Mohamed Ahmed has been appointed as the Chief Executive Officer (CEO) of the Capital Market Development Authority (CMDA).
Under the Maldives Securities Act, members of the CMDA Board of Directors are appointed by the President on the recommendation of the Cabinet. The CMDA announced that Mohamed Ahmed has now been appointed as the Authority’s Chief Executive Officer.
Mohamed Ahmed brings more than 40 years of experience in finance, banking, public administration and corporate governance. The Authority said it believes his extensive expertise will further strengthen the CMDA’s leadership and support the continued development of the organisation.
Over the course of his career, Mohamed Ahmed has held a number of senior positions in both the public and private sectors. These include roles at the Ministry of Finance, the Bank of Maldives and Allied Insurance. He is widely recognised for his expertise in economic development, public finance and organisational leadership.
In terms of his academic background, Mohamed Ahmed holds a Master of Business Administration (MBA) from Durham University Business School in the United Kingdom. He also earned a Bachelor of Business Administration (BBA) from the American University of Beirut.
The previous CEO of the CMDA was Mohamed Hussain Manik, who retired on 30 April this year.
The Capital Market Development Authority was established in 2006 as the Maldives’ independent regulator responsible for overseeing and developing the country’s capital market. Its key responsibilities include licensing participants in the securities market and safeguarding the rights and interests of investors.