S Ramamurthy New BSE CEO

December 31, 2022 10:53

Illustration: Dominic Xavier/Rediff.com

Business Standard

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 had approved his appointment on November 28.Ramamurthy, 59, 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.

"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 pm 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.

« Back to LIVE

TOP STORIES

Bibhav Kumar sent to 5-day police custody in Maliwal assault case

It noted the prosecution's submissions about the need to take Kumar to Mumbai and other parts of the national capital to collect evidence, which was not possible without the accused's custody.

AAP workers marching towards BJP HQ detained, Sec 144 imposed

The traffic police also issued an advisory in view of the protest planned outside the BJP office at the Deen Dayal Upadhyay Marg, while entry and exit have been disallowed at the nearest ITO metro station.

Factors that will guide the markets this week

The last batch of quarterly earnings, global trends and trading activity of foreign investors will guide the equity market movement in a holiday-shortened week ahead, analysts said. Volatility may continue amid investors' cautious...

'God's plan, baby': Yash Dayal redeems himself

Yash Dayal had the haunting memory of Rinku Singh's five consecutive sixes last year when Mahendra Singh Dhoni lofted his full-toss over the Chinnaswamy stadium roof in Saturday's crucial IPL match in Bengaluru.

Golden Girl Sobhita

After choosing the royal colour, Sobhita Dhulipala turned it up a notch higher and went for gold for her second appearance at the Cannes Film Festival.