Arif Khan has stepped down as the managing director and chief executive officer of IDLC Finance Ltd as he plans to launch his own business.

He returned to the non-bank financial institution five years ago as the CEO after serving the Bangladesh Securities and Exchange Commission (BSEC). Since then, he steered the growth of IDLC Finance and brought down non-performing loans to a minimal level at a time when the financial industry is riddled with loan scandals.

Khan said he had no disagreement with the board of IDLC Finance. Rather, he wanted to do something on his own, he said.