CSDI commends former President and CEO and sets out priorities ahead

Deputy of Iran’s Securities and Exchange Organization for supervising exchanges and publishers, Mr. Hassan Amiri, sets out what Central Securities Depository of Iran (CSDI) should see as priorities as Mr. Hossein Fahimi takes up the CEO role at CSDI, previously held by Mr. MohammadReza Mohseni.

Mr. Amiri said considering the development of the Iranian Capital Market and in order to make it more successful, expectations fromCentral Securities Depository of Iran have heightened and more efforts in all arenas are needed to sustain the growth.

Addressing a ceremony at CSDI headquarters in the capital, Tehran, to commend former President and CEO, Mr. MohammadReza Mohseni, Amiri went on to say that safeguarding the Iranian nation’s assets, providing a proper platform for foreign investors to enter the Iranian market, reforming interest distribution and risk management mechanisms as well as delivering more services to Capital Market beneficiaries.

During his remarks, Mr. Amiri, who is also a member to the SEO Board of Directors, commended Mr. MohammadReza Mohseni for the “relentless efforts and contributions” he demonstrated to building the proper infrastructure at the Iranian Capital Market and elevating Central Securities Depository of Iran during his tenure in office.

Later on at the ceremony, Mr. MohammadReza Mohseni congratulated all the participating personnel and staff on the CSDI’s establishment anniversary, briefing the gathering on the most significant projects and major events having had happened at the CSDI under his authority.

“Central Securities Depository of Iran will undoubtedly play a major role in contributing to the flourish of the Iranian Capital Market, relying on the expertise and know-how of the CSDI’s well-experienced experts and staff.”

Earlier at the session, the new president and CEO of CSDI highlighted the critical and unique role the Iranian Depository plays in the Capital Market. Hossein Fahimi raised numerous expectations market players claim from Central Securities Depository of Iran, saying “CSDI will soon map long-, medium- and short-term plans to better service our beneficiaries and will soon make them public.”

Mr. Fahimi enumerated upgrade risk management mechanisms as among the present expectations of Capital Market players from CSDI, reassuring them of upcoming novel mechanisms to optimize the current proceedings particularly the operational risks.”

He concluded his remarks, appreciating the efforts and contributions by his predecessor, Mr. MohammadReza Mohseni and wished him success in his future endeavors.

On 25 December, 2016, the Board of Directors at Central Securities Depository of Iran (CSDI) appointed Mr. Hossein Fahimi as the fourth chief executive officer and the replacement for Mr. MohammadReza Mohseni, former CEO of CSDI.

Mr. Hossein Fahimi helds an LLM & Master of Laws degree in International Commercial-Economic field from universities of Tehran and Allameh Tabataba’i; in addition to outstanding professional experience in the Iranian Capital Market.