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.


Number of Financial System Mediators shall be decided by Board. In case of presence of two or more Financial System Mediators, powers of Office Manager shall be executed by Chief Financial System Mediator who shall be appointed by Board decision from among Financial System Mediators. Chief Financial System Mediator shall continue to implement professional activities of Financial System Mediator.

Vazgen Mnatsakanyan
Principal Mediator and Chief Executive

2021 January to present - Principal Financial System Mediator of Armenia, Chief Executive


2018 – 2021 - Central Bank of Armenia, Head of Legal Department, Chief Legal Counselor


2009 – 2018 - Central Bank of Armenia Deputy Head of Legal Department


2006 – 2009 - Central Bank of Armenia, Head of Legal Services and Financial Control Division


1998 – 2006 - Central Bank of Armenia, Head of Legal Services Division


1997 – 1998 – Central Bank of Armenia, Legal Department, Specialist


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



Piruz Sargsyan
Financial System Mediator

January 2009 to date - Financial System Mediator of Armenia

2007 2012 - Academy of Public Administration of Armenia,  Lecturer (banking law, administrative law)

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

2005 2006 - French University of Armenia, Lecturer (credit right)

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

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

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


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

Scientific degree - Candidate of law sciences