Nezha Hayat

Chairperson and CEO of the Moroccan Capital Market Authority

Nezha Hayat is the President of AMMC –Morocco’s Capital Market Authority, following her appointment in February 2016 by His Majesty the King, Mohammed VI.

An ESSEC Business School Paris graduate, she until her nomination worked at Société Générale Morocco group where she became in 2007, the first woman on a management board of a bank in the country.

She started her career in Spain at the international division of Banco Atlantico as responsible for international risks and restructured debt portfolio (1985-1988). From 1988 to 1990, she was in charge of the department of corporate finance in two brokerage houses in Madrid (Inverfinanzas and then Bravo y Garayalde). In 1990, she moved to the private banking activities, first as branch manager of Banco Inversion in Marbella and in 1993 as deputy director of Banque Nationale de
Paris offshore unit in Tangier.

She then joined Société Générale Marocaine de Banques on October 1995, and launched their activities of brokerage and asset management, following the Reform of the capital markets in Morocco and the privatization of the Casablanca Stock Exchange.

In 1999, she was elected President of the Association of stockbrokers in Morocco for two terms during which she obtained tax incentives for companies entering the stock market (measures still in force since then). She was nominated global leader for tomorrow by the World Economic Forum in Davos, 2000.

Nezha received an award for her “outstanding contribution to financial and professional services”, by the G8 in June 2013 in London.

She co-founded in 2012 the Moroccan chapter of Women Corporate Directors – CFA Maroc, to promote women in corporate boards.

She has also been a member of the CGEM Board of Directors and the British Chamber of
Commerce for Morocco since 2012 until her appointment as Chairperson and CEO of the

In October 2017, Nezha was elected Vice-Chair of the Africa and Middle East Committee (AMERC) within the International Organization of Financial Market Regulators (IOSCO) for the remaining 2016-2018 term.

She was decorated by His Majesty King Mohammed VI, Officer of Wissam Al Arch (Order of the Throne).

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PART 4: Market authorities, a new stimulus?