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IPDC Finance appoints new Managing Director

Published : Thursday, 18 April, 2024 at 12:00 AM  Count : 177
Business Desk
IPDC Finance Limited has announced Rizwan Dawood Shams as the new Managing Director. With this appointment, Shams will take on full leadership responsibilities of IPDC, leveraging his rich experience spanning over 20 years in various facets of the financial industry.

He has been working as the Acting Managing Director of the company since January 2024. Shams joined the company in November 2007 and worked in different cross functional roles before being promoted as the first ever Additional Managing Director of the company in April 2021, says a press release.

Shams has been an integral part of the transformation which IPDC has gone through since 2015. During his journey at IPDC, his contributions were instrumental in making the company one of the fastest growing in the industry.

He has played a pivotal role in implementing different award-winning value chain financing initiatives in the field of CMSME financing, retailer financing and supply chain financing.

His contributions to support CMSMEs during Covid-19 pandemic was appreciated by the different entities including the central bank.

He has played an instrumental role in keeping IPDCs Non-Performing Loans (NPL) as one of the lowest in the industry.

Additionally, he has also reshaped the Treasury department to keep IPDCs liquidity at a healthy state.

Prior to joining IPDC, Shams held critical positions at Standard Chartered Bank, Habib Bank, and GSP Finance. He holds an MBA degree from Victoria University of Melbourne, Australia and obtained his BBA degree from North South University, Bangladesh. He has participated in different business training and seminars in Germany, Singapore, Thailand, Philippines, Malaysia, and India.
 
In response to the appointment, Shams said: "Stepping into the role of Managing Director of countrys first private sector financial institution, IPDC Finance is both an honor and a privilege. Despite having one of the lowest NPL in the industry, our focus will primarily be on NPL management alongside ensuring sustainable growth of the company and continue to keep ourselves aligned in upholding the highest standards of corporate governance through internal process optimization and collaboration with external stakeholders and regulators."



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