India’s oldest bourse, the BSE (formerly the Bombay Stock Exchange), is looking for a new managing director and CEO. The Dalal Street-based stock exchange posted an advertisement for the opening as incumbent Ashish Kumar Chauhan's term as the MD and CEO comes to a close in November.
“BSE India
The move comes at a time when its bigger rival NSE, which controls a large part of trade volumes in the country, initiated a similar process for its chief after Vikram Limaye decided to not take up another term at the NSE. Interestingly, some reports mention that Chauhan is in the race to take over the corner office at NSE.
The stock exchange, which was established in 1875, stated that it was looking for a professional with 20 years of experience, with five of those being in a senior leadership position. The applicant must also be a result-oriented leader with the "highest ethical standards".
In addition, the applicant must meet the Securities Exchange Board of India’s eligibility criteria, including being under the maximum age of 65. Candidates should also possess a CA/MBA/LLB/B.Tech degree or hold an equivalent educational qualification from a reputed institution. Understanding of the financial markets, technology and operations, and having prior experience in managing expectations of diverse stakeholders, including regulators, investors, customers and employees, are the desired qualities in the candidate, the advertisement said.
The last date for applying to the position is April 23, 9 pm.
NSE, which is passing through a scandal involving an ex-chief, is also stressing on governance aspect in its search for a new head.
(Edited by : Priyanka Deshpande)
First Published: Mar 29, 2022 2:22 PM IST
