Govt proposes cabinet secretary Ahmed Ali Habeeb as BML chairman
A recent change in the rules by the central bank allows political figures to hold positions in financial institutions such as banks.
The government has proposed to appoint Ahmed Ali Habeeb, currently serving as the cabinet secretary, as the chairman of the Bank of Maldives (BML).
BML on Tuesday announced changes to the agenda of the extraordinary general meeting of shareholders to be held on Saturday. The agenda was changed:
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The government has sent another name for appointment to the board of BML in addition to the two candidates previously proposed
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The government is now proposing a total of three appointments to the board for Saturday’s session
According to the announcement, the government has newly nominated Ahmed Ali Habeeb, who holds a political position in the President's Office at the ministerial level.
Reliable sources have confirmed to Atoll Times that his name has been proposed by the government for the post of BML chairman.
A recent change in the rules by the central bank, Maldives Monetary Authority (MMA), allows political figures to hold positions in financial institutions such as banks.
Ahmed Ali Habeeb:
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Member of the Chartered Institute of Management Accountants (CIMA) in the UK
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Before taking over as cabinet secretary, he was the General Manager of Apollo Holdings
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He was a board member of the Housing Development Corporation (HDC)
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He has three companies; They are Megaton Pvt Ltd, Cocobolo Maldives and The Exquisite Holidays
The other two proposed directors from the government are:
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Mohamed Shahid - Accounting expert and has held senior positions in the tax authority, Maldives Inland Revenue Authority (MIRA)
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Ali Irfan, Daylight Villa/Addu Maradhoofeydhoo - Higher education in accounting and finance; He has worked as a consultant to the ministries of finance and health
Recently, BML CEO and Managing Director Karl Stumke resigned. The bank has started a search for his replacement.
