Noorbaan appointed Maldives Securities Depositary’s CEO, MD

Noorban Fahumy has been appointed chief executive officer and managing director of the Maldives Securities Depositary (MSD).  

According to MSD, in addition to these two roles, Noorbaan has also been appointed chief strategist at Maldives Stock Exchange (MSE) and a board director at both these companies.

The appointments were effective from January 1^st.

MSD said the move is intended to ensure transparent administrative oversight and elevate the Maldives’ capital market through the adoption of modern technology.

Noorban Fahumy has held various senior posts in both MSD and SME over the past seven years, including the post of COO, legal counsel and company secretary.

Prior to this, she has served as a counsel at the Capital Market Development Authority (CMDA).

Noorbaan is the wife of Dr. Shah Mahir, the managing director of the newly formed state pharmaceutical company, ‘State Pharmaceutical and Medical Supply Corporation’.