SEBI has approved appointment of Ashish Chauhan as new CEO of NSE

Vikram Limaye has shown no interest in continuing to head NSE even though he has an option to lead NSE for another five years.

In a latest development, SEBI has approved appointment of Ashish Chauhan as the new CEO of National Stock Exchange (NSE). Currently Ashish Kumar Chauhan is MD & CEO of the Bombay Stock Exchange (BSE). The five-year tenure for Ashish Chauhan ends in November this year. It is understood that BSE has started the process to select a new chief.  

Popularly known as the father of modern financial derivatives, Ashish Chauhan was one of the founders of NSE. Chauhan has worked at NSE between 1992 and 2000. His contribution in setting up India’s first fully automated screen-based trading system and first commercial satellite communications network is well recognised by the industry. He is also credited with creation of several frameworks including Nifty index and NSE certifications in financial markets. Chauhan has worked as the president and Chief Information Offer (CIO) of Reliance Group from 2000 to 2009.

Also Read - Exclusive Story Ashishkumar Chauhan : The Game-changer! 

Chauhan will be replacing Vikram Limaye who joined NSE in 2017. Vikram Limaye has shown no interest in continuing to head NSE even though he has an option to lead NSE for another five years. Limaye’s five-year tenure ended on July 16. Now NSE will have to take shareholders’ approval to appoint Ashish Chauhan even as four-member internal panel has been set to oversee the responsibilities of MD & CEO till the new person takes charge.  

NSE has been facing tough times lately owing to co-location facility issue. Market participants will be watching closely the new developments at NSE with the change in the leadership.