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Business & Finance

Farrukh Hussain assumes charge of Pakistan Stock Exchange CEO

Farrukh Hussain has assumed charge with effect from today, announce PSX. Furrukh Hussain Khan has assume
24 Feb 2020
  • Farrukh Hussain has assumed charge with effect from today, announce PSX.

Furrukh Hussain Khan has assumed the charge of Chief Executive Officer (CEO) Pakistan Stock Exchange, the bourse announced on Monday.

“Farrukh Hussain Khan, who was appointed by the Board of Directors of Pakistan Stock Exchange Limited (PSX) with the approval of the Securities and Exchange Commission of Pakistan as Chief Executive Officer (CEO) of PSX, has assumed charge with effect from today,” read a PSX notification.

The incoming chief succeeds. Muhammad Rafique Umer who was officiating as Acting CEO till the date of assumption of charge by new CEO.

It may be mentioned here that the post of the PSX CEO has been lying vacant since May, 2019 when Canadian-national Richard Morin resigned from his position after he was allegedly found not “fit and proper” for the post. Morin was hired for a three-year period in January 2018. He was the first foreign national chief executive officer of Pakistan Stock Exchange.