The Securities and Exchange Board of India (Sebi) has cleared Ashish Kumar Chauhan’s candidature for the post of managing director (MD) and chief executive officer (CEO) of the National Stock Exchange (NSE). He is currently the MD & CEO of the BSE.
Vikram Limaye demitted the office of MD & CEO of the NSE on Saturday. The NSE had submitted the names of two candidates for the top job to Sebi. According a statement by the NSE, Sebi has given go-ahead to the bourse to appoint 54-year-old Chauhan. The NSE will now have to obtain shareholders’ approval before Chauhan can take charge.
The exchange has set up a four-member internal panel to oversee the responsibilities of MD & CEO until