(THE NEWSMAN OF INDIA.COM)
The Securities and Exchange Board of India (SEBI) has appointed Ashish Kumar Chauhan as Managing Director and CEO of the National Stock Exchange (NSE). Ashish Kumar Chauhan is the current MD & CEO of the Bombay Stock Exchange (BSE).

“His appointment is subject to acceptance of the offer made to him and fulfillment of terms and conditions including approval from the shareholders of NSE,” NSE said in a statement on July 17 evening.

Ashish Kumar Chauhan also serves as the member of Governing council of one of the premier B school in India – IIM Raipur. Ashish is best known as the father of modern financial derivatives in India, and is considered one of the foremost experts in financial market policies, Information technology, organized retail, telecommunications and Indian social issues.

His first break came in 1993, when the Government proposed a stock exchange in the National Stock Exchange (NSE). Chauhan was a member of the core team that founded the NSE, and responsible for setting up their equities and derivatives markets from 1993 to 2000. His work at NSE, involved market operations, membership, clearing and settlement, surveillance, regulations, sales, marketing, IT, premises etc. Chauhan himself was involved in creating the trading infrastructure at NSE and was instrumental in creating NSE-50 (Nifty), the most traded index in derivatives in India, NSE’s certification in Financial Markets (NCFM).