PSX CEO Richard Morin calls it a day

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KARACHI: Pakistan Stock Exchange (PSX) Chief Executive Officer and Chairman Richard Morin on Tuesday resigned from the post.

According to sources, Richard Morin’s resignation has been accepted by the Board of Directors (BoD) of the PSX.

The sources have also revealed that Richard Morin was served a show-cause notice for breaching the terms of his employment by simultaneously running his own wealth management company which is against the policy of the PSX.

However, Morin despite answering the notices has tendered his resignation which was accepted by the BoD with immediate effect.