Who is the newly appointed CEO of the Central Bank of Azerbaijan? - PROFILE

Vusal Gurbanov, who previously headed the Insurance Supervision Department, has been appointed Director General of the Central Bank of Azerbaijan (CBA).

Vusal Javanshir oglu Gurbanov was born in 1980 in Zagatala.

He received his higher education at the Azerbaijan Cooperation University, where he obtained a bachelor's degree in Finance and Credit in 2000, and a master's degree in the same field in 2004.

Since 1998, his professional career has been connected with the insurance industry, where he consistently held positions from insurance specialist to deputy chairman of the board in various insurance companies.

Since 2019, he worked as a senior specialist in the Internal Audit Service of the Financial Markets Supervision Chamber, then headed the General Insurance Infrastructure Supervision Division in the Insurance Supervision Department.

Since 2019, he has been a member of the Board of Trustees of the Compulsory Insurance Bureau.

In January 2020, he was appointed Acting Director of the Insurance Supervision Department of the Central Bank. From April 2020 to February 2025, he held the position of director of this department.

On February 3, 2025, he was appointed Director General of the Central Bank.

He is married and has two children.