Mohamed Ahmed appointed CMDA’s CEO

Mohamed Ahmed has been appointed as the Chief Executive Officer (CEO) of the Capital Market Development Authority (CMDA).

Mohamed Ahmed brings more than 40 years of experience in finance, banking, public administration and corporate governance. Over the course of his career, he has held senior positions in both the public and private sectors, including at the Finance Ministry, the Bank of Maldives and Solarelle Insurance.

He holds a Master of Business Administration (MBA) from Durham University Business School in the United Kingdom and a Bachelor of Business Administration from the American University of Beirut.

According to the CMDA, Mohamed Ahmed's extensive experience and leadership are expected to strengthen the authority's efforts to further develop the Maldives' capital market.

Under the Maldives Securities Act, members of the CMDA Board of Directors are appointed by the President on the advice of the Cabinet.

The position of Chief Executive Officer was previously held by Mohamed Hussain Manik, who retired on April 30 this year.

Established in 2006, the CMDA is an independent institution responsible for regulating and developing the capital market in the Maldives. Its key mandates include licensing participants in the securities market and protecting the interests of investors.