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.