BRAC Saajan Exchange Limited

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

Mr. Abdus Salam

Designation : Managing Director & CEO


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 Ltd (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.



Mr. Rais Uddin Ahmad

Designation : Company Secretary


Mr. Rais Uddin Ahmad has been working in the banking sector since 1994. He started his career with ANZ Grindlays Bank, Bangladesh. He joined BRAC Bank Limited on March 2005 as Company Secretary and Head of Risk Management. He also worded with Standard Chartered Bank from 2002 to 2003 as Acting Head of Legal & Compliance. Concurrently he was the Integration Manager for SCB & ANZ Grindlays. 

After that he served as Manager Compliance with Standard Chartered Bank in UAE, Presently Rais Uddin Ahmad is working with BRAC Bank Limited as Company Secretary & Head of Legal, Regulatory & Internal Control. He Attended many local and foreign training on Compliance. Internal Control and Money Laundering. He has 16 years of working experience in Business, Regulatory & Internal Control and Company Matters in the Banking Sector. He was involved with Bangladesh Bank’s Core Risk Management Project & worked closely on AML related issues. He obtained Masters of Social Science (Public Administration) from Dhaka University.



Mr. Ivan Castillo Garcia

Designation : Head of Global Compliance & Chief Information Officer


Ivan was born in Guayaquil, Ecuador, has long experience in the Paying Industry, started in 2001, first as Compliance & IT Manager at Romero Transfer and Courier SA,  and then as an independent consultant since 2004 at Franch Castillo Asesores SLL, of which he is a founding partner, advising and managing a history of 10 authorized payment institutions, in various topics ranging from compliance in the Prevention of Money Laundering, accounting, tax, commercial, Reporting and Inspections from Supervisors. He joined BRAC Saajan Exchange in 2016 as Head of Global Compliance & Risk.

Ivan has participated as an expert proposing amendments and improvements to the Regulation of the law of Money Laundering Prevention and terrorism financing, he has also participated as an expert in court in Spain on issues of Payment Entities, and as an expert in Money Laundering Prevention.

His academic education includes a degree in Economics from the Catholic University of Guayaquil and a Master in Information Systems by ESPOL / UQAM, Is also member of the Madrid Economist Association.

Ivan also has extensive experience as a trainer, was visiting professor at the Universidad Catolica de Guayaquil 1999-2001, He has also been a coach on several occasions in Money Laundering Prevention courses in Spain, Portugal, UK, and Bangladesh. He has written numerous Money Laundering Prevention manuals in Spanish and English for Paying Institutions.

Finally say that Ivan has had experience as a Consultant Integrator of various accounting systems and ERP, as well as Technology Vendor, was a trainee at Arthur Andersen and Co when he began his working life.



Mr. Ola Olayinka

Designation : Manager Risk, AML & Compliance


Ola is a broadly experienced compliance and risk management professional with twenty year experience in banking, corporate finance and funds transfer services. A financial crime control expert with a thorough knowledge of evolving operational and regulatory policies acquired from management roles at various banking institutions. Ola has a legal background with deep knowledge and application of Anti Money laundering legislation and procedure. A process improvement/change expert with a track record of evaluating and internalising best practices across business divisions and jurisdictions, undertaking risk and control assessment with reporting and testing of internal procedures in compliance with regulations of authorities such as the Financial Conduct Authority (FCA) and its counterparts in international markets. He executes these functions successfully while maintaining a delicate equilibrium with resident business stakeholders. He is a football enthusiast, married with three children.



Mr. Mohammed Shakil Ahmad

Designation : Head of Operations


Mr Mohammed Shakil Ahmad joined BRAC Saajan Exchange Limited (BSEL) as Head of Operations from December, 2016. He has 10 years’ experience in Payment Services Business and a strong expertise in strategic business planning and execution. His vast experience also includes Integration of front & back office operations, operational risk management, profit & loss management, treasury & fund management, Anti-money laundering compliance, current industrial practice.

