HAYK YEGANYAN
Chairman of Board

Hayk Yeganyan is a distinguished expert in capital markets and financial services, currently serving as the Chief Executive Officer (CEO) of the Armenia Stock Exchange (AMX). Under his leadership since 2017, he led the full upgrade of AMX's trading system, implementing a new platform that enhanced operational efficiency and market accessibility. This strategic initiative contributed to a 6x increase in the company's equity, reflecting robust financial growth and investor confidence.

Before joining AMX, Hayk served as Advisor to the Governor of the Central Bank of Armenia (CBA) from 2013 to 2017. He played a pivotal role in attracting foreign financial institutions to Armenia, managing both business development and relationship management aspects. During his tenure, he represented the Republic of Armenia in global investor roadshows, notably in the United Kingdom, showcasing Armenia's investment potential.

From 2012 to 2013, Hayk was a member of the Supervisory Board of NASDAQ OMX Armenia, impacting Armenia's capital market infrastructure during his tenure on the board. Between 2010 and 2013, he worked in the private banking sector based in London, covering Russia and the CIS region. Concurrently, he served as the representative of the Armenian Development Agency in the UK, promoting investment opportunities in Armenia to international investors.

Earlier in his career, from 2007 to 2010, Hayk led the Securities Market Operations Department at Gazprom Armenia. He led the company's pre-IPO preparations and successfully organized Armenia's first two public bond issuances in 2007 and 2008, marking significant milestones in the country's financial market development.

Hayk holds a Master of Science degree in Management from Imperial College London and a Bachelor's degree in Financial Economics from the University of Leicester in the UK.

In addition to his executive role at AMX, Hayk is the Chairman of the Supervisory Board of the Central Depository of Armenia, where he plays a key role in shaping the strategic direction of Armenia's financial infrastructure. He also serves on the boards of several organizations, including the Armenian British Business Chamber (ABBC), the Federation of Euro-Asian Capital Markets (FEAS), Meghri Free Economic Zone CJSC, and the Armenian Institute of Directors (AIoD).

In recent years, Hayk has overseen several key initiatives that further integrate Armenia’s capital markets with international financial systems.

Under Hayk's leadership, AMX has joined the Tabadul Hub, enhancing cross-border trading capabilities and integrating Armenia's financial markets with regional counterparts. Additionally, the updated GP.Minfin platform for government bonds trading was launched, reflecting AMX's commitment to adopting cutting-edge technology to improve market efficiency.

During his tenure, GPW (Warsaw Stock Exchange) acquired a majority stake in AMX, strengthening international cooperation and expanding Armenia’s presence in global financial markets. Hayk plays a key role in representing Armenia’s capital market within this strategic partnership, fostering growth and deeper integration with global European investors.

Hayk's vision and leadership continue to drive the growth and modernization of Armenia's capital markets, positioning AMX as a pivotal institution in the region's financial landscape.

• Securities registry keeping and custody
• Securities and Cash Accounts Servicing
• Operator of securities settlement system (including the Armenia Stock Exchange servicing)
• Clearing
• ISIN and CFI codes allocation (acting as the National Numbering Agency)
• Funded Pension Accounts Maintenance
• Funded Pension Assets Custody
• Investment fund participants registry keeping and custody

Membership in international organizations

• AECSD (The Association of Eurasian Central Securities Depositories)
  Since 2005 Central depository of Armenia has been a member of AECSD. While in 2020 and 2021 CDA was given the chairmanship of the Association.
• ANNA (Association of National Numbering Agencies)
• Raiffeisen Bank
• SWIFT
  CDA has joined Swift in 2010

International partners

• Clearstream Banking Luxemburg
  On June 28, 2016 "Central Depository of Armenia" OJSC (CDA) and Clearstream, the international central securities depository of Deutsche Börse Group, signed an agreement on the opening of a Clearstream nominee account at CDA. Thanks to these foreign investors can easily reach Armenian government bonds and supranational bonds, without opening a direct account at CDA. Depository network provides Armenian investors with the opportunity to invest in securities of more than 58 domestic markets worldwide, with 2,500 customers in 110 countries.
• Kazakhstan Central Securities Depository        
  CDA opened a nominee account at the Kazakhstan Central Securities Depository in 2010. Via the Depository link with CSD of Kazakhstan CDA customers have access to the custody and settlement (FOP) services provided by it.  Already in 2024, the Kazakhstan Central Securities Depository opened a nominee account at the Central Depository of Armenia. This depository link significantly facilitates transactions in the securities markets of both Armenia and Kazakhstan for investors from both countries.
• Republican Central Securities Depository, Belarus
  On May 31, 2016 CDA and the Central Depository of Belarus, Republican Unitary Enterprise "Republican Central Securities Depository" (CDB) concluded an agreement on opening of bilateral nominee accounts.
  Within the framework of this agreement, CDA and CDB customers get access to the entire range of custody and settlement (FOP) services provided by the Depositories. The bilateral link between two depositories will allow performance of cross-border operations in the securities markets of Armenia and Belarus in a more efficient manner.
• The National Depository of Ukraine (NDU)
  In November, 2020 the National Deposiory of Ukraine opened a foreign nominee account with the Central Depository of Armenia.
  This enhances Ukrainian investors with access to the Armenian securities market, and holders of Armenian securities - with the opportunity to account their securities in their own accounts in the depository system of Ukraine.