Pakistan Stock Exchange CEO Morin resigns

Pakistan Stock Exchange CEO Morin resigns

AgenciesUpdated: Monday, June 03, 2019, 07:49 PM IST
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NEW YORK, NY - FEBRUARY 05: A trading board on the floor of the New York Stock Exchange (NYSE) shows the closing numbers on February 5, 2018 in New York City. Following Fridays's over 600 point drop, the Dow Jones Industrial Average briefly fell over 1500 points in afternoon trading before closing down at 1,175.21 points. Spencer Platt/Getty Images/AFP == FOR NEWSPAPERS, INTERNET, TELCOS & TELEVISION USE ONLY == |

Islamabad: Pakistan Stock Exchange (PSX) Chief Executive Officer Richard Morin has stepped down from his post and his resignation has been accepted by the board of directors withimmediate effect on Tuesday, according to a notification

Morin tendered his resignation after the PSX board of directors issued a show-cause notice asking him to explain his simultaneous working with a Canadian wealth management company, the Express Tribune reported.
According to Dawn newspaper, an emergency meeting of the PSX board of directors was held on Tuesday during which Morin submitted his resignation

Morin joined the PSX as the first non-Pakistani CEO in January 2018 following its demutualisation and corporatisation about a year before.

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