Bursa confirms CIO resignation

BURSA Malaysia Bhd confirmed yesterday that its chief information officer (CIO), Yew Kim Keong, has resigned.

Yew resigned on his own accord following a technical failure in Bursa's trading system on July 3 which caused an unprecedented one-day trading halt.

His resignation takes effect on July 31, a spokesperson said.

Bursa's head of IT development and services, Ang Ting Kang, has been appointed acting CIO.

A business daily yesterday reported that Yew had tendered his resignation, taking personal responsibility for the technical failure.