Saturday, August 24, 2019  | 22 Zilhaj, 1440 | BETA
Samaa TV
Facebook Twitter Youtube
HOME > Economy

Pakistan Stock Exchange CEO Richard Morin resigns

May 28, 2019
 

Pakistan Stock Exchange CEO Richard Morin resigned on Tuesday.

The board of directors has accepted his resignation too.

He was appointed to the post in January 2018. Morin was the first-ever non-Pakistani to serve on the post. He was serving as the chairperson of listing and voluntary de-listing committee, and was as a member of IT & IS Steering Committee and IT Procurement Committee too.

At PSX, besides being the Managing Director, Mr. Morin is also serving as the Chairman of Listing and Voluntary De-Listing Committee and as the member of IT & IS Steering Committee and IT Procurement Committee.

Related: Pakistan Stock Exchange ends week on a positive note

Six members of the board raised their reservations over his appointment. They said that he was appointed for three years and he made many promises but failed to fulfill them. According to them, Morin had promised to bring in foreign investors but he didn’t meet the set targets because of which the stock exchange faced a lot of difficulties.

Morin has over 30 years of experience in capital markets and financial services in emerging markets and in Canada, according to the Pakistan Stock Exchange website. He started his career at the Montreal Exchange where he held various positions of increasing responsibility in equities and derivatives.

He earned a Bachelor’s degree in Economics from the University of Montreal and an MBA from McGill University.

Follow SAMAA English on FacebookTwitter, and Instagram.

 

 

 
 
RELATED STORIES
 

Tell us what you think:

Your email address will not be published.

 
 
 
 
 
 
Pakistan Stock Exchange, Richard Morin, Pakistan, economy
 
MOST READ