The Edition


CEO of Maldives Stock Exchange resigns

Fathmath Shaahunaz
27 August 2017, MVT 16:18
Maldives Stock Exchange's CEO Hassan Manik: he has decided to resign in order to pursue own interests. PHOTO: HUSSAIN WAHEED/MIHAARU
Fathmath Shaahunaz
27 August 2017, MVT 16:18

Hassan Manik has decided to resign as the Chief Executive Officer of Maldives Stock Exchange (MSE) after a successful tenure of six years.

MSE declared in a statement that Hassan Manik would remain as a technical consultant for the organisation’s Board of Directors despite his resignation, and take part in expanding the stock exchange market.

Speaking to Mihaaru, Manik explained that he decided to step down in order to pursue an own work. He assured that he will remain in position until a replacement is found.

“This is one of the greatest chances I’ve received in my carrier. The capital market of the Maldives is expanding and developing today. The stock exchange plays a large role based on the increasing number of businesses active in the nation now,” he said.

“There is a lot of room to expand this industry. Those interested in the financial sector can implement their talents and creativity and technical knowledge via the stock exchange.”

MSE’s chairman and renowned local tycool Alaau Ali lauded Manik as a CEO that had taken MSE’s development to heights never seen before.

“Manik served this company with great interest and technical skills. Under his leadership, an online portal was developed for stock exchange in the Maldives, which is a great boost to this industry,” said Alaau.

MSE had announced the open position for a new CEO last Thursday. According to the notice, interested individuals that hold a Master’s Degree in finance, accounting or management, with eight years of experience in a related field are eligible to apply for the position before the end of August.

Maldives Stock Exchange was licensed in 2008 by the Capital Market Development Authority (CMDA) as a private sector stock exchange. The main objective of the company is to open the stock exchange market to companies and the public under a transparent policy.