ACG EXECUTIVE COMMITTEE ENDORSES KSD AS NEW CHAIRMAN

The ACG Executive Committee has elected Mr. Lee Byungrhae, Chairman and CEO, Korea Securities Depository as the new chairman.

Consequent to the demise of Chief Executive Officer of Central Depository Company of Pakistan, Muhammad Hanif Jakhura, the Asia Pacific Central Securities Depository Group (ACG) Executive Committee has elected Mr. Lee Byungrhae, Chairman & CEO, Korea Securities Depository as the new chairman of the ACG Executive Committee.

Central Securities Depository of Iran President and CEO, Dr. MohammadReza Mohseni, in a letter congratulated Mr. Lee and KSD on their new roles as the Executive Committee Chairman and ACG Secretariat and assured CSDI full cooperation.

The Executive committee of ACG comprises of 8 elite depositories of the region including Central Securities Depository of Iran (CSDI), China Securities Depository and Clearing Corporation Limited (CSDC), Japan Securities Depository Center (JASDEC), Korea Securities Depository (KSD), India’s National Securities Depository Limited (NSDL), Central Depository Company of Pakistan Limited (CDCPL), Taiwan Depository & Clearing Corporation (TDCC) and Central Depository Services (India) Limited (CDSL).

The Asia-Pacific Central Securities Depository Group (ACG) is an international organization with the objective to facilitate the exchange of information and to promote mutual assistance among member securities depositories and clearing organizations in the region.

Release Date: 5/28/2017


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