In a move to strengthen its leadership, the Maldives Pension Administration Office (MPAO) has welcomed two prominent individuals from the private sector onto its board of directors. Ahmed Saruvash Adam and Abdul Majeed Ali bring a wealth of financial expertise and industry experience to the table, poised to drive the organization’s strategic direction.
Seasoned Financial Experts Join the MPAO Board
Ahmed Saruvash Adam, a veteran in the field of finance, has been appointed as a board member representing the private sector. Saruvash previously served as the Chief Financial Budget Executive at the Ministry of Finance, where he also headed the Fiscal Affairs Department. He has also held the prestigious role of Chairperson at the Maldives Inland Revenue Authority (MIRA). Saruvash’s academic credentials include degrees in economics, policy, and accounting from the University of Nottingham in the UK and Monash University in Australia.
Joining Saruvash on the MPAO board is Abdul Majeed Ali, a partner at the reputable audit firm Optimo LLP. Majeed is no stranger to the MPAO, having served as a board member in 2022. His extensive experience includes roles at the Bank of Maldives and Bank of Ceylon. Majeed holds a Master’s degree in Economics and Banking from Cardiff University, Wales.
Strengthening the MPAO’s Leadership Team
The MPAO board now comprises eight members, with Saruvash and Majeed’s appointments adding significant depth and expertise. The current board members include:
- Dr Ahmed Inaz – Chairman
- Shifaza Wajeeh – Representing the Social Security Constituency
- Fatimath Abdulla Kamaluddin – Representing the Securities Market Regulator
- Ashraf Rasheed – Representing the Ministry of Finance
- Mizna Mohamed – Representing the Private Sector
Board members are appointed for a three-year term, ensuring continuity and stability in the organization’s governance.
Driving the MPAO’s Strategic Initiatives
The addition of Saruvash and Majeed to the MPAO board underscores the organization’s commitment to strengthening its leadership and steering its strategic initiatives. With their deep industry knowledge and proven track records, the new board members are poised to contribute significantly to the MPAO’s long-term growth and development.
As the Maldives’ national pension fund administrator, the MPAO plays a crucial role in providing social security and retirement solutions for the country’s workforce. The appointment of these two respected financial experts is a testament to the organization’s dedication to enhancing its governance and positioning itself for future success.
