Aliyev Araz Ismayil oglu was born in 1960. In 1985 he graduated from the Azerbaijan State Economic University, the faculty of Finance and Credit. In 1995 he also graduated from the Law faculty of Baku State University. He began his labor activity in 1977. In 1978-1987 he worked in the Savings Bank of Azerbaijan Republic on the positions of senior treasurer-collector, inspector, chief inspector, deputy head of the department and manager of Khatai branc h in 1988-1992. In 1993-2000 he held the post of the head of the Securities Department and at the same time the Deputy Chairman of the Board Joint-stock Commercial Savings Bank of Azerbaijan. In 2000-2004 Mr. Aliyev held the post of head of Narimanov and Absheron branches and also the head of the Treasury Department. From 2004 he was the head of the department and the board member of OJSC “Kapital Bank” and from February 19, 2007 was appointed to the post of the Deputy Chairman of the Board, which he held till 2013. At the same time, in 2012-2013 Mr. Aliyev held the post of the director in the Center of lump-sum payment of "Soviet deposits". From 2013 till September 2014 he held the post of the member of the Supervisory Board of “Bank of Azerbaijan”. In 2014 he taught in faculty of Special Talents of the Azerbaijan State Economic University. On September 15, 2014 he was appointed the Chairman of the Executive Board of CJSC “National Depository Center”.

Doctor of Philosophy in Economics. Married.