Nadeem Naqvi appointed as interim CEO of PSX

WEB DESK: The Board of Directors of Pakistan Stock Exchange Limited (PSX) has appointed Nadeem Naqvi, a Shareholder Director, as the interim Chief Executive Officer (CEO) of the company.

This decision was communicated to stakeholders through a notice on Thursday.

The PSX notice stated, “Nadeem Naqvi, a Shareholder Director of Pakistan Stock Exchange Limited (PSX), has been appointed as the interim Chief Executive Officer (CEO) by the Board of Directors with the approval of the Securities and Exchange Commission of Pakistan.”

It further detailed that Naqvi will take on the role of Acting CEO from 3rd September 2024, serving until a permanent CEO is appointed or until 30th November 2024, whichever comes first.

According to the PSX website, Naqvi currently serves as the CEO of the Habib University Foundation in Karachi. He previously held the position of Managing Director at PSX from 2011 to 2017, after which he took early retirement and moved to Toronto, Canada.

This appointment follows the resignation of Farrukh Khan, who stepped down from his role as CEO of PSX in July 2024 to pursue other opportunities, well before the end of his tenure. Khan joined PSX in February 2020, just as the COVID-19 pandemic began in Pakistan.

It has since been reported that Farrukh Khan will be joining the telecom operator Jazz as its Chief Financial Officer (CFO).

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