Fallahpour holds a PhD in financial management and is currently an assistant professor at University of Tehran, according to the university’s website. He also handles risk management at Eghtesad Novin Bank, Bourse Press reported on Saturday. He replaced Ahmad Araqchi who has been in office since July 27, 2016. SEO’s deputy for executive affairs supervises the organization’s Department of Financial Affairs, Department of Human Resources and Logistics, and Department of Information Technology. The Central Bank of Iran has asked Araqchi to become the CBI’s deputy governor for foreign exchange affairs. He resigned from his post as SEO deputy for executive affairs last week, Financial Tribune reported.