SEBI approves BSE chief Chauhan as NSE CEO

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Mumbai: Securities and Exchange Board of India (SEBI) has approved the appointment of Ashish Kumar Chauhan as MD and CEO of National Stock Exchange (NSE). His appointment is subject to the acceptance of the offer made by him and the fulfillment of the terms and conditions, including approval from the shareholders NSE,
In the interim, an internal executive committee will run the exchange. The committee comprises group CFO and head (corporate affairs) Yatrik Vin, chief regulatory officer Priya Subbaraman, chief enterprise risk and information security officer Somasundaram KS and CTO Shiv Kumar Bhasin.
Chauhan, who is currently the MD and CEO of Bombay Stock Exchange (BSE), will succeed Vikram Limaye, whose five-year tenure as MD and CEO of NSE ended on Friday. 54-year-old Chauhan has done B.Tech in Mechanical Engineering from IIT-Bombay and PGDM from IIM-Kolkata. He was part of the founding team at NSE where he worked from 1992 to 2000.
At NSE, he played a major role in developing the derivatives market. He was involved in setting up of NSE’s screen-based trading system, commercial satellite communication network and development of indices.
From 2000 to 2009, he was the Chairman 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. Chouhan joined BSE in 2009 as Deputy CEO and was appointed CEO in 2012. During his tenure, BSE saw significant developments in technology including reduction in response time, introduction of mobile trading and online real-time monitoring.
Chauhan also played an important role in the establishment of the country’s first international exchange- India International Exchange – In Gandhinagar in January 2017, Gift City, He oversaw the initial public offer of BSE in 2017, which was oversubscribed 51 times.

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