SECP approves Farrukh Khan's appointment as PSX CEO

Farrukh Hussain Khan might take around a month or so to assume charge

KARACHI: Apex regulator Securities and Exchange Commission of Pakistan (SECP) has approved the appointment of Farrukh Hussain Khan as Chief Executive Officer of the Pakistan Stock Exchange (PSX).

“Khan will assume the charge of office in due course of time,” the PSX said in a notification issued on Tuesday.

Earlier, the PSX board of directors finalised Khan’s name for the top slot, subject to SECP’s approval. The SECP’s approval means that Khan met the “fit and proper” criteria of the apex regulator for the post.

A director on the PSX board told The Express Tribune the other day that Khan might take around a month or so to assume the charge as he was supposed to fly to the UK to submit resignation for his current job at Acumen and serve a notice period of around a month’s time. 

Published in The Express Tribune, December 25^th, 2019.

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