Abdul Majeed Ali Appointed Chairperson of Maldives Pension Administration Office Board

The Maldives Pension Administration Office (MPAO) has appointed Abdul Majeed Ali as the new Chairperson of its Board of Directors. Majeed officially assumed the leadership role on May 21, succeeding Ahmed Inaaz, who recently resigned from the position. A veteran of the financial sector, Majeed has been a member of the MPAO board representing the private sector since March last year. He brings more than 20 years of specialized experience in banking, finance, and auditing to the chairmanship. Majeed currently operates a registered audit firm providing financial consultancy services to private sector clients. His professional foundation was built through significant tenures at the Bank of Maldives and Bank of Ceylon, where he developed deep expertise in banking operations and financial management. Beyond his private practice, Majeed has a proven track record in public governance. He previously served as a board member of the Capital Market Development Authority, where he played a key role in the Audit and Risk Committee. The MPAO noted that his extensive contributions to private sector development within the financial industry were pivotal factors in his selection for this leadership role. Academically, Majeed holds a Master of Science in International Economics, Banking, and Finance from Cardiff University in Wales. The leadership transition at the Pension Office also includes the appointment of Yameen Idrees to the board. Idrees fills the vacancy created by Majeed's elevation to chairperson and brings substantial executive leadership experience, having previously served as the Managing Director of the Hajj Corporation.