City Bank appointed Mesbaul Asif Siddiqui, deputy managing director, as the new head of wholesale banking.

Prior to assuming this new responsibility, Asif was serving the bank as the chief risk officer, said a press release.

He began his career at Eastern Bank as a management trainee in 1999.

Over the years, he gained experience in wholesale banking, working at the Commercial Bank of Ceylon and HSBC.

Since joining City Bank in 2015 as executive vice-president in corporate banking, Asif has been instrumental in driving the bank's sustainability agenda and green financing initiatives.

Asif obtained an MBA in finance from the University of Dhaka and an MBM from the Bangladesh Institute of Bank Management.

The bank also appointed Mohammad Mahmud Gony to the post of deputy managing director (DMD). Gony will serve as head of corporate banking concurrently.

He was serving the bank as the head of commercial banking and cluster head of the RMG and textile unit.

His career began at City Bank as a management trainee in 2001.

In 2010, he briefly joined another local bank, contributing to its wholesale banking operations before returning to City Bank in 2017 as head of commercial banking.

With 24 years of experience in corporate banking and credit risk management, Gony has been a key driver of business growth, particularly in expanding loan portfolios, increasing trade volumes, and enhancing non-funded income streams.

He holds a master's degree in agricultural economics from Bangladesh Agricultural University and an MBA in marketing from the University of Dhaka.