Sebi clears BSE chief Chauhan as NSE’s CEO

Sebi clears BSE chief Chauhan as NSE’s CEO


MUMBAI: Securities and Exchange Board of India (Sebi) has approved the appointment of Ashish Kumar Chauhan as the MD & CEO of the National Stock Exchange (NSE). His appointment is subject to acceptance of the offer made to him and fulfilment of terms & conditions, including approval from shareholders of NSE.
In the interim, an internal executive committee will run the exchange. This committee comprises group CFO & head (corporate affairs) Yatrik Vin, chief regulatory officer Priya Subbaraman, chief enterprise risk & information security officer Somasundaram K S, and CTO Shiv Kumar Bhasin.
Chauhan, who is currently the MD & CEO of the Bombay Stock Exchange (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 part of the founding team at the NSE where he worked from 1992 to 2000.
In the NSE, he played a major role in developing the derivatives market. He was involved with the setting up of the NSE’s screen-based trading system, commercial satellite communications network and development of indices.
From 2000 to 2009, he was the president and chief information officer of Reliance Group with corporate communication responsibilities and was also the CEO of the cricket team Mumbai Indians during the early years of the Indian Premier League. Chauhan joined the BSE as deputy CEO in 2009 and was appointed CEO in 2012. During his tenure, the BSE saw significant development in technology including a reduction in response time, introduction of mobile trading and online real-time surveillance.
Chauhan was also instrumental in setting up the country’s first international exchange — India International Exchange — in January 2017 at Gandhinagar, GIFT City. He oversaw the BSE’s initial public offer in 2017, which was oversubscribed 51 times.





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Author: Shirley