Ashish Kumar Chauhan set to become NSE MD, CEO

Sebi has approved the appointment of Ashish Kumar Chauhan as the next Managing Director and CEO of the National Stock Exchange (NSE), the country’s largest stock exchange.

Chauhan is currently the MD and CEO of the BSE and his tenure will end in November this year.  He will join in place of Vikram Limaye whose five-year tenure ended on July 15.

Chauhan is one of the founders of the NSE where he worked from 1992 to 2000. At the NSE, he was involved in setting up India’s first fully automated screen-based trading system and first commercial satellite communications network.

This is Chauhan’s second tenure in the BSE and under SEBI guidelines, a candidate cannot be appointed as MD & CEO for more than two tenures. BSE is also searching for a new CEO in place of Chauhan.

As per Sebi norm, the MD and CEO of a stock exchange has to apply and compete with other candidates for the top job after the completion of the five-year term. Limaye was appointed the NSE chief in July 2017 following the exit of Chitra Ramkrishna amid the probe into co-location scam.