Ayman bin Mohammed Alsayari appointed Saudi Central Bank governor

Saudi Arabia’s King Salman replaced Fahad Al-Mubarak with Ayman bin Mohammed Alsayari as Saudi Central Bank (SAMA) governor, the Saudi Press Agency (SPA) said Thursday. This happened less than 24 hours after the central bank announced a raise in key interest rates.

Alsayari serves on the board of directors of the National Debt Management Center of Saudi Arabia and was formerly the deputy governor for investment and research at SAMA from 2013 to 2019.

The new central bank governor holds a master’s in finance from George Washington University in the US, and a bachelor’s in accounting from King Fahd University of Petroleum and Minerals in Dhahran.

He formerly governed SAMA from 2011 to 2016, served as chairman of the Saudi Stock Exchange (Tadawul), and headed Morgan Stanley’s Saudi Arabian unit.