KARACHI: Richard Morin, the CEO of Pakistan Stock Exchange (PSX), on Tuesday tendered resignation, which was accepted by the Board of Directors.

According to sources, Richard Morins resignation came after he was issued a show cause notice over conflict of interest.

On April 09, a local newspaper reported thatRichard Morin had been served a show cause notice by a bourses committee, asking him to explain his simultaneous working with a Canadian wealth management company.

Richard Morin had joined the PSX as the firstever non-Pakistani CEO in January 2018.