“It is a historical and turning moment for the Federation after three years of struggle”, said Mohammed Omran, the Chairperson of the Federation and the Executive Chairman of the Egyptian Exchange.
“Having two young and ambitious exchanges; Cyprus Stock Exchange and Iran Fara Bourse as new board member replacing the withdrawing exchanges (Borsa Istanbul and Sarajevo Stock Exchange) will definitely enhance the dynamism of the Federation”, Omran added.
Moving the Federation’s headquarter to Armenia NASDAQ OMX Armenia will start to support the administration of the Federation. Governance of the Secretariat has been entrusted to Mr. Konstantin Saroyan, CEO of NASDAQ OMX Armenia, who was appointed as FEAS Secretary General. His appointment was recommended by the Executive Board and approved by the majority of General Assembly.
“We are starting a new era of FEAS operation, administering the Federation from Armenia. Always being considered as cross-road of eastern and western cultures, Armenia will link different economic and political structures within FEAS, bringing success and growth to the Federation”, said Mr. Konstantin Saroyan, CEO, NASDAQ OMX Armenia.
To recall, Armenia, represented by “Yerevan Stock Exchange” (later “Armenian Stock Exchange” and after “NASDAQ OMX Armenia”) was among 12 founding members of the FEAS. Since November 2016 NASDAQ OMX Armenia has also been acting as FEAS Executive Board Member.