Prior to joining BSEL, Mr Shakil was holding various positions as Head of Operations, Money Laundering Reporting officer (MLRO) and Company Secretary at PBL Exchange (UK) Limited, subsidiary of Prime Bank Limited Bangladesh; since July 2010. With his managing & networking skills he managed to convert PBL Exchange into a reliable, trustworthy and well reputed organisation.

In 2008, Mr Shakil got a position in the UK operation of “UAE Exchange”; one of the leading global exchange houses of Middle East. In 2007, he was working in another UAE based group Emirates post’s subsidiary “Wall Street Forex UK Limited” which was one of the longest operating Forex and Money transfer company in UK.

At the early stages of his career, he worked in one of the renowned business groups in Bangladesh, in the corporate office of “Abul Khair Group” in Dhaka. Then he moved to UK permanently in 2003.

Mr Shakil holds his post-graduation with honours in Physics. He attended many internal & external training sessions. 



Mr. Hadayetul Islam

Designation : Manager, Corporate Relations


Mr Md Hadayetul Islam has been working in the banking sector since 2005. He has started his career with BRAC Bank Limited, Bangladesh. He joined BRAC Bank Limited on May 2005 as Customer Service Officer in Retail Banking. He was involved with “Core Banking Migration Project 2007” of BRAC Bank Limited. 

He has moved to United Kingdom on March 2008. He has worked for Saajan Worldwide Money Transfer Ltd for Two years. He has joined BRAC Saajan Exchange Limited on July 2013. 

He obtained Masters of Social Science (Economics) from Shahjalal University of Science and Technology (SUST), Bangladesh.



Mr. Cyprian Gomes

Designation : Manager, Business Development


Cyprian has joined the BRAC Saajan team on the 8th of March 2011 just after the inception of BRAC Saajan Exchange Ltd. He is one of the members of the launching team. He has made major contributions in developing various policies and procedures for the then-recently incepted Company, including but not limited within the HR Policy, AML Compliance Policies & Procedures, Agency Recruitment Policy, and the Operational Manual. During the later years, he also led various other policy making and major IT development projects within the Organization. He also participated in consultations with HMRC in various AML/CTF related projects between 2012 and 2016.

Besides his interest in Policy-making, Cyprian is also very keen in development and implementation of business strategy. With in-depth understanding of the UK and EU AML/CTF regime, business strategies, and being a goal-oriented person, Cyprian is currently heading the Business Development Team.

Cyprian has started his career at ASDA, a sister concern of Wal-Mart in 2007. He continued working there till March 2011. Cyprian has completed his Bachelor’s degree in Business Administration in August 2007 from East West University of Dhaka, followed by his Masters of Science in Management & Finance from the Birmingham City University (former University of Central England) in November 2008. Cyprian has interest in graphic designing, IT, social media marketing, start-ups and driving.



Mr. Shuaib A Chowdhury

Designation : Manager, Collections, Recovery and Communications


After completing an MSc degree in Biological Sciences Mr Chowdhury started his career in the pharmaceutical industry. He has worked for the world renowned GlaxoSmithKline (GSK) pharmaceutical company as a Medical Promotion Officer. 

Mr Chowdhury first arrived to the UK in 1998 as a student and successfully completed a Postgraduate Course at the University of Northumbria in 1999. After that, he went on to work in various organisations in catering, Hospitality and Tourism Management. 

In 2005 Mr Chowdhury started working for Saajan Worldwide Money Transfer as a manager. He managed a team and supervised areas like forex dealing, agency recruitment, collection of funds.  As a result of Mr Chowdhury’s firm but fair policies he was able to prevent the misuse of company funds by agencies. During Mr. Chowdhury’s first five years he worked very hard and contributed huge toward establishing the Saajan as a brand name all over the UK and also internationally.

Since 2013, Mr Chowdhury has been working for BRAC Saajan Exchange Ltd. (BSEL) as a Business Relations Manager. 

Mr Chowdhury is married with two children. He has good connections with his extended family members who reside in Bangladesh and Australia.