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The Boards of Maldives Securities Depository (MSD) and Maldives Stock Exchange (MSE) have approved a strategic leadership restructuring as part of their long-term institutional and market developmen...
Mohamed Hilmy
04 February 2026, 00:00
The Boards of Maldives Securities Depository (MSD) and Maldives Stock Exchange (MSE) have approved a strategic leadership restructuring as part of their long-term institutional and market development agenda.
Under the new structure, Noorbaan Fahmy has been appointed
Chief Executive Officer and Managing Director of MSD, and Chief Strategy
Officer of MSE, with effect from 1 January 2026. She has also been appointed to
the Boards of both institutions in her respective executive capacities.
The restructuring is aimed at strengthening strategic
ownership, enhancing governance frameworks, and reinforcing executive
accountability as MSD and MSE move into their next phase of development.
The Boards noted that the new leadership arrangement reflects a continued commitment to building resilient, transparent, and efficient capital market institutions, aligned with international best practices and the evolving needs of the Maldivian financial sector.
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