tag:blogger.com,1999:blog-8277194968972250739.post6938460644889564345..comments2024-03-19T05:45:13.199+00:00Comments on Bangladesh Corporate Blog: Citibank NA has more reasons to stay in BangladeshUnknownnoreply@blogger.comBlogger7125tag:blogger.com,1999:blog-8277194968972250739.post-55331100440956360942011-05-18T23:44:22.554+01:002011-05-18T23:44:22.554+01:00can you believe it??? Mamun Rashid has copied my e...can you believe it??? Mamun Rashid has copied my elder brother's daily star article and published in the Prothom Alo (30 April) !! here is my brother's daily star piece published on 6 April 2011: http://www.thedailystar.net/newDesign/news-details.php?nid=180583<br /><br />Here is Mamunur Rashid's Prothom Alo piece published on 30 April 2011 :http://www.prothom-alo.com/detail/date/2011-04-30/news/150563Md. Kamrul Islamhttps://www.blogger.com/profile/10928164936380559614noreply@blogger.comtag:blogger.com,1999:blog-8277194968972250739.post-12716682396623673642011-05-18T01:42:29.980+01:002011-05-18T01:42:29.980+01:00This is very unfortunate for the country that it a...This is very unfortunate for the country that it always fails to identify Foxes while in search of Lions in all sectors.There are some talents who cries down others, elbows fellow colleagues like musclemen which does not require any business performance or social wisdom - but being a little wicked only. They of course learn from environment - a very good trait of course.AMS-02noreply@blogger.comtag:blogger.com,1999:blog-8277194968972250739.post-82589715722104621392011-04-16T07:56:09.594+01:002011-04-16T07:56:09.594+01:00Mamunur Rashid joined in BRAC Business School as d...Mamunur Rashid joined in BRAC Business School as director.Kasnoreply@blogger.comtag:blogger.com,1999:blog-8277194968972250739.post-73378054132384312972010-06-01T09:38:12.932+01:002010-06-01T09:38:12.932+01:00Despite that what Ridita has mentioned, for M.R no...Despite that what Ridita has mentioned, for M.R no indian or other nationals has got chance to work for citi bangladesh. Usualy it is a common practice in other MNC operates in Bangladesh.Here, citi is totally runs by the Bangladeshi talents.rehalnoreply@blogger.comtag:blogger.com,1999:blog-8277194968972250739.post-51736576306644648662010-03-29T15:26:28.035+01:002010-03-29T15:26:28.035+01:00not only citi i think its common in all banks...be...not only citi i think its common in all banks...being an ex MNC and a banker now, i think our corporate sector is yet to be global standard....@riditaKazi Kamal Hossainhttps://www.blogger.com/profile/03519099716864950652noreply@blogger.comtag:blogger.com,1999:blog-8277194968972250739.post-72497369994490890982010-03-27T17:14:34.062+00:002010-03-27T17:14:34.062+00:00I WORK FOR CITI N.A....NO MNC IN BD CAN AFFORD TO ...I WORK FOR CITI N.A....NO MNC IN BD CAN AFFORD TO BE SUCH UNORGANIZED LIKE CITI BANGLADESH.I WORK IN BRANCH OPERATIONS.............ON A FINE MORNING INSTRUCTION CAME THAT WE HAVE TO TAKE RAJUK HOUSING PROJECT APPLICATION FORMS...15 MINUTES LATER SHUTTER OF OUR BRANCH OPENED AND THOUSANDS OF PLOT SEEKER POUR IN TO OUR BRANCH....WE HAVENT HAD A SINGLE IDEA THAT WE HAVE TO MANAGE SUCH A HUGE CROWD EVEN THE DAY BEFORE....M.R IS PEACE OF SHEEEET....WORK FOR CITI THEN COMMENT>>>>>>>Unknownhttps://www.blogger.com/profile/18439669279211277222noreply@blogger.comtag:blogger.com,1999:blog-8277194968972250739.post-88232757843213017102008-12-23T19:28:00.000+00:002008-12-23T19:28:00.000+00:00Mamunur Rashid indeed has got a stellar profile an...Mamunur Rashid indeed has got a stellar profile and list of accomplishment which deserve lot of accolades. He is indeed a role model for aspiring Bangladeshi professionals who are working here in Bangladesh. I must thank the writer to give him the due applause.