Dhaka, June 4 -- The new Bangladesh Securities and Exchange Commission (BSEC) Chairman Masud Khan has said the regulator's key focus is to build a more institution-driven capital market.

He said the regulator wants to transform the country from a retail-driven frontier market into an emerging market backed by stronger institutional participation.

"It is unfortunate that the capital market has not evolved in line with the country's economic growth," he added.

On Thursday, Masud arrived at the BSEC Headquarters in Agargaon with commissioners Nahid Mahtab, Tanwir Habib Rahman and Nafeez Al Tarik and outlined the new commission's priorities.

Earlier in the day, former chairman Khondoker Rashed Maqsood resigned from the post.

Four commiss...