KARACHI: Richard Morin has joined Pakistan Stock Exchange Limited (PSX) as CEO from January 11, 2018, after following the due process prescribed under law. After acquiring 40 per cent equity stake by Chinese Consortium and Self-listing of PSX, PSX is being headed for the first time by a foreign national having a good command of capital markets.
Morin, an experienced financial markets executive holding 30 years of experience spreading across various emerging markets and in Canada. Throughout his professional career, Morin has contributed in various segments of financial markets including but not limited to the formulation of securities markets regulation and supervision mechanisms, derivative markets, central depositories, clearing systems, government securities markets and investment advisory.
Morin earned a 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’. He also serves as a voluntary mentor to assist young entrepreneurs in their early stage tech start-up.
During his term at the Montreal Exchange from 1984 to 1995, he held various key positions such as operations – derivative products vice-president, market quality director, market development director 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 National Bank Securities Vice-president, 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.
Morin was also appointed as Investment Industry Association of Canada (IIAC) Managing Director from 2013 to 2015 where he led the investment industry’s advocacy and lobby efforts in the areas of listed and OTC derivatives and online brokerage. In 2015, he established Archer Wealth Management Inc serving as CEO and CCO offering wealth management services to private clients.