Md Fayaz Alam, deputy managing director of Janata Bank PLC, has been elected chairman of IIDFC PLC.

The board of directors elected him at the company's 24th annual general meeting (AGM), held on 10 December at IIDFC's head office.

A director of IIDFC, Fayaz Alam is a senior banker with more than two decades of experience in the country's banking sector. He began his career in 1998 as a senior officer at Rupali Bank PLC and joined Janata Bank PLC as deputy managing director in April 2024.

During his career, he has worked across a wide range of banking functions, including human resources, corporate and consumer banking, international business, premium and retail banking, SME banking, compliance, credit administration, research and planning, reconciliation, card division, legal affairs, engineering, audit and inspection, monitoring, and sustainable finance.

Fayaz Alam holds both graduate and postgraduate degrees in Bangla from the University of Dhaka and later completed an MPhil from the same institution. He has also participated in numerous professional training programmes and workshops at home and abroad.