Oldest Indian Stock Exchange Researchers Find CEO of BSE As Ashish Chauhan’s Term Expires

The country’s oldest stock exchange has also embarked on a search for a CEO and Managing Director as Ashish Kumar Chauhan’s tenure comes to an end.

The move comes at a time when its biggest rival, NSE, which controls a large part of the country’s trade volumes, has begun a similar operation to its boss.



Interestingly, some reports indicate that Chauhan is in a race to take over the corner office in NSE.

In an announcement published Tuesday, the BSE Foundation, founded in 1875, said it was looking for a results-oriented leader with 20 years of experience, with “the highest ethical standards.”

Exchanges have often faced integrity issues – and this has been witnessed by the emergence of scandals.

The NSE, going through a scandal involving a former president, is also emphasizing the governance aspect of its search for a new president.

The ad said that an understanding of financial markets, technology and processes are the qualities required in a candidate.

He added that an expert market leader with an entrepreneurial approach is being sought, capable of operating in a closely supervised and regulated system.

He must have previous experience managing the expectations of diverse stakeholders, including regulators, investors, clients and employees, and must meet the eligibility criteria of the SEBI Capital Markets Regulator.

The announcement indicated that the candidate must have a post-graduate degree or master’s degree, and compensation will be according to industry standards.

She said the appointment could be for up to five years, with April 23 set as the deadline for applications.

(The title and image for this report may have been reformulated only by the Business Standard staff; the rest of the content is automatically generated from a shared feed.)

Dear Reader,

Business Standard has always strived to provide the latest information and commentary on developments that matter to you and that have broader political and economic implications for the country and the world. Your continued encouragement and feedback on how we can improve our offerings has made our determination and our commitment to these ideals even stronger. Even during these challenging times brought about by Covid-19, we continue our commitment to keeping you updated with trusted news, authoritative opinions and insightful commentary on relevant topical issues.
However, we have a request.

As we battle the economic impact of the pandemic, we need your support even more, so we can continue to bring you more quality content. Our subscription form has seen an encouraging response from many of you, who have subscribed to our content online. Further subscribing to our online content can only help us achieve our goals of providing better and more relevant content. We believe in free, fair and credible journalism. Your support with more subscriptions can help us practice the journalism we are committed to.

Support quality press and Subscribe to Business Standard.

digital publisher

Leave a Reply

Your email address will not be published. Required fields are marked *