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TSE head Kiyota to become CEO of Japan Exchange Group

Kyodo

Tokyo Stock Exchange Inc. President Akira Kiyota will succeed Atsushi Saito as CEO of the bourse’s parent, Japan Exchange Group Inc., sources said Friday.

Saito, 75, will retire after serving as head of Japan Exchange Group for two years since its launch following the merger of the nation’s two biggest exchanges, in Tokyo and Osaka.

Kiyota, 69, joined Daiwa Securities Co., the predecessor of Daiwa Securities Group Inc., in 1969. After serving as honorary chairman of the brokerage, he became TSE president in June 2013.