India’s oldest bourse BSE searches for CEO as Ashish Chauhan’s term ends

The country’s oldest stock exchange BSE has also embarked on a search for a chief executive and managing director as the incumbent Ashish Kumar Chauhan’s term has ended.

The move comes at a time when its bigger rival NSE, which controls a large part of trade volumes in the country, has also initiated a similar process for its chief.

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

In an advertisement posted on Tuesday, the 1875-established BSE said it is looking for a results-oriented leader having an experience of 20 years, with the “highest ethical standards”.

Stock exchanges have frequently faced troubles over integrity – witnessed through the emergence of scandals.

NSE, which is passing through a scandal involving an ex-chief, is also stressing on governance aspect in its search for a new head.

Understanding of the financial markets, technology and operations are the desired qualities in the candidate, the advertisement said.

A market-savvy leader with an entrepreneurial approach, capable of working in a closely regulated and supervised system, is being sought, it added.

She or he must be having prior experience in managing expectations of diverse stakeholders, including regulators, investors, customers and employees, and should meet Capital markets regulator Sebi’s eligibility criteria.

The candidate should hold a post-graduation or master’s degree, and the compensation will be as per industry standards, the advertisement noted.

The appointment may be for a period of up to five years, it said, specifying April 23 as the last date for submission of applications.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor