The Excessive Council of Securities and Alternate on Saturday appointed Hassan Qalibaf-Asl as the brand new managing director of Securities and Alternate Group.
Qalibaf-Asl succeeded Shapour Mohammadi after the latter resigned reportedly following disagreements over administration and regulatory points.
Mohammadi stepped down after 4 years on the web optimization helm beginning in August 2016, based on the Securities and Alternate Information Company.
An economist and college teacher, Qalibaf-Asl holds a PhD diploma in monetary administration from Tehran College. He’s additionally a college member of the Administration Division in Alzahra College.
His previous assignments embrace CEO of Tehran Inventory Alternate, head of Iran Funding Firm and director of Omid Funding Administration Group Firm. He chaired the TSE for 10 years.
In line with SENA, Mohammadi had submitted his resignation to Economic system Minister Farhad Dejpasand a month and a half in the past.
The resignation coincided with the web optimization announcement that it might tighten the cap on every day worth unfold of shares to 2% (down from 5% a day) to tame unreasonable development in inventory indicators.
That call was drew robust opposition from senior financial and monetary officers, together with Dejpasand and the Governor of Central Financial institution of Iran Abdolnasser Hemmati. Later the web optimization was compelled to withdraw the choice.
