The Maldives International Financial Services Authority (MIFSA) has appointed Datuk Iskandar Mohd Nuli as its new Chief Executive Officer. He brings more than 30 years of experience in domestic and offshore financial services, with a strong background in regulation, supervision, and legislative development.

Datuk Iskandar began his career at Bank Negara Malaysia before joining the Labuan Financial Services Authority (Labuan FSA) in 1996 as part of its pioneer team. Over nearly three decades, he held senior leadership roles including Director, Senior Director, and Deputy Director General. He also served as Executive Chairman of Labuan IBFC Inc. Sdn. Bhd. from 2020 to 2025. 

Welcoming the appointment, a MIFSA Board official said Datuk Iskandar’s expertise would be vital to advancing the Government of Maldives’ vision for the Maldives International Financial Centre (MIFC). Datuk Iskandar said he was honoured to take on the role and looked forward to supporting the development of a “next-generation, sustainable financial hub”.

The MIFC, launched earlier this year as a joint venture between the Government of Maldives and MBS Global Investments, represents an US$8.8 billion investment to diversify the Maldivian economy. Designed as a fully sustainable financial free zone, the project aims to attract major financial institutions, fintech innovators, entrepreneurs, and digital professionals. Scheduled for completion by 2030, the 780,000 sqm development in Malé will feature mixed-use towers, hotels, residences, retail spaces, and key civic facilities, and will be powered entirely by renewable energy.

MIFSA is responsible for regulating and supporting the growth of the MIFC as a competitive international financial hub.