Mohamed Ahmed Appointed CEO of Capital Market Development Authority
- Mohamed Ahmed has been appointed CEO of the Capital Market Development Authority (CMDA), bringing over four decades of experience in finance, banking, and public administration.
- He previously held senior roles at the Ministry of Finance, Bank of Maldives, and Solarelle Insurance, and holds an MBA from Durham University Business School.
- He succeeds Mohamed Hussain Manik, who retired on 30 April, and will support the CMDA's mission to develop the Maldives' capital market.
Mohamed Ahmed has been appointed Chief Executive Officer of the Capital Market Development Authority (CMDA), bringing more than four decades of experience across finance, banking, public administration and corporate governance.
His career includes senior positions at the Ministry of Finance, Bank of Maldives and Solarelle Insurance, spanning both the public and private sectors.
Mohamed Ahmed holds a Master of Business Administration from Durham University Business School in the United Kingdom and a Bachelor of Business Administration from the American University of Beirut.
He succeeds Mohamed Hussain Manik, who retired from the position on 30 April. The CMDA said his experience and leadership would support its work to further develop the Maldives’ capital market.
Established in 2006, the CMDA is an independent institution responsible for regulating and developing the country’s capital market. Its responsibilities include licensing securities market participants and protecting investors’ interests.
Under the Maldives Securities Act, members of the CMDA Board of Directors are appointed by the President following the advice of the Cabinet.
