Prime Insurance Company Ltd.

Mr. Md. Akter Hossain Sannamat FCA, FCS

Position: Independent Director
Division: Board of Directors

Born in 1967, Mr. Sannamat did his Bachelor’s and Master’s in accounting from the University of Dhaka securing first class in both the degree programs. A dynamic and versatile corporate leader, Mr. Sannamat has qualified as a Chartered Accountant from the Institute of Chartered Accountants of Bangladesh (ICAB) and as a Chartered Secretary from the Institute of Chartered Secretaries of Bangladesh (ICSB). For demonstrating extraordinary skills and outstanding contribution towards incredible growth in terms of financial & operational results, transparent & adequate disclosures in corporate reporting, and good governance practices, Mr. Sannamat steered many national and international awards like SAFA and ICAB National Awards for Best Published Annual Reports, ICMAB Best Corporate Performance Award, ICSB Corporate Governance Excellence Award, SME Banking Award 2014 (“Small Entrepreneurs’ Friendly NBFI of the Year”). He was also awarded The Financial Mirror-Robintex Group Business Award 2009-10, BBJS Award 2008 and Outstanding Business Person of the Year 2007-08.

Mr. Sannamat has served as a Member of Standing Committees of the Dhaka Chamber of Commerce & Industries namely “Bangladesh Energy Security – 2021” and “Financial Institutions (Money Market, Bank, Insurance, NBFI, VC & Capital Market) – 2021”. Mr. Sannamat has been serving as an Independent Director and the Chairman of the Audit Committee and Nomination & Remuneration Committee of Prime Insurance Company Limited. He served as the Member of the Board of Trustees of Primeasia University, Dhaka. He was the Chairman of the Technical Committee (General Banking) formed by the Institute of Chartered Secretaries for Evaluation of Annual Reports of contenders from the Banking Sector for ICSB Corporate Governance Excellence Award – 2021. He is a Member of the General Body of CARSA, a non-government organization.

On top of that, Mr. Sannamat’s other external engagements are enumerated hereafter. He served as the (i) Vice President, Bangladesh Merchant Bankers Association (BMBA); (b) Member of Executive Committee, Bangladesh Leasing & Finance Companies Association (BLFCA); (c) Member of the Executive Committee and Audit Committee of the Institute of Bankers Bangladesh (IBB); (e) Core Team Member formed by the Central Bank of Bangladesh in formulating ‘Guidelines on Credit Risk Management for NBFIs’; (f) Member of the “Panel of Experts of Dhaka Stock Exchange (DSE)”; (g) Member of different committees including Taxation & Law Committee of Institute of Chartered Accountants of Bangladesh (ICAB); (h) Member of the Board of Director of UNICAP Investments Limited and UNICAP Securities Limited, and PFI Securities Limited; (i) Member of the Board of Director of PFI Securities Limited and Prime Finance Capital Management Limited; (j) Members of the Board of Directors of Prime Islami Life Insurance Company Limited; (k) Adjunct Faculty and regular speaker of the Bangladesh Institute of Capital Market (BICM), ICAB and ICSB (l) Member of DCCI’s Standing Committee on ‘FDI, Capital Market & Portfolio Management’; (m) Treasurer of CARSA, a non-government organization. Mr. Sannamat was elected as the Council Member of the Institute of Chartered Secretaries of Bangladesh [ICSB] for the term 2010-2013.

Mr. Sannamat in his outstanding career of 27 years of service served in the leadership position of various companies like the Chairman and CEO of Omera Logistics Limited, the CEO of Omera Fuels Limited and Omera Tank Terminals Limited, the CEO & Managing Director of Union Capital Limited, the Managing Director of Prime Finance & Investment Limited, Chief Financial Officer (CFO) of Omera Petroleum Limited and Omera Cylinders Limited and the Chief Consultant of Aziz Halim Khair Choudhury, Chartered Accountants, an Exclusive Correspondent Firm of PKF International, UK.