According to the Republic of Armenia Law on Financial System Mediator, the Financial System Mediator shall have higher education and shall be of good repute, and shall have at least five years’ work experience. The Financial System Mediator may not be a person who has worked in any financial institution in the last three years. The Financial System Mediator cannot be engaged in entrepreneurial activity, be a member of management in any political party, hold a position in central or local governmental bodies, commercial organizations, perform other paid work, except for scientific, pedagogical and creative activities, and shall refrain from actions that cast doubt on their independence and impartiality.


The Financial System Mediator is appointed by the Board of Trustees of the Office, voted by at least five members, for a four-year term, and may be reappointed to the same position.


Piruz Sargsyan is the Financial System Mediator of the Republic of Armenia.  

Ms. Sargsyan was appointed to that position at the first meeting of the Board of Trustees on December 22, 2008 (Board Decision No. 3), reappointed at the meeting of the Board of Trustees on December 7, 2012 (Board Decision No. 13/12) and on January 13, 2017 (Board Decision No. 01/17).

Piruz Sargsyan’s biography is presented below:

Piruz Sargsyan
Financial System Mediator

1990 - 1995 Yerevan State University, Faculty of Law, Lawyer

Scientific degree - Candidate of law sciences

January 2009 to date - Financial System Mediator of Armenia

2007 2012  Lecturer at Academy of Public Administration of Armenia; subject areas: banking law, administrative law

2006 - 2009  Administration of the Central Bank, Chief Legal Counselor

2005 2006  Lecturer at French University of Armenia, subject areas: credit right

1999 - 2006  Law Department of the Central Bank, Chief Legal Counselor

1998 - 1999  
Head of Legislation Development Unit, Law Department of the Central Bank

1995 - 1998  Specialist, Senior specialist, and later Leading specialist of Law Department of the Central Bank