<BR/><BR/>The write up could be more interesting if the writer could throw some light about how Mamunur Rashid has achieved his success or how he could build CITI Bangladesh from grounds up. But I am not sure whether the writer is well aware of how does Bangladesh CITI bank and/or Mr. Mamunur Rashid operates or even how the Bangladesh corporate world operates. <BR/><BR/>Anyway I can share some of my learning about Bangladesh CITI and Mr. Mamunur Rashid as I have been fortunate to be part of some business deals making in which Mamunur Rashid was also involved closely. This may help us to appreciate Mamunur Rashid, his success, or his style of working. I have found that Mamunur Rashid is hands on type of professional rather than operating from infamous banking bin counter. For example, about 3 years back I saw that Mamunur Rashid himself went to make a presentation to the MD of a medium sized local business though the business deal was not so lucrative or promising. But still he did not depend on his RMs(Relationship Managers) though HSBC or Standard Chartered always send RMs in such cases or at least in the initial stages. This attribute of his working style(personal involvement in client management) made him successful to build and grow the business fast. But it also says that he may not be the kind of leaders who would like to develop his followers. Once upon a time HSBC or Stand Chat guys used to call him a GLORIFIED RM with the designation of CEO. But I am not sure whether they call him the same today. <BR/><BR/>It is really true that Mamunur Rashid actively manages many thing( not everything) in Bangladesh. But there is a big “IF”. What is this IF? It is if the client is of Bangladeshi origin or if the client’s Global or Regional HQ is not having any existing relationship with CITI’s regional HQ in Mumbai. CITI Bangladesh is under the purview Mr. Sanjay Nayar, CEO of CITI Bank India as he is also the regional head of Bangladesh and Sri Lanka. Mr. Rashid often travels to Mumbai to report to Mr. Nayar. So, NY bankers may not be interfering much into Mamunur Rashid’s work but Mr. Sanjay Nayar might be having ample time to dictate Mamunur Rashid at least on big business decisions. For example, I was involved in an M&A deal about 3 yrs back. For that deal we raised a big amount of money to do the deal in the form of LBO. It was a big competition amongst CITI, Stand Chat and another foreign bank to get the business. CITI at some point cut the interest rate to such an extent that we could just took the loan from CITI and deploy it into any fixed deposit scheme and earn at least 1% profit. In this big rate cut decision Mamunur Rashid was not having any say because the whole deal was controlled from Mumbai and locals were just intermediary (in writer’s words they might be called SOME PUPPETs exchanging papers and emails) between us and Mumbai regional HQ of CITI. I thought that Mamunur Rashid might have changed that scenario and now a day he has gained lot more independence and authority. So, I just phoned some people who are well connected with CITI Bangladesh and its high officials including Mamunur Rashid. It seems that scenario has not changed so much. Mumbai HQ is still having the last say regarding any big business decisions or clients having tie up with CITI in some other countries before. For example, I have heard that for the Grameen IPO, major decisions and guidelines are coming from Mumbai. In this vein, Mamunur Rashid may not be so different deal from those so called glorified plant managers with CEO designation. What makes Mamunur Rashid different is his leadership initiative to promote Bangladesh as an attractive investment destination as well as transforming himself as a thought leader in banking/ FOREX or monetary/fiscal/investment policy. For example, he was instrumental in arranging for the Bangladesh Investor Summit in 2007.the_skywalkerhttps://www.blogger.com/profile/00826509323152121517noreply@blogger.com