BSE Ltd announced on Friday that Sundararaman Ramamurthy will be taking charge as the next Managing Director and Chief Executive Officer of the exchange on January 4, 2023.
The Securities and Exchange Board of India (Sebi) had approved his appointment on November 28.
Fifty-nine-year-old Ramamurthy has spent nearly two decades at rival NSE. He was among the early architects of NSE, handling various positions from 1995 to 2014.
Till recently, he was the Chief Operating Officer-India at Bank of America, where he worked on implementing complex technological solutions, maintaining compliance standards and stakeholder management.
Before moving to NSE in 1995, Ramamurthy also worked at the Industrial Development Bank of India (IDBI).
“His appointment is subject to ratification by the shareholders. The company has initiated the process for seeking shareholders ratification through postal ballot mechanism and the e-voting for the same will be ending on Monday, January 16, 2023 (05:00 p.m. IST),” said BSE in an exchange notification.
The top position of the country’s oldest bourse has been vacant for the last five months since the previous MD & CEO, Ashishkumar Chauhan resigned on July 25 and moved to the National Stock Exchange (NSE).
Stay connected with us on social media platform for instant update click here to join our Twitter, & Facebook
We are now on Telegram. Click here to join our channel (@TechiUpdate) and stay updated with the latest Technology headlines.
For all the latest Business News Click Here
For the latest news and updates, follow us on Google News.
Denial of responsibility! NewsAzi is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – [email protected]. The content will be deleted within 24 hours.
