Mohammed Nasir Uddin Chowdhury has recently been elected chairman of MIDAS Financing for a two-year period.

The election took place at the company's 303rd board meeting, says a statement.

The company also appointed Md Atiar Rahman Ansary, the general manager, as managing director (current charge).

Chowdhury is currently serving LankaBangla Securities as managing director and LankaBangla Investments as director. He was also the managing director of LankaBangla Finance.

Chowdhury also served LankaBangla Securities Limited as chief executive officer. He completed his post graduation in marketing from the University of Chittagong. Ansary joined MIDAS as an entry level officer in 1987. He completed his bachelor's and master's from the University of Dhaka.