Rabat - Nezha Hayat, Chairperson and CEO of the Moroccan Capital Market Authority (AMMC), has been reelected for the third consecutive term as the Chair of the Africa and Middle East Regional Committee (AMERC) of the International Organization of Securities Commissions (IOSCO). 

The re-election announcement was made in Rabat on Tuesday, according to a press release from AMMC.

The AMMC is the regulatory body responsible for overseeing and regulating the capital markets in Morocco. It supervises various entities such as stock exchanges, securities brokers, and other participants in the Moroccan financial market to ensure transparency, fairness, and investor protection.

“This re-election ensures the continued representation of the AMMC in the Board of Directors of IOSCO,” the Moroccan organization said in a statement.

The Africa and Middle East Regional Committee (AMERC) of IOSCO is a platform for financial market regulators in the Africa and Middle East region to convene, exchange information, and address issues pertinent to capital market development. 

AMERC consists of 28 regular members and 14 associate members, all representing regulators from the Africa and Middle East region.

As a member of the IOSCO Board of Directors, the AMMC actively participates in international discussions and debates concerning financial regulation developments.

Earlier this month, Nezha Hayat was featured in Forbes’ list of the 100 most powerful businesswomen in MENA. 

The Moroccan banker’s impressive career saw her become the first woman to ever hold a managerial position on the board of the Moroccan bank Sogelease (Société Générale Morocco Group) in 2007.

Hayat started her career at the international division of Banco Atlantico in 1985. Three years later, she joined the Spanish brokerage house Inverfinanzas as head of the Mergers and Acquisitions department.

In 1993, Hayat returned to Morocco to work as deputy manager at the BNP Offshore Banking unit.  

In 2016, King Mohammed VI appointed her as President of AMMC - Morocco’s Capital Market Authority.

Under her leadership, AMMC sealed in October 2023 a partnership with the Chartered Institute for Securities and Investments to launch an international certification for managers of Collective Investment Schemes.