Dhaka, June 4 -- The government has appointed Masud Khan as the Chairman of Bangladesh Securities and Exchange Commission (BSEC) as part of its efforts to strengthen the country's capital market regulatory framework.

The Financial Institutions Division of the Ministry of Finance issued a notification in this regard on Thursday.

According to the notification, Masud, Group CEO of Crown Cement PLC, has been appointed Chairman of the BSEC for a four-year term under Section 5(2) of the BSEC Act, 1993.

The notification said he will assume the new role subject to relinquishing all employment and professional engagements with Crown Cement and other organisations.

Under the terms of his appointment, he will receive government pay, allowances a...