Bursa Malaysia announces organisational restructuring

KUALA LUMPUR: Bursa Malaysia Bhd has embarked on a restructuring of its organisation, which will result in a flatter management structure.

Central to the new design, the roles of chief commercial officer and chief operating officer will be phased out, the stock exchange operator said in a statement.

The existing business leadership team will report directly to the chief executive officer, giving him a wider span of direct management and oversight of the business functions.

In addition, a new CEO regulation position will be established to lead the regulatory leadership team in driving the frontline regulatory functions of the Exchange.