New appointments at Azerbaijan’s Financial Market Supervisory Body
Ilgar Muradov was appointed the member of the Board of Directors at Azerbaijan’s Financial Market Supervisory Body and Ibrahim Alyshov was named the Supervisory Body’s CEO upon Azerbaijani President Ilham Aliyev’s decree, the Supervisory Body reported on March 29.
Previously, Muradov served as deputy chairman at the State Securities Committee, while Alyshov was serving as the chairman of the Caspian Development Bank’s Supervisory Board.
Nigar Mammadova has been recently named the deputy head of the Board of Directions of the Financial Market Supervisory Body.
Rufat Aslanli heads the Board of Directors of the Financial Market Supervisory Body.
President Ilham Aliyev decreed in February 2016 to establish the Financial Market Supervisory Body.
The Supervisory Body was created for the purpose of licensing, regulating and controlling activities of the securities market, investment funds, insurance and credit institutions (banks, non-bank credit organizations, postal operator) and payment systems.
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