A key official leading the development of Iran’s capital markets
Seyyed Shamseddin Hosseini
Company: Securities & Exchange Council (SEC)
Biography: Seyyed Shamseddin Hosseini was named Iran’s economic affairs and finance minister in August 2009, during a cabinet reshuffle by President Mahmoud Ahmadinejad.
As a part of his responsibilities, Hosseini automatically became chairman of the SEC, the body that regulates the Tehran Stock Exchange. Hosseini was previously deputy minister of social welfare and subsidies at the Welfare and Social Security Ministry.
He has also served as the director general for economic studies at the Commerce Ministry. Hosseini has a doctorate in public sector economy. As the highest authority overseeing the Tehran Stock Exchange, the SEC is responsible for policymaking, market strategies and the ongoing development of the bourse.
In May, the SEC overhauled elements of the capital markets legislation to increase foreign investment on the Tehran Stock Exchange.
Contact: (+98) 2 1 8408 3702