Positions for Chief Regulatory Officer & Managing Director in PSX
Our client, Pakistan Stock Exchange Limited (PSX) is a single integrated capital market Exchange of Pakistan, formed through the integration of operations of Karachi, Lahore and Islamabad stock exchanges, which provides a reliable and efficient digitized market place where investors can buy and sell listed companies’ securities. For over 60 years, PSX (including previous stock exchanges) has facilitated capital formation, serving individual and institutional investors, the trading community and listed companies, and has been one of the best performing stock exchanges in the world in the last five years. After recent strategic divestment, 40% of its shares are owned by a Chinese consortium comprising of China Financial Futures Exchange, Shanghai Stock Exchange (2nd largest stock exchange in the world), Shenzhen Stock Exchange (7th largest in the world), Pak-China Investment Company Limited and Habib Bank Limited. 40% shares of PSX are owned by Trading Rights Entitlement Certificate holders (brokers) and 20% are currently held in a blocked account that are expected to be offered to public through an IPO in the near future.
Chief Regulatory Officer
PSX is looking for an assertive leader to take charge as Chief Regulatory Officer (CRO), who will manage, lead and control the compliance and regulatory functions of the PSX as the front line regulator of the issuers and holders of trading rights of PSX. For this purpose, CRO will be responsible to develop, manage and monitor the regulatory framework of the PSX, including compliance with relevant laws and regulations, policies, processes and procedures. The CRO shall be functionally responsible to Regulatory Affairs Committee and administratively to the Managing Director
PSX is seeking a leader, who will spearhead the executive team, assisting the Board in its governance function, interacting and engaging with multiple stakeholders, including, issuers, brokers, investors and market participants and coordinating closely with the Apex Regulator of the capital market, the Securities and Exchange Commission of Pakistan. The MD shall be directly accountable to the Board and his/her key objective shall be to execute the strategy for increasing shareholder value and growth of the Exchange in conformity with corporate policies approved by the Board while ensuring that public investors’ interests are protected.