Before being appointed to lead the Oil Fund, Mr. Movsumov had an extensive career at the National Bank of Azerbaijan. He held several leading positions at the central bank, most recently serving as Executive Director, with responsibility for implementation of monetary policy. He was also a member of the National Bank's Investment Committee.
Mr. Movsumov is a graduate of the Moscow Institute of International Relations, where he studied international economics, and the Kennedy School of Government at Harvard University, where he received his Master's in Public Administration. He was a Mason Fellow at Harvard, as well as recipient of the 2003 U.S.-Azerbaijan Chamber of Commerce Scholarship. Mr. Movsumov speaks English, French, Turkish, and Russian.