Atsushi Saito, the 75-year old chief executive of the Japan Exchange, will retire in June, along with the bourse’s chief operating officer Michio Yoneda.
Saito took on the CEO role at the Japan Exchange following the merger of the Osaka Securities Exchange and Tokyo Stock Exchange (TSE) in January 2013. He had previously been CEO and president of TSE since 2007.
Saito will be replaced by Akira Kiyota, 69, the former chairman and director of Daiwa Securities Group.
The changes will take place in June.
Saito began his career at Nomura Securities, where he worked for 35 years. He then served as president and then chairman of Sumitomo Life Investment before being appointed as president of the Industrial Revitalization Corporation of Japan in 2003.