According to information, Emil Mustafayev has been appointed first deputy board chairman, Vagif Akbarov – deputy board chairman, Gubad Huseynov and Rashad Hajiyev – deputy board chairman. Hajiyev, who previously held the position of Director of the Central Treasury of the IBA, has also been appointed new member of the Board of Directors.
Rashad Hajiyev was born in 1979 in Baku. From 2000 to date, he is working at the IBA. In May 2011, he was appointed Director of the Central Treasury. In 1998-1999, becoming the winner of the program of Economics, funded by the U.S. government, he was educated at the University of Michigan. In 2002-2003, he graduated from University of Dublin with a master's degree.
His authority will be on force till July, 2015.