The Japan Exchange Group, which owns the Tokyo Stock Exchange, has announced that CEO Akira Kiyota will resign and that he will be replaced by Tokyo Stock Exchange President Hiromi Yamamichi.
Mr. Yamamichi, who will become the CEO of the Japan Exchange Group, is 67 years old.
After joining Nomura Securities in 1977, he served as a senior managing director, etc., and has been the current president of the Osaka Exchange since 2013, and the president of the Tokyo Stock Exchange since last year.
Mr. Yamamichi will become CEO on April 1, 2019, and will work on improving the competitiveness of the Tokyo Stock Exchange's prime market, which was reorganized in April this year.
In addition, Ryo Kiyota, who served as CEO for about eight years, will retire at the end of March next year, and Moriyuki Iwanaga, who is the president of the Osaka Exchange, will succeed Mr. Yamamichi as president of the Tokyo Stock Exchange.