Secretary General, Islamic Financial Services Board (IFSB)
Jaseem Ahmed assumed the position of the Secretary-General of the Islamic Financial Services Board (IFSB) on 1st May 2011. As the SG he is responsible for the formulation, issuance, dissemination and adoption of the IFSB’s standards for the prudential regulation and supervision of Islamic finance covering banking, insurance and capital markets.
He leads the IFSB’s coordination and collaboration programmes with other global standard setters including the Basel Committee for Banking Supervision, the International Organization of Securities Commissions (IOSCO) and the International Association of Insurance Supervisors (IAIS).
He has 25 years experience in financial sector reform issues and in the field of governance.
Prior to his appointment to the IFSB, Mr. Ahmed served as the Director, Financial Sector, Public Management and Trade, Southeast Asia Department of the Asian Development Bank (ADB). In this capacity, he was responsible for managing the ADB’s lending, technical assistance, and capacity building operations in Southeast Asia for the promotion of sound banking and non-banking financial sectors, and for the strengthening of supervision and regulatory capacities. Mr. Ahmed led the ADB response to the global financial crisis in Southeast Asia through the design of a number of macroeconomic and financial sector stabilisation reform programmes to affected countries.
He was a member of the IFSB High Level Task Force on Liquidity Management, which proposed the establishment of the International Islamic Liquidity Management Corporation.
Mr. Ahmed contributes to the development of global standards for ethical conduct and regulation of the financial sector through his participation in international bodies. He is a member of the Consultative Group of the Basel Committee for Bank Supervision (BCBS), and also sits on the Consultative Advisory Groups of the International Auditing and Assurance Standards Board (IAASB) and the International Ethics Standards Board for Accountants (IESBA). In addition, Mr. Ahmed is a member of the International Monetary Fund’s (IMF) External Advisory Group on Islamic Finance. He is a member of the UK governments Global Islamic Finance Investment Group, an advisory body.
Mr. Ahmed is a member of the Governing Council of the International Centre for Education in Islamic Finance (INCEIF), the global university for Islamic finance.
He is the co-editor of a book on Islamic Finance, and the editor of a book on Regional Economic Cooperation in South Asia.
Mr. Ahmed has a BA in economics from the University of Sussex and also a M.A. (Econ.) and M.Phil (Econ.), both from Yale University.