Gov’t Seeks CEO for International Financial Services Authority

MV+ News Desk | October 24, 2024

The government has announced that the International Financial Services Authority (IFSA) is seeking a qualified candidate for its Chief Executive Officer (CEO) position.

In an announcement by the Ministry of Economic Development and Trade, the ministry stated that the role will be for a five-year term, with the final remuneration and allowances to be determined following an evaluation of the candidate’s experience and negotiations.

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Applicants are required to hold a Master’s in Business Administration (MBA) from a recognised institution, alongside an undergraduate degree in finance, economics, or public policy.

The ideal candidate must have extensive knowledge of insurance, banking, and finance, as well as international financial systems and practices. Additionally, they must have a minimum of 10 years’ experience in a senior role within relevant sectors.

The compensation package for the CEO will include not only remuneration and allowances but also accommodation, travel allowance, and insurance.

IFSA was established by President Dr Muizzu on 21 January, under the authority granted to him by the Maldives Constitution. The agency operates under the Ministry of Economic Development and Trade, with former Vice President Abdulla Jihad having been appointed as Chairperson.

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