Sources say Omar Merican's resignation precedes a reorganisation of the firm's structure and that the parting had been amicable.
Bursa Malaysia Bhd (1818) said its chief operating officer (COO) Omar Merican resigned as of yesterday after almost five years with the company.
The stock exchange operator, in a brief press statement yesterday, thanked Omar for his services and wished him the best but did not say why he was leaving. It is understood that his contract expires at the end of this year.
Sources said his resignation precedes a reorganisation of the firm's structure and that the parting had been amicable.
It is not clear if Bursa will look for a replacement, they said.
Omar, when contacted, said it was an amicable parting and his immediate plan is to travel abroad for the next few months. "I'm taking a holiday," he told Business Times.
Omar, who joined Bursa as COO in September 2005, was previously the founder and chief executive officer of Merican & Partners Asset Management Sdn Bhd from 1997 to 2004.
He has held key positions in multinational companies such as Salomon Brothers Hong Kong Ltd and James Capel Asia.
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