BRAC Saajan Exchange Limited

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About Us
BRAC Saajan Exchange Ltd
Financial Statements
Shareholding Structure
Principle & Purpose
Product & Services
Product & Services
Accounts & Deposits
Remittance Points
Remittance Points
List of Worldwide Agents & Exchange Houses of BRAC Bank Limited
BRAC Bank branches

Mr. Kazi Mahmood Sattar

Designation : Chairman

Mr. Kazi Mahmood Sattar was appointed as a Director to the Board of BRAC Saajan Exchange Limited in November 2015. Mr. Sattar has over 32 years of illustrious career in local and international banks. He has led The City Bank Limited and Eastern Bank Limited as the Managing Director & CEO in the last thirteen years. He is currently the Chairman of the Board of RSA Advisory Limited, an asset management company and Partner of RSA Capital, a boutique investment bank. He started his career with ANZ Grindlays Bank as Management Trainee in 1981. He worked overseas with ANZ Grindlays Bank in Mumbai, India and Melbourne, Australia. Mr. Sattar graduated in 1981 from Dhaka University with a Bachelors in Business Management (Honours) having a major in Finance. He was the Chairman of Association of Banker’s Bangladesh, the SWIFT User group in Bangladesh, the Board of City Brokerage Limited and City Bank Capital Resource Limited. He was awarded The Best Leadership Award by Asian Banker in 2010. He is married with two daughters. He enjoys travelling and cricket.

Mr. Selim R. F. Hussain

Designation : Director

Mr. Selim R. F. Hussain joined BRAC Bank Limited as the Managing Director & CEO on November 8, 2015. Mr. Hussain is a career banker and an immediate past CEO & Managing Director of IDLC Finance Limited who is widely recognized and highly acclaimed across the financial sector for being the architect of IDLC Finance’s meteoric rise over the past six years. He was also the Chairman of the Board of Directors from 2010 to 2012 of IDLC Finance’s two subsidiaries – IDLC Investments Limited and IDLC Securities Limited. Mr. Hussain has an Honours degree in Accounting from Dhaka University and an MBA (Major in Finance) from the Institute of Business Administration, also from Dhaka University. He worked in various roles with the two largest multi-national banks in Bangladesh, ANZ Grindlays Bank and Standard Chartered Bank, for twenty four years, before moving to the IDLC Group in 2010. He has resided and worked in India and Australia for significant periods of his career and, prior to taking over the helm at IDLC Finance Limited, was the Head of Finance & Strategy for Standard Chartered Bank's Consumer Banking Division in Mumbai, India. Mr. Hussain was also CFO for Standard Chartered Bank, Bangladesh, from 2002 to 2007. Hussain was also a Director at the Credit Rating Agency of Bangladesh (CRAB) and the Vice Chairman of the Bangladesh Leasing & Finance Co Association (BLFCA) since 2012. Hussain is married with one son and aside from enjoying reading and traveling, he is a keen cricket and football enthusiast.

Mr. Abdus Salam

Designation : Director

Mr Abdus Salam; born in Bangladesh, had immigrated to England in 1978 to partake in studies invoking his ample passion for business. He initially began his business endeavour in 1993 through the opening of an Asian fashion retail store in the name of Saajan, in the West Midlands. 

With over 20 years of business management history; he has great expansion plans and has a vision to enter several untapped remittance and other potential business opportunities across borders. 

Mr Salam has vast experience in retail, travel industry, catering and hotel business but presently he is more focused in the remittance and other financial businesses. As an NRB and migrant himself, Mr Salam has always been in the effort to ensure that the hard earned money of any NRB should get to the family members in the most fastest, trustworthy and reliable way. That is why his major concentration was in the remittance market to provide the best solution for the NRBs. This actually benefits our motherland as it directly adds to the country’s overall economy. In his eyes, this is the best way to serve the country as well as the community. 

What started out as a small shop called “Saajan Worldwide Money Transfer Ltd” in the Lozells road of Birmingham has now become the brand name, BRAC Saajan Exchange Limited (BSEL). His relentless effort has made BSEL what it is today. 

Through his simple but effective leadership and direction, BSEL has spread its presence in 31 cities across UK through agency network, in France by acquiring another French company, and in Greece, Italy and Spain by appointing agents; and BSEL is now also catering the needs of Indians, Sri Lankans and Pakistanis.