The National Stock Exchange (NSE) has announced the appointment of Ashish Kumar Chauhan as its new managing director and CEO. He will succeed Vikram Limaye whose 5-year term ended on 16 July 2022. He was one of the founders of NSE where he worked from 1992 to 2000. He is best known as the father of modern financial derivatives in India due to his work at NSE.
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This is Chauhan’s second tenure in the BSE and under SEBI guidelines, a candidate cannot be appointed as MD & CEO for more than two tenures. BSE is also searching for a new CEO in place of Chauhan. As per Sebi norm, the MD and CEO of a stock exchange has to apply and compete with other candidates for the top job after the completion of the five-year term.
Important takeaways for all competitive exams:
- National Stock Exchange Location: Mumbai, Maharashtra;
- National Stock Exchange Founded: 1992;
- Chairperson of National Stock Exchange: Girish Chandra Chaturvedi.