NSE gets SEBI approval to appoint Ashish Chauhan as its MD and CEO

17 Jul 2022

The National Stock Exchange of India said today that the Securities and Exchange Board of India had approved the name of Ashish Kumar Chauhan among those it had proposed for the post of the exchange’s managing director and chief executive officer.

Chauhan is currently the MD and CEO at BSE Ltd.

Outgoing MD and CEO, Vikram Limaye, had decided not to seek extension after the expiry of his five-year term. Limaye’s term expired on Saturday.

Earlier, NSE had shortlisted Chauhan and its Group Chief Financial Officer and Head-Corporate Affairs, Yatrik Vin, for the position of MD and CEO, according to reports.

As required under SEBI rules, NSE had send the names of the shortlisted candidates to the market regulator for approval.

SEBI has approved Chauhan’s name and NSE will now make a formal offer to him for the post of MD and CEO.

The exchange said that Chauhan’s appointment will be subject to acceptance of the offer made to him and fulfillment of terms and conditions including approval from the shareholders of NSE.

NSE said that in the interim an internal executive panel will run the affairs of the exchange. Besides Vin, the panel will comprise of Chief Regulatory Officer Priya Subbaraman, Chief Enterprise Risk and Information Security Officer Somasundaram KS, and Chief Technology and Operations Officer Shiv Kumar Basin.