Chitra Ramakrishna to be New CEO & MD of NSE

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Chitra Ramakrishna to be New CEO & MD of NSE

The National Stock Exchange ( NSE ) on Monday appointed Chitra Ramkrishna as Managing Director and CEO of the exchange with effect from April 1st, 2013, for five years.

Ms. Ramkrishna has been with the NSE since its inception and at present serves as the Joint Managing Director. The NSE board also elected Ravi Narain, the present MD and CEO, as Vice – Chairman. “The Vice – Chairmanship in non – executive capacity will be effective from April 1st, 2013. In his capacity as Vice-Chairman, he will continue on the board of NSE,” stated an NSE release here.

Mr. Narain is now on the board of NSE as Managing Director and CEO and his current tenure will end on March 31st, 2013.

The exchange said that its board has held discussions with Narain regarding a further tenure, but he has been indicating his inability to accept any further extension of his tenure. Narain would also continue to serve on the Board of the World Federation of Exchanges and as Chairman of its Working Committee.

NSE is the country’s largest exchange in terms of turnover, although the number of listed companies is higher at its older rival BSE. Earlier in September, NSE had said Vijay Kelkar has stepped down as its Chairman. However, he would serve as Chairman of the advisory board of NSE, the exchange had said.

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