Faruq Ahmad Siddiqi is a retired secretary and former Bangladesh Securities and Exchange Commission chairman.[1] [2] [3] He is a former tax policy member of the National Board of Revenue.
Siddiqi is an independent director of Mutual Trust Bank.[4]
Siddiqi did his bachelor's degree and masters in English literature and language from the University of Dhaka in 1966 and 1967 respectively.[5]
From 2001 to 2006, Siddiqi served as secretary of the Ministry of Posts, Telecommunications and Information Technology, Ministry of Education, and Ministry of Commerce. From 2006 to 2009, he was the chairman of Bangladesh Securities and Exchange Commission during the Fakhruddin Ahmed led Caretaker government. He had warned against overevaluation of shares before entering market.[6] He retired in March 2009 and was replaced by acting chairman Mansur Alam.[7]
Siddiqi was an independent director of Summit Power International Limited. He is a member of the Rating Committee of the Credit Rating Agency of Bangladesh Limited.[8] He had served as an independent director of Al- Arafah Islamic Bank Limited.[9] He is a former director of Apex Tannery Limited and Runner Motors Limited.
In January 2021, Siddiqi joined Mutual Trust Bank as an independent director.[10] In September 2021, Siddiqi stated that the Bangladesh Securities and Exchange Commission needs to work closely with Bangladesh Bank but there was no need for alarm over the stock markets.[11] He was critical of the low quality companies offering IPOs.[12]
In 2024, Siddiqi blamed the declining index of Dhaka Stock Exchange on panic created by poor performance of various economic indicators of Bangladesh.[13]