Maldives To Appoint CEO for International Financial Services Authority to Enhance Global Financial Presence

President Dr. Mohamed Muizzu has announced the appointment of a CEO for the Maldives International Financial Services Authority, established to facilitate international financial institutions. The position offers a flexible salary based on experience, along with allowances for housing, travel, and insurance. Candidates must have an MBA and 10 years of senior-level experience in financial sectors, covering areas such as fintech, cybersecurity, and global financial regulations. The newly formed authority, chaired by Abdulla Jihad, was established to bolster Maldives' global financial footprint.

The Maldives International Financial Services Authority, created in January under presidential authority, is tasked with ensuring compliance with international financial governance standards. This includes a deep understanding of frameworks such as Basel, IAIS, FATF, and other regulatory structures. The CEO role demands experience across a range of critical financial fields such as international financial reporting standards, payment systems, and governance structures within commercial and development financial institutions.

This move underscores President Muizzu’s long-term vision to attract global financial institutions to the Maldives, enhancing the country's economic growth.