Textiles Limited, he serves on the boards of EBL Investments Limited and National Credit Ratings Limited.
Choudhury holds governance roles with the Bangladesh Academy for Securities Markets and is among the founding members of the governing council at Dhaka School of Economics. Additionally, he teaches as adjunct faculty at East West University and chairs D.Net. His affiliations include membership in the Bangladesh Economic Association, and he has been honored as an ambassador of Valor of Bangladesh.
Bibliography
- Banking Research Series 2019: A Compilation of Research Workshop Papers