CEO and MD of National Stock Exchange quits

December 02, 2016 18:01

Chitra Ramkrishna, Managing Director and Chief Executive Officer of the National Stock Exchange, has stepped down, citing personal reasons.

NSE said J Ravichandran, currently serving as Group President at NSE, has been named to replace Ramkrishna and run the affairs of the bourse in the interim period.

The stock exchange would start the process for selection of a new Chief Executive Officer and Managing Director shortly.

Chitra Ramkrishna was the first woman to head the NSE and was recently elected the first woman chair of the World Federation of Exchanges.

The news came at a time when the exchange was preparing to hit the market with its initial public offering. NSE hired four additional investment banks recently to manage the issue.

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