Abdul Majeed Ali named new head of Pension Office Board after months‑long vacancy

A new chairperson has been appointed to the Pension Office after the post remained vacant for more than three months.

The Pension Office announced that Abdul Majeed Ali, a sitting board member, has been appointed as the new Chairperson of the Pension Office Board.

Majeed first served on the board as the private‑sector representative from 10 February 2022 to 9 February last year. He was reappointed on 10 March last year and served until 20 May this year.

Majeed has extensive experience in banking and finance, having worked at Bank of Ceylon and Bank of Maldives (BML). He has also served on the Board of the Capital Market Development Authority (CMDA) as the private‑sector representative, and sat on its Audit Committee.

We are pleased to extend a warm welcome to Mr. Abdul Majeed Ali on his appointment as the Chairperson of the Pension Office Board. pic.twitter.com/zUHhmwCIHz

— Pension Office (@PensionOffice) May 23, 2026

He holds a Master of Science in International Economics, Banking and Finance from Cardiff University, Wales, and a Bachelor of Business (Banking, Finance and Accounting) from Monash University, Australia.

In addition, former Hajj Corporation Managing Director Yameen Idris has also been appointed to the Pension Office Board.

Several senior officials resigned earlier this year over the government’s plan to raise MVR 2.4 billion through a bond issued via the Pension Office. Those who resigned in February include financial expert Saruvash Adam, CEO Sujatha Haleem, CFO Hawwa Fajwa, and Chairperson Dr Ahmed Inaz. Although the Pension Office opened applications for the vacant posts, response remained minimal.