The Man Behind Bangladesh’s Investment Momentum
In the rapidly evolving economic landscape of Bangladesh, leadership plays a pivotal role in shaping the nation’s investment climate. At the forefront of this transformation is Ashik Chowdhury, the Executive Chairman of both the Bangladesh Investment Development Authority (BIDA) and the Bangladesh Economic Zones Authority (BEZA). His extensive experience in finance and investment, combined with a dynamic approach to leadership, positions him as a key figure in steering Bangladesh towards a prosperous investment future.
Early Life and Education
Born as Chowdhury Ashik Mahmud Bin Harun in Chandpur, Bangladesh, Ashik’s formative years were spent in Jessore due to his father’s professional commitments. He pursued his secondary education at Sylhet Cadet College, where he was part of the 21st batch. Demonstrating academic excellence, Ashik earned a Bachelor of Business Administration from the Institute of Business Administration (IBA) at the University of Dhaka. His quest for advanced knowledge led him to London Business School, where he completed a master’s in finance. Further solidifying his expertise, he achieved the esteemed Chartered Financial Analyst (CFA) designation.
Professional Journey
Early Career
Ashik’s professional trajectory commenced in February 2007 as a Territory Officer at British American Tobacco. By August of the same year, he transitioned to Standard Chartered Bank, serving as a manager in the Lending Strategy and Financial Planning Division until March 2011. His entrepreneurial spirit was evident when he co-founded “The Bench,” Bangladesh’s inaugural sports bar, showcasing his ability to identify and capitalize on niche market opportunities.
International Experience
In October 2012, Ashik joined American Airlines in London as a financial and strategic analyst. Over nearly seven years, he ascended to the role of Head of Finance for Europe and Asia, overseeing significant financial operations across two continents. His tenure at American Airlines honed his skills in strategic financial management and cross-border operations.
Ashik’s commitment to education and knowledge dissemination was evident during his stint as a visiting professor at the Bangladesh University of Professionals. Additionally, he served as an advisor to the Grameen Telecom Trust, reflecting his dedication to leveraging finance for social impact.
His career then took him to HSBC, where he held significant positions in both Bangladesh and Singapore. Notably, he was the Associate Director of Infrastructure Finance Investment Banking, specializing in infrastructure and sustainable finance. This role equipped him with a deep understanding of large-scale investment projects and sustainable development initiatives.
Leading BIDA and BEZA
A Historic Appointment
In September 2024, Ashik was appointed as the Executive Chairman of both BIDA and BEZA. This was a landmark decision, as he became the first person from the private sector to head these two major government bodies. The appointment represented a strategic move by the government to bring private sector efficiency and innovation into public administration.
A New Vision for Investment
Ashik brought a fresh vision to BIDA and BEZA. He emphasized a relationship-based model of investment promotion. According to this model, building long-term relationships with investors is more effective than transactional engagements. The goal is to create trust and credibility between the government and investors.
In addition, he sought to reshape how Bangladesh is perceived globally. He believed that one of the best ways to improve the country’s image is by sharing success stories. These stories not only attract new investors but also reinforce confidence among existing stakeholders. Through consistent communication, Ashik worked to highlight Bangladesh’s advantages — a young and dynamic population, a growing skill base, and improving infrastructure.
Improving Governance and Policy
Ashik recognized that policy inefficiencies and bureaucratic hurdles often discourage investment. To address this, he introduced an impact-based reforms model. This model helps identify the most urgent problems and solve them quickly. He also pushed for building strong institutional processes to make these improvements sustainable over the long term.
One of his key initiatives was the launch of D-Nothi, a digital file management system, in November 2024. This tool streamlined approval processes and enhanced inter-agency coordination. As a result, it reduced red tape and made it easier for investors to navigate regulatory requirements.
Achievements and Ongoing Efforts
International Engagements and Investment Summits
To attract foreign investment, BIDA organized a major summit from April 7–10, 2025. This event brought together CEOs from top multinational companies as well as local startups. The summit served as a platform for dialogue, collaboration, and partnership. It was also an opportunity to showcase the progress Bangladesh has made in creating an investor-friendly environment.
Moreover, Ashik’s international outreach included a visit to the UK in March 2025. During the visit, he met with British government officials and business leaders. Their discussions focused on expanding cooperation in sectors like education, aviation, and renewable energy. These engagements are essential for positioning Bangladesh as a competitive investment destination.
Advancing Renewable Energy and Sustainability
Sustainability is one of Ashik’s core priorities. He has been a vocal advocate for ESG (Environmental, Social, and Governance) investment. In December 2024, BIDA and BEZA hosted a delegation from China. These companies were interested in investing in Bangladesh’s renewable energy sector. Ashik views this sector as vital for future growth and a cleaner environment.
Furthermore, Ashik supports the Chief Adviser’s “Three Zero” Vision: zero poverty, zero unemployment, and zero carbon emissions. By promoting ESG principles, Ashik aims to align investment strategies with national development goals. His approach ensures that economic growth also brings social and environmental benefits.
Supporting Startups and Inclusive Growth
Ashik believes that the future of Bangladesh’s economy lies not only in big industries but also in startups and small businesses. Under his leadership, BIDA has created programs to support young entrepreneurs. These initiatives include training, mentorship, and easier access to funding.
In addition, he champions inclusive growth. This means making sure that people from all regions and walks of life benefit from economic progress. Special focus is given to women entrepreneurs and rural investors. By doing so, Ashik is helping create a more balanced and fair economic landscape.
Looking Ahead
Ashik Chowdhury’s leadership is setting new benchmarks for public administration in Bangladesh. By combining private sector expertise with public sector responsibility, he is bridging gaps that have long hindered progress. His initiatives are not just about policy — they are about changing mindsets.
Looking ahead, the road is still challenging. However, with leaders like Ashik at the helm, Bangladesh is better positioned to navigate the complexities of global investment. His focus on sustainability, governance, and inclusivity will continue to shape the country’s economic destiny.
Ashik Chowdhury is more than just an executive. He is a visionary with a mission to transform Bangladesh’s investment landscape. His career path, marked by global experience and local impact, reflects a deep understanding of both markets and people. By focusing on reform, sustainability, and relationship-building, Ashik is laying the foundation for a future where Bangladesh can attract, retain, and grow investment like never before.
In a world where economic competition is intense, Bangladesh needs forward-thinking leaders. Fortunately, with Ashik Chowdhury leading BIDA and BEZA, the country is not just participating in the global race — it is aiming to lead.
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