IPDC Finance Limited has announced Rizwan Dawood Shams as the new managing director.

With this appointment, Rizwan will take on full leadership responsibilities of IPDC, leveraging his experience spanning over 20 years in various facets of the financial industry, said a press release issued on Wednesday.

Rizwan has been working as the acting managing director of the company since January 2024.

He joined the company in November, 2007 and worked in different cross functional roles before being promoted as the first ever additional managing director of the company in April 2021.

Before joining IPDC, Rizwan held key positions at Standard Chartered Bank, Habib Bank, and GSP Finance.

He earned an MBA from Victoria University of Melbourne, Australia, and a BBA from North South University, Bangladesh.

Additionally, he has participated in various business training and seminars in Germany, Singapore, Thailand, Philippines, Malaysia, and India.