Privatisation and Corporatisation Board (PCB) has appointed two members to the Board of the Pension Office representing the private sector.
The two members appointed to the Pension Office Board are Managing Director of Morteza Capital Limited Mohamed Ghaly Murthala and Managing Partner of Optimo LLP Abdul Majeed Ali. Ghali Murthala has over 15 years of experience in the field of hospitality and real estate investment and Abdul Majeed has experience in small and medium-sized enterprises (SME) finance, auditing, and governance.
The appointments were made for a period of three years beginning on February 10, according to Pension Office.
The Pension Office board consists of eight members. In addition to the Chairperson, the board consists of three members representing the public sector and four members representing the private sector.
The members representing the private sector are appointed to the Pension Office Board by a selection committee formed to select members from among the names evaluated and shortlisted by the President of the Maldives. The selection committee formed to elect board members consists of members appointed by the Civil Service Commission, the Ministry of Finance, and the ministry responsible for overseeing social security.
The committee will forward the names of those shortlisted to the Capital Market Development Authority (CMDA) to ensure that they meet the requirements set out in the law.