KARACHI - Richard Morin joined Pakistan Stock Exchange Limited (PSX) as CEO on Thursday after following the due process prescribed under law. After acquiring 40% equity stake by Chinese consortium and self-listing of PSX, PSX is being headed for the first time by a foreign national having good command of capital markets.

Morin earned Bachelors in Economics in 1982 from University of Montreal and Masters in Business Administration in 1988 from McGill University. He also passed ‘Canadian Securities Course’ in 1984 and ‘Partners, Directors and Officers Examination’ in 2000 from Canadian Securities Institute. Recently, he has also passed ‘Chief Compliance Officer Examination’.

With the aim to share his vast experience and to guide young professionals, Morin has served as a lecturer at Université de Sherbrooke where he taught capital market structure as part of ‘Graduate Finance Program’. As a volunteer, he acts as a mentor to assist young entrepreneurs in their early stage tech startups.

During his term at the Montreal Exchange from 1984 to 1995, he held various key positions such as Vice-President (Operations - Derivative Products), Director (Market Quality), Director (Market Development) and as a Listing Officer. For two years, he also headed the Stock Exchange of Mauritius bringing in line Mauritian capital market up to international standards. For over a year, from 1998 to 1999 he was appointed as the Chief of Mission of Regional Stock Exchange of West Africa to devise a strategic plan and advise the Regional Stock Exchange of West Africa on issues related to market development, operations, regulation and risk management.

From 1999-2001, Morin served as vice-president of National Bank Securities, the mutual funds and discount brokerage subsidiary of the National Bank of Canada, where he managed client assets of $5 billion. In 2002, He co-founded Landry Morin inc offering investment management services to private and institutional clients.