UCB MD resigns

United Commercial Bank Ltd Managing Director AE Abdul Muhaimen on Wednesday submitted his resignation just a year after he was appointed for a three-year term.

Muhaimen tendered his resignation at a meeting of the board of directors, citing personal reasons.

As per the board decision, Arif Quadri, additional managing director of the bank, will take over the role of the acting managing director.

Muhaimen joined UCB in July 2013 as an additional managing director and was promoted to managing director in July last year. Prior to that, he was the managing director of National Finance Limited.