During the extraordinary General Assembly meeting of the Federation of Euro-Asian Stock Exchange (FEAS) held in Tehran in the middle of May, it was decided to move the Federation’s headquarter from Istanbul, Turkey to Yerevan, Armenia.
With the majority of “for” and no “against” votes, the General Assembly elected Armenia as the new host country for the FEAS’s headquarters, after 22 years of operation in Turkey, since the establishment of the Federation in 1995. Moving the Federation’s headquarters to Armenia NASDAQ OMX Armenia, who was appointed as FEAS Secretary General. His appointment was recommended by the Executive Board and approved by the majority of the General Assembly. “We are starting a new era of FEAS operation, administering the Federation from Armenia. Always being considered as cross-road of eastern and western cultures. Armenia will link different economic and political structures within FEAS, bringing success and growth to the Federation,” said Mr. Konstantin Saroyan, CEO, NASDAQ OMX Armenia.
Armenia, represented by “Yerevan Stock Exchange” (later Armenian Stock Exchange” and after NASDAQ OMX Armenia”) was among 12 founding members of the FEAS. Since November of 2016 NASDAQ OMX Armenia has also been acting as FEAS Executive Board Member. The Federation of Euro-Asia Stock Exchanges (FEAS) was established on May 15, 1995 with 12 foundation members.
The purpose of the Federation is to contribute to the cooperation, development, support and promotion of capital markets in the Euro-Asian and the Mediterranean Basin). Currently FEAS has more than 40 members, including stock exchanges post trade institutions, dealers associations, and regional federations from over 30 countries. World Bank projects 2.7% economic growth for Armenia.