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Appointment of new President and Vice-President of SAFA for the year 2021

Mr. A K M Delwer Hussain, Council Member of the Institute of Cost and Management Accountants of Bangladesh has been appointed as President of South Asian Federation of Accountants (SAFA) and Mr. Hennayake Bandara, Vice President of the Institute of Certified Management Accountants of Sri Lanka has been appointed as Vice- President of SAFA for the year 2021 w. e. f. January 1, 2021. This is the first time that CMA Sri Lanka representative has been appointed as the Vice President of SAFA since its admission as member in 2010.

Mr. A.K.M. Delwer Hussain FCMA is a senior Fellow Member of the Institute of Cost and Management Accountants of Bangladesh (ICMAB). He has served ICMA Bangladesh as its President for two times in the year 2004 and 2013. He was elected as a Board Member and also Member of the Strategic Committee of the Confederation of Asian and Pacific Accountants (CAPA) in 2004. He is Principal & CEO of A K M Delwer Hussain & Associates. He is currently also Director of Agrani Equity & Investment Limited (A subsidiary of Agrani Bank Limited). He is also Member of Finance Committee of Bangladesh University of Engineering and Technology (BUET) and Member of Audit Committee of WASO Credit Rating Company BD Ltd. He is Chairman of WASO Engineers & Consultants (BD) Ltd. He is elected as Secretary General of Consultative Committee of State Owned Enterprises (CONCOPE).

Mr. Hussain has acted as Chairman of a State owned Corporation namely Bangladesh Sugar and Food Industries Corporation (BSFIC) from 2014 to 2019. Prior to taking this responsibility he was the Director (Finance) of BSFIC. He was nominated as the Director of Rupali Bank Ltd., Dhaka Power Distribution Company Ltd., (DPDC) Khulna Shipyard & Narayangonj Dockyard, Bangladesh Diesel Plant BDP, Bangladesh Institute of Capital Market (BICM) and Dhaka Stock Exchange (DSE) Limited.

Mr. Hennayake Bandara’s contribution to the field of Professional Education counts more than two decades in various capacities. He is a fellow (FCMA) and Founder Member of CMA Sri Lanka and joined the Council in 2012. He is the incumbent Vice President of CMA Sri Lanka. He has been associated with SAFA since 2005. He also had the opportunity of working very closely with all Sri Lankan Past Presidents of SAFA. Mr. Bandara is a Past President of Association of Accounting Technicians of Sri Lanka (AATSL), Past President of Association of Professional Bankers - Sri Lanka (APBSL), Treasurer, Organization of Professional Associations of Sri Lanka, Director, Institute of Bankers of Sri Lanka and Council Member of Sri Lanka Institute of Advance Technological Education.

He counts more than three decades of managerial experience in various industries of which two decades in the Banking & Finance Industry. He was a General Manager/ CEO of National Savings Bank in Sri Lanka, Chairman NatWealth Securities Ltd and Director of many companies including financial institutions. He also served as a Director of world Savings Bank Institute (WSBI) representing Asia & Pacific Region. He is the recipient of award for “Excellence in Business Management” at the SAFA-CMA Management Accounting Summit held in 2012. He was a member of the expert group appointed by the Governor of the Central Bank of Sri Lanka, based on a Cabinet decision, on the implementation of the “Stimulus Package for the Banking, Finance and Leasing Industry” to advise during the financial crisis. Currently, he serves as an Advisory Council Member of APBSL, Director, Prime Finance PLC, K seeds Investment Ltd and Council Member of Chartered Professional Managers of Sri Lanka.

About SAFA
South Asian Federation of Accountants (SAFA), a Network Partner of IFAC comprises of eleven accountancy bodies in South-Asian Region namely India, Pakistan, Bangladesh, Sri Lanka, Nepal/ Maldives and Afghanistan. Bhutan, where no accountancy body exists has been given an Observer status. SAFA has undertaken the leadership role in providing a new direction to the accountancy profession within the region and this Apex body has nearly 375,000 members affiliated with its member bodies. The Institute of Chartered Accountants of India is one of the founder members of SAFA and also hosts its Permanent Secretariat at New Delhi.

Mr. A K M Delwer Hussain,

President of South Asian Federation of Accountants (SAFA)

Mr. Hennayake Bandara,

Vice- President of SAFA