Sebi clears BSE chief Chauhan as NSE’s CEO – Occasions of India

MUMBAI: Securities and Alternate Board of India (Sebi) has accepted the appointment of Ashish Kumar Chauhan because the MD & CEO of the Nationwide Inventory Alternate (NSE). His appointment is topic to acceptance of the supply made to him and fulfilment of phrases & situations, together with approval from shareholders of NSE.
Within the interim, an inside govt committee will run the change. This committee includes group CFO & head (company affairs) Yatrik Vin, chief regulatory officer Priya Subbaraman, chief enterprise threat & data safety officer Somasundaram Ok S, and CTO Shiv Kumar Bhasin.
Chauhan, who’s at present the MD & CEO of the Bombay Inventory Alternate (BSE), will succeed Vikram Limaye, whose five-year tenure as MD & CEO of the NSE ended on Friday. The 54-year-old Chauhan has a B.Tech in mechanical engineering from IIT-Bombay and a PGDM from IIM-Kolkata. He was a part of the founding group on the NSE the place he labored from 1992 to 2000.
Within the NSE, he performed a significant position in creating the derivatives market. He was concerned with the organising of the NSE’s screen-based buying and selling system, business satellite tv for pc communications community and growth of indices.
From 2000 to 2009, he was the president and chief data officer of Reliance Group with company communication duties and was additionally the CEO of the cricket group Mumbai Indians in the course of the early years of the Indian Premier League. Chauhan joined the BSE as deputy CEO in 2009 and was appointed CEO in 2012. Throughout his tenure, the BSE noticed vital growth in expertise together with a discount in response time, introduction of cell buying and selling and on-line real-time surveillance.
Chauhan was additionally instrumental in organising the nation’s first worldwide change — India Worldwide Alternate — in January 2017 at Gandhinagar, GIFT Metropolis. He oversaw the BSE’s preliminary public supply in 2017, which was oversubscribed 51 occasions.