Vahan Stepanyan has been the Chief Executive Officer of the CDA since April 2006. After graduating from Yerevan State Economic University, he was closely involved in the development of the securities market regulation framework working at the Ministry of Finance (1998-99) and then the Securities Commission of the Republic of Armenia. In 2001, Mr. Stepanyan joined the Central Depository of Armenia – first in the capacity of the Head of Issuer Relations Department, and then as the Deputy CEO.