
Musakhadzhaev Sanjar
Deputy Director of Department, Uzbekistan Banking AssociationMusakhadzhaev Sanjar is the Deputy Director of the Department at the Association of Banks of Uzbekistan, where he has been contributing to the development of the country’s banking sector since 2005. He graduated from the Tashkent Institute of Irrigation and Agricultural Mechanization Engineers and has built extensive experience across government and financial institutions.
Prior to joining the Association of Banks of Uzbekistan, Sanjar worked in the Department of Foreign Economic Relations under the Ministry of Agriculture and Water Resources of the Republic of Uzbekistan, where he was involved in international and economic cooperation initiatives. He also served at the State Committee for Denationalization and Privatization, gaining valuable experience in economic reforms and privatization processes.
With nearly two decades of experience at the Association of Banks of Uzbekistan, Sanjar has played an active role in supporting the growth and modernization of the banking industry, contributing to initiatives aimed at strengthening the country’s financial and investment landscape.

Saibjan Khudayberdiyev
Head of Capital Market Development Department, National Agency for Prospective Projects of the Republic of UzbekistanSaibjan Khudayberdiyev has served as Head of the Capital Market Development Department at the National Agency for Prospective Projects of the Republic of Uzbekistan since November 2023. He holds a Bachelor of Law from the National University of Uzbekistan, graduating in 2001. He began his professional career at the Supreme Economic Court of the Republic of Uzbekistan in 2002 and later served as a judge at the Tashkent Economic Court until 2011. Over the course of his career, he has built extensive experience across the banking, legal advisory and corporate finance sectors, with a particular focus on financial market regulation and development. In his current role, he is coordinating the development of key legislative reforms, including the draft Law “On Capital Markets” and the draft Law “On Joint-Stock Companies and Protection of Shareholders’ Rights,” supporting the continued modernization and growth of Uzbekistan’s capital markets framework.








































































































































