President Dr Mohamed Muizzu has nominated Aishath Asna Hamdhy for the post of Deputy Governor at the Maldives Monetary Authority (MMA), following the resignation of former Deputy Governor Ahmed Imad in March.
The nomination was formally submitted to Parliament and read during Wednesday’s sitting. It has now been referred to the Public Accounts Committee for review prior to a final vote in the full chamber.
Asna currently serves as the Managing Director overseeing MMA’s Financial Sector Development division. She has been employed at the central bank for approximately 15 years and has held various senior roles, including Executive Assistant Director and Senior Manager, prior to her current appointment.
Her promotion to Managing Director followed structural changes introduced by MMA Governor Ahmed Munawwar, who reclassified department head roles to Managing Director positions upon taking office in November. The reorganisation allowed for more clearly defined leadership across the institution, with managing directors now serving fixed terms of five years, renewable once.
The deputy governor position became vacant after Ahmed Imad stepped down amid parliamentary scrutiny. His resignation followed controversy surrounding a decision by the MMA board to purchase land in Hulhumalé for MVR 14 billion to develop a financial centre. Imad had publicly opposed the move, and a no-confidence motion against him had been filed at the time of his departure.
Asna’s nomination now awaits committee deliberation and parliamentary approval before she can assume the second-highest post within the central bank.
