Male’, Maldives – Former CEO of Maldives Pension Administration Office (MPAO) Mohamed Hussain Manik has been appointed as the CEO of Capital Market Development Authority (CMDA) by the President on Thursday.
President Ibrahim Mohamed Solih filled CMDA’s CEO position, under the Securities Act, after it had remained vacant for over a year since the resignation of former CEO Naadiya Hassan.
Hussain Manik had worked as the MPAO’s CEO since the office was established till he left the post in December 2019. He had also served as the Maldivian Ambassador to the United States as well as filled several senior positions in former Department of Finance and current Ministry of Finance.
Prior to Hussain Manik’s appointment, President Solih on Monday, appointed former Deputy Governor of Maldives Monetary Authority (MMA) Zahira Hassan as CMDA’s Chairperson.
CMDA’s board is now arranged with Aishath Zahira as Chairperson, Mohamed Hussain Manik as Chief Executive Officer, Aishath Nadiya as Senior Executive Director, Maldives Monetary Authority as well as Ahmed Siraj as Senior Executive Director, Secretary General/ Privatization and Corporatization Board, Finance Ministry. In addition to this, the board also includes Maryam Wisam as Registrar of Companies, Fathimath Shafneez and Rifaa’ath Jaleel as Private Sector Representatives.