Newsletter December 2018, Issue 4 - Page 9

CSDI CEO, HOSSEIN FAHIMI, ELECTED VICE CHAIRMAN OF ACG EXECUTIVE COMMITTEE IN UNANIMOUS VOTE

november 26, 2018

Executive Committee of Asia Pacific Central Securities Depository Group (ACG) unanimously vote to elect the Chief Executive Officer of Central Securities Depository of Iran (CSDI) Hossein Fahimi, as Vice Chairman. The vote to elect the CSDI CEO was unanimous.

The decision came during the 22nd ACG Annual General Meeting hosted by Central Depository Systems (Ltd.) of Sri Lanka, underway in the capital Colombo where the Executive

Committee members unanimously voted in favor of the CSDI CEO during the committee's internal meeting on Monday 26 November, 2018 and officially endorsed him for the position during the Annual General Meeting session with all member states on Tuesday.

Fahimi has become the ACG’s second vice chair. This comes after his predecessor, Aftab Ahmad Diwan, resigned from his position as CEO of CDC Pakistan.

The Executive Committee of ACG comprises of eight elite depositories of the region representing countries including China, India, Iran, Japan, Pakistan and South Korea.

The status is highly regarded as only two depositories from Asian region are present on the Board of World Forum Central Securities Depositories (WFC), which are Korea Securities Depository (KSD) whose CEO Lee Byungrhae is Chairman ACG Executive Committee and – as of now - Central Securities Depository of Iran (CSDI) as the vice chair.

Addressing the audience in his endorsement ceremony, Hossein Fahimi, expressed gratitude to the ACG EC members for throwing their weight behind his nomination for the position.

ittee and – as of now - Central Securities Depository of Iran (CSDI) as the vice chair.

Addressing the audience in his endorsement ceremony, Hossein Fahimi, expressed gratitude to the ACG EC members for throwing their weight behind his nomination for the position.

December 2018

"I feel myself and my team at Central Securities Depository of Iran more committed to the road we share as one community with a common purpose to success," Mr. Fahimi said to the gathering.

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