KARACHI: Pakistan Stock Exchange has appointed Farrukh Hussain Khan as its chief executive officer, an internal memo released by the company secretary on Tuesday said.

The appointment had been made on the recommendation of the bourse’s board of directors and approved by the Securities and Exchange Commission of Pakistan. “Khan will assume the charge of his office in due course of time,” the memo stated.

Khan has been the Chief Investment Officer/Executive Director at BMA Asset Management and has been serving for over 13 years.

Market sources say his name had been in circulation earlier also as a candidate for the post of chairman of the apex regulatory body in Islamabad.

The PSX had been functioning without a CEO following the resignation of its first foreign chief Richard Morin over six months ago.

Published in Dawn, December 25th, 